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ProShares Short Euro ETF (EUFX)

- NYSEARCA
  • Apr. 1, 2014, 5:07 AM
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  • Mar. 31, 2014, 5:07 AM
    • Eurozone flash inflation has slipped to 0.5% on year in March from 0.7% in February and undershot forecasts of 0.6%.
    • Core CPI has weakened to +0.8% from +1%.
    • The slowdown in inflation is likely to strengthen concerns that the eurozone is sliding towards deflation.
    • The euro drops vs the dollar and is -0.1% at $1.3743. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, FEP, UPV, EUFX, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, FIEU
    | 2 Comments
  • Mar. 26, 2014, 9:33 AM
    • The euro continues to slip a bit following yesterday's multiple signals on additional stimulus being considered by the ECB. "We haven't exhausted our maneuvering room" on interest rates, Bank of Finland Governor Erkki Liikanen told the WSJ, and the typically hawkish Jens Weidmann from the Bundesbank didn't rule out QE or negative interest rates in an interview with news agency MNI. Another governing council member, Slovakia's Jozef Makuch expressed similar sentiments.
    • Also speaking yesterday, ECB chief Mario Draghi was less specific about measures, but reiterated the bank's commitment to do what is necessary to prevent deflation.
    • The ECB's next policy meeting is April 3.
    • FXE -0.2%
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
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  • Mar. 24, 2014, 5:11 AM
    • Eurozone flash manufacturing PMI has slipped to 53 in March from 53.2 in February and missed consensus that was also 53.2.
    • Services declined to 52.4 from 52.6 and vs 52.6.
    • Composite output fell to 53.2 from 53.3 and vs 52.6.
    • Manufacturing output edged up to 55.4 from 55.3.
    • The eurozone enjoyed its best quarter for business activity since Q2 2011, says Markit, with the PMI survey signalling a 0.5% increase in Q1 GDP after growth of 0.3% in Q4.
    • However, deflation remains a concern, Markit adds, especially in the periphery. With prices falling again in March, the argument for further stimulus remains, "especially if the rate of growth of activity cools again in April."
    • The euro is flat at $1.3788. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, FEP, UPV, ULE, URR, ADRU, FEEU, EURL, DBEU, EURZ, FIEU
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  • Mar. 24, 2014, 4:42 AM
    • German flash manufacturing PMI has dropped to 53.8 in March from 54.8 in February and missed consensus of 54.7.
    • Services fell to 54 from 55.9 and vs 55.8.
    • Manufacturing output declined to 57 from 57.4.
    • Composite output dropped to 55 from 56.4.
    • Staffing rose for a fifth straight month, although "the increase was largely driven by hiring efforts at service providers," says Markit, "while manufacturing firms only reported a fractional rise in workforce numbers."
    • Still, the data points to GDP growth of up to 0.7% in Q1, Markit says.
    • The euro comes back down after jumping a bit following the French PMI and is flat at $1.3795. The DAX is -0.45%. (PR)
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, BUND, FEP, EUFX, UPV, ULE, DBGR, DXGE, BUNL, ADRU, URR, FEEU, FGM, GGOV, EURL, BUNT, EURZ, DBEU, FIEU, HEWG
    | 1 Comment
  • Mar. 24, 2014, 4:11 AM
    • French flash manufacturing PMI has climbed to a 33-month high of 51.9 in March from 49.7 in February and topped consensus of 49.8.
    • Services rose to 51.4 from 47.2 and vs 47.9.
    • Manufacturing output grew to 52.8 from 50.8.
    • Composite output increased to 51.6 from 47.9.
    • "Improving conditions both at home and abroad were reported to have contributed to expansion, although there was further evidence that price discounting had been necessary to support sales," says Markit.
    • The euro takes a jump and is +0.2% at $1.3822, while the CAC 40 (EWQ) is -0.2%. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, FIEU
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  • Mar. 19, 2014, 3:39 PM
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  • Mar. 13, 2014, 3:21 PM
    • After hitting a 2-1/2 year high in morning action, the euro (FXE -0.3%) does an about face as Mario Draghi tries to hold back the waves, calling the euro "increasingly relevant in our assessment of price stability."
