Fed-Speak To Dominate EUR/USD Trading In Coming Days
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Tue, May 21
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Forex: EUR/USD, Nowhere To GoFXstreet • Thu, May 9
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EUR/USD - The Week We've All Been Waiting For?FXstreet • Mon, Apr 29
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Is The Euro Priced Right At 1.30?Ralph Shell • Wed, Apr 24 -
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Upcoming Economic Data The Catalyst For EUR/USD?FXstreet • Tue, Apr 23
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Cross-Border Deleveraging and Shifts in Europe’s Bargaining GameChevelle • Tue, Nov 30, 2010 -
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Fed-Speak To Dominate EUR/USD Trading In Coming DaysFXstreet • Tue, May 21
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Forex: EUR/USD, Nowhere To GoFXstreet • Thu, May 9
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EUR/USD - The Week We've All Been Waiting For?FXstreet • Mon, Apr 29
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Is The Euro Priced Right At 1.30?Ralph Shell • Wed, Apr 24
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Upcoming Economic Data The Catalyst For EUR/USD?FXstreet • Tue, Apr 23
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at MarketWatch.com (Mar 1, 2012)
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at MarketWatch.com (Feb 1, 2012)
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at MarketWatch.com (Jan 3, 2012)
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at MarketWatch.com (Dec 1, 2011)
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at CNBC.com (Oct 31, 2011)
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at MarketWatch.com (Oct 3, 2011)
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at MarketWatch.com (Sep 20, 2011)
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at CNBC.com (Sep 13, 2011)
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at CNBC.com (Sep 9, 2011)
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at MarketWatch.com (Aug 1, 2011)
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at CNBC.com (Jul 6, 2011)
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at MarketWatch.com (Jul 5, 2011)
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at MarketWatch.com (Jul 5, 2011)
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at CNBC.com (Jun 28, 2011)
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at MarketWatch.com (Jun 1, 2011)
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at MarketWatch.com (Apr 4, 2011)
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at MarketWatch.com (Feb 1, 2011)
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at MarketWatch.com (Aug 2, 2010)
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at MarketWatch.com (Jul 1, 2010)
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at MarketWatch.com (Jun 11, 2010)
EUO vs. ETF Alternatives
EUO Description
ProShares UltraShort Euro seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the U.S. Dollar price of the Euro.
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Key Info
- In Your Portfolio: A Guide to Currency ETFs and ETNs
- Asset Class Performance: Currencies
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 17, 8:37 AM First the move then the news? The euro takes a quick tumble, dropping about 50 pips to $1.2821. There's not much in the news other than the recycling of an old story Germany's Constitutional Court might reject the ECB's OMT plan, and chatter the central bank has been calling around to float the idea of negative deposit rates. FXE -0.5% premarket. Comment! [Global & FX]
- Thursday, May 16, 11:34 AM The euro tumbles about 30 pips as European Industry Commissioner Antonio Tajani tabs the currency as too strong and calls on the ECB to manage its level to better-help exports. FXE now up just 0.1%. Comment! [Global & FX, On the Move]
- Monday, May 13, 6:20 AM The ECB's Ignazio Visco revives the discussion of negative deposit rates after Ewald Nowotny sought to dismiss the notion as largely out of the realm of near-term possibilities earlier this month. Visco tells CNBC that the ECB is "technically prepared" to institute the policy and goes so far as to say that in his opinion, "the economy is now capable of taking it on board." In the wake of the ECB's most recent policy meeting, Mario Draghi said he has an "open mind" to the policy, a statement which sent the euro (FXE) tumbling. Comment!