    • "Any material risk of inflation expectations becoming unanchored will be countered with additional monetary policy measures."
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Mar. 13, 2014, 8:14 AM
    • ECB members keep trying to talk down the currency, but the euro keeps moving ahead, up 0.4% this morning and buying $1.3956 - the most since October 2011.
    • Yesterday, George Soros - launching his new book "The Tragedy of the European Union" - compared the stagnation in the EU to that of Japan. He no doubt sees the strength of the euro in the face of economic weakness as similar to that of the yen during Japan's malaise - a failure of policymakers to come to grips and deal with what confronts them.
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Mar. 11, 2014, 3:06 AM
    • Germany's exports rose 2.2% on month in January after dropping 0.9% in December and beat forecasts of +1.4%.
    • Imports jumped 4.1% vs -1.4% and +1.3%.
    • The trade surplus slipped to €17.2B from €18.3B and missed consensus of €17.7B.
    • The euro is -0.1% at $1.3865, while DAX futures are +0.2%. (PR)
    • ETFs: FXE, EUO, EWG, ERO, DRR, BUND, EWGS, EUFX, ULE, GERJ, DBGR, BUNL, DXGE, URR, FGM, BUNT, GGOV
    | Comment!
  • Mar. 10, 2014, 7:38 AM
    • "We are clearly not very happy at the moment," says ECB board member Christian Noyer when asked about the strength of the euro (FXE). "It's clear that when the euro starts to strengthen it creates additional downward pressure on the economy and additional downward pressure on inflation. Both cases are not warranted at the moment."
    • Noyer, however, doesn't signal any new policy ease, instead calling the "extreme degree" of stimulus appropriate for now. The ECB does, of course, stand ready to act as necessary.
    • In the green earlier, the euro is now slightly lower on the session.
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Mar. 6, 2014, 8:49 AM
    • The euro pops above $1.38 as Mario Draghi - in his post-ECB meeting press conference - gives no indication in the early-going of any consideration of further monetary ease. It had been thought declining inflation might prompt action, but Draghi calls the upside and downside risks to price developments broadly balanced over the medium-term.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • European stocks have given back nearly all of their earlier gains, the Stoxx 50 now up 0.1%.
    • ETFs: VGK, FEZ, DFE, IEV, EPV, EZU, HEDJ, GXF, FEU, GUR, FDD, ESR, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    • Earlier: The ECB leaves policy unchanged.
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  • Mar. 5, 2014, 5:07 AM
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  • Mar. 5, 2014, 4:13 AM
    • Eurozone services PMI increased to 52.6 (flash 51.7) in February from 51.6 in January.
    • Composite output rose to 53.3 (flash 52.7) from 52.9.
    • Italy's composite PMI improved to a 34-month high of 53.4, while Germany grew strongly as well, although Spain and Ireland slowed a bit and France continued to contract.
    • Of particular encouragement, though, in the overall survey, was that headcount improved for the first time since 2011.
    • The PMI data suggests that eurozone GDP is on track to grow 0.4-0.5% in Q1, which would be the "best performance for three years."
    • The euro is flat at $1.3742 after being lower before the eurozone PMI reports were released. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, FEP, ULE, UPV, IFEU, URR, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    | Comment!
  • Mar. 3, 2014, 4:08 AM
    • Eurozone manufacturing PMI slipped to 53.2 (flash 53) in February from 54 in January.
    • The survey is consistent with industrial output growing at 1% in Q1, while GDP is set to rise 0.4-0.5%, says Markit.
    • "With new orders and backlogs of work still rising at reasonable rates, further ongoing expansion is signalled for coming months," Markit adds.
    • The euro is -0.1% at $1.3782. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, FEP, UPV, ULE, URR, ADRU, FEEU, EURL, DBEU, EURZ, FIEU
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  • Feb. 28, 2014, 5:07 AM
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EUFX Description
ProShares Short Euro seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the U.S. dollar price of the euro.
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