- Monday, May 6, 10:44 AM The euro (FXE -0.4%) tumbles as Mario Draghi - in prepared remarks in Rome - says the ECB is ready to act again in coming weeks. The comments are not a whole lot different than what he said post-rate cut at his press conference last Thursday. 1 Comment [Global & FX, On the Move]
- Thursday, May 2, 9:16 AM It tells you all you need to know, says Danske's Owen Callan, that the ECB would consider negative deposit rates rather than buying government paper. Draghi saying he has an "open mind" on negative deposit rates looks to be what sent the euro tumbling about 100 pips on one 5-minute bar. FXE -0.6% premarket. 5 Comments [Global & FX, On the Move]
- Thursday, May 2, 9:07 AM "There was a very strong prevailing consensus towards an interest rate cut," says Draghi, now taking questions at his press conference. The answer suggests the vote wasn't unanimous (Weidmann?). As Draghi points to higher stock prices as one measure of the ECB's success, markets turn tail, the Stoxx 50 (FEZ) now off 0.5%, and the euro (FXE) really tumbling, -0.8%. 1 Comment [Global & FX, On the Move]
- Thursday, May 2, 7:46 AM The ECB cuts its benchmark rate 25 basis points to 0.5%, a move expected my most, but not all economist forecasts. The euro (FXE) is about flat on the session. Comment! [Global & FX, Breaking News, Top Stories]
- Wednesday, May 1, 12:41 PM Buy the dips in the euro (FXE) ahead of tomorrow's ECB policy meeting, says Credit Suisse (what dips, the euro's at a 2-month high). A rate cut is expected and SOP is for currencies to decline after, but the cut could be construed as stimulative for growth and thus supportive of the euro. A rate is expected, but not a slam-dunk as yet. 1 Comment [Global & FX]
- Monday, April 29, 3:15 PM More from BAML on currencies: Holding against the crowd a bit, the bank argues an ECB rate cut is not coming this week, but could come in June if the data remain weak. BAML also suggests the bank may try to maximize the impact of a rate cut by combining it with looser collateral requirements. The euro (FXE) has held its own of late despite increasing signals of easier monetary policy. Comment! [Global & FX]
- Friday, April 26, 7:18 AM New data from the ECB strengthen the case for a rate cut as loans in the eurozone private sector fell 0.8% Y/Y in March. Maybe a bit of light - lending to nonfinancial firms rose for the first time since July, but the small increase followed huge declines in January and February. Separately, Pimco's Rich Clarida says the ECB will indeed cut rates next week. The euro (FXE) is flat, continuing its tight range over the past few days. 2 Comments [Global & FX]
- Wednesday, April 24, 7:04 AM Momentum is building for the ECB to cut rates 25 basis points at its meeting next week, reports Reuters, citing senior sources at the central bank. The meeting is taking place away from the bank's Frankfurt home and the ECB rarely moves at away games, but recent data paint a bleak enough picture for action, says one official. The euro (FXE) is flat and buying $1.3019. 2 Comments [Global & FX]
- Tuesday, April 23, 5:35 AM European equities climb following mixed eurozone PMI data, with German shares just about brushing off poor PMI readings for the country, although the euro falls vs the dollar. EU Stoxx 50 +0.8%, London +0.5%, Paris +1.2%, Frankfurt +0.1%, Milan +0.7%, Madrid +1%. Euro -0.7% at $1.2979. 1 Comment [Global & FX, Top Stories, On the Move]
- Wednesday, April 17, 10:38 AM Smoking the euro (FXE -1%) but offering no help to European stocks (FEZ -3%) is the ECB's (and Germany's) hawkish Jens Weidmann suggesting the central bank could slash rates if punkish economic data keeps rolling in. He brushes aside the idea the region's debt crisis is anywhere near over. "The calm that we are currently seeing might be treacherous." 3 Comments [Global & FX, On the Move]
- Tuesday, April 16, 10:38 AM Asset purchases are "open-ended but temporary," says the Chicago Fed's Charles Evans, adding he sees plenty of headwinds for the economy. In a rare comment on the dollar, he calls the greenback "quite strong" and says the FOMC is surprised by this. The dollar (UUP -0.5%) sheds a few more ticks, particularly vs. the euro - FXE +0.9%. Comment! [U.S. Economy, Global & FX]
- Thursday, April 11, 5:25 PM As expected, the IMF has cut its 2013 GDP growth outlook for the U.S. to 1.7% from 2%. The dollar and euro are called moderately overvalued, and the yuan moderately undervalued. Thanks to Shinzo Abe's efforts, Japan's GDP is now expected to grow 1.5% in 2013, up from a prior 1.2%. 4 Comments [U.S. Economy, Global & FX]
- Monday, April 8, 9:29 AM The EU should consider changing the ECB mandate to give it the same powers as those of the Fed and BOE, says Spanish PM Rajoy. Forecasts for the Spanish economy to grow in 2014 are now in doubt, he adds. Showing Rajoy's influence on monetary policy, the euro (FXE) goes nowhere, remaining slightly higher on the session at $1.3020. 1 Comment [Global & FX]
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x oil -field
The BIG Idea euro $FXE tumbles as Mario Draghi -in prepared remarks in Rome - says the ECB is ready to act again. http://bit.ly/13mhUhq $EUO - View all 0 replies
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x oil -field
What do I believe will ''break the back'' of $GLD? The so-called EU currency the BIG idea (€) Euro? $EUO http://bit.ly/11b4sA1 The Telegraph - View all 3 replies
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x oil -field: FinancialPost: Why investors should stay in May. http://bit.ly/13lNAU3 MarketCurrents @SA http://bit.ly/12b7zTZ
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x oil -field
Euro-Area Manufacturing Contracted for 21st Month in April. $EUO Bloomberg http://bloom.bg/131W7wn - View all 4 replies
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x oil -field: CNN: European Central Bank ECB meets under pressure to cut rates. http://cnnmon.ie/10ucEDX $FXE
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schuttekarl
with rate cuts next week taking place on the euro. How will $EUO behave as an investment ? - View all 0 replies
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x oil -field
Saving Cyprus Means (€) Nobody Safe http://bit.ly/ZQvRT4 as Europe Breaks Taboo. $EUO http://bloom.bg/11HiCo1 $UUP Bloomberg - View all 0 replies
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x oil -field
Most Cyprus banks to reopen Tuesday, Central Bank source. $EUO http://reut.rs/11DUBBW http://bit.ly/ZQvRT4 Reuters - View all 7 replies
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realornot: EU is playing with fire. This will back fire them big time by punishing Russia. Putin must have a load of their money tied in there. -
x oil -field: You and I can be very, very, sure this was done with EU IMF [Putin] Russia and*others backroom approval.c> $NBG
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bd4uandu: of the Russian/Cyprus relationship, good or bad. Sometimes it seems that the "crisis" are used to distract our attentions from other things. -
x oil -field: Agreed,but if we as a whole can see through the ''crisis'' [mfg. noise] it can be beneficial,and provide buying opportunity(ies).
LATEST REPLIES
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x oil -field
What do I believe will ''break the back'' of $GLD? The so-called EU currency the BIG idea (€) Euro? $EUO http://bit.ly/11b4sA1 The Telegraph - View all 3 replies
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x oil -field: FinancialPost: Why investors should stay in May. http://bit.ly/13lNAU3 MarketCurrents @SA http://bit.ly/12b7zTZ
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x oil -field
Euro-Area Manufacturing Contracted for 21st Month in April. $EUO Bloomberg http://bloom.bg/131W7wn - View all 4 replies
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x oil -field: CNN: European Central Bank ECB meets under pressure to cut rates. http://cnnmon.ie/10ucEDX $FXE
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x oil -field
Agitation In Euro Land As Cypriots Face Wealth Destruction by: FXstreet. $ERO $EU $EUO $FXE http://bit.ly/113ZKPC http://bloom.bg/pF58PQ - View all 3 replies
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x oil -field: WSJ: With banks still closed, Cyprus is an island where cash is king. $EUO http://on.wsj.com/14hazSY
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x oil -field: Cyprus rescue raises new questions about euro's long-term survival. $EUO http://bit.ly/11EChVB NDTV
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x oil -field
Most Cyprus banks to reopen Tuesday, Central Bank source. $EUO http://reut.rs/11DUBBW http://bit.ly/ZQvRT4 Reuters - View all 7 replies
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realornot: EU is playing with fire. This will back fire them big time by punishing Russia. Putin must have a load of their money tied in there.
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x oil -field: You and I can be very, very, sure this was done with EU IMF [Putin] Russia and*others backroom approval.c> $NBG
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x oil -field
Over 58% of Russian Companies are Ready to Withdraw Funds from Cyprus According to MarketPublishers.com $EUO - View all 8 replies
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x oil -field: ...we are leaving on a jet plane http://bit.ly/ZZrYKH and you [miss pantsuit-britches] can keep your euro(s)..c>
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x oil -field: ....''now that would add some spice to the party, yes''?
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bd4uandu: of the Russian/Cyprus relationship, good or bad. Sometimes it seems that the "crisis" are used to distract our attentions from other things.
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x oil -field: Agreed,but if we as a whole can see through the ''crisis'' [mfg. noise] it can be beneficial,and provide buying opportunity(ies).
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x oil -field
Cyprus Bailout And Bank Levy:It's About Tax Haven Status. SA Larry Trefz. $DRR $ERO $EU $EUO $FXE http://bit.ly/WR04Um http://bit.ly/ZlNoCu - View all 1 replies
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x oil -field: As it tries to play Russia off against EU to salvage economy,Cyprus has embarked on high-stakes geopolitical poker game.http://bit.ly/ZzFENf
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x oil -field
Bloomberg TV: $EUO Cyprus commit[ting] theft of ''the peoples money'' http://bit.ly/ZlNoCu http://bloom.bg/pF58PQ http://bit.ly/142THiM - View all 2 replies
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x oil -field: Cyprus parliament to consider deposit tax; European stocks fall. http://reut.rs/16DRIkI http://bit.ly/WQWNEp Reuters
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x oil -field: Cyprus aims to let small savers out of deposit tax; [*veto still likely.] Reuters http://reut.rs/ZXcS89
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x oil -field
Cyprus Draft Law Exempts Deposits of up to EUR20,000 From Bank Levy. Update: Dow Jones Newswires March 19, 05:35 ET (09:35 GMT) $EUO - View all 3 replies
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DaLatin: Wow, 20K.. Thought they would set bar higher... Merkal will look good at home & Russia might sneak a win if they get oil/gas rights ???
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x oil -field
Bloomberg TV: Cyprus commit[ting] theft of ''the peoples money'' http://bloom.bg/pF58PQ http://bit.ly/ZlNoCu $EUO - View all 1 replies
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x oil -field: Europe Braces for Fresh Turmoil With Cyprus Deposit Levy 'Ominous' Sign Barclays said. $EUO http://bloom.bg/112bSRp http://bit.ly/113icbg
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x oil -field
Short The Euro While France And Germany Divorce by: Stephen Aniston. $EUO $FXE $UUP http://seekingalpha.com/a/r11r - View all 3 replies
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Bob de'Long: If the EU could only sell France, Italy, Spain, Portugal, Cyprus, Greece, etc, etc. Germany and a couple others are the EU's only strength. -
DaLatin: Actualy Italians R the wealthy ones over the Germans,but,culturally they hate paying tax.Italians just change PMs like undewhere.Bunga bunga
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Saint Nicholas
so no one dares predict where the euro (EUO) will be going now!! european mess on one side, QE3 on the other.I say never higher than 1,35... - View all 1 replies
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Capitalist Bull
Avoid or #Short #Gold, #Silver, #Copper, & $EURUSD over the next few months regardless of #FED & #ECB decisions & actions. $GLD $SLV $EUO - View all 5 replies
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Capitalist Bull: I agree, but the market may just force the FED into it. The FED clearly doesn't want to do it.
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reevenadin: the thing with QE is that it throws all fundamentals out of the window. all i am bothered about now is price action.
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lmcalist1983
Theory: ECB is allowed to print euros and EUR drops against USD, ECB does nothing and EUR collapses and drops against USD. EUO - View all 1 replies
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lmcalist1983: Lastly: Europe somehow rights the ship and EUR strengthens against USD, which I believe is highly unlikely. High probility of EUR dropping.