Seeking Alpha
 

CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • Wed, Mar. 11, 4:34 AM
    • The euro fell to a fresh 12-year low on Wednesday, extending a broad decline just days after the ECB launched its €1T bond-buying program, while the dollar index soared to its highest in more than 11 years at 98.95, buoyed by expectations that the Fed could soon lift U.S. interest rates.
    • Nearly all now believe the FOMC will remove the word "patient" from its policy statement after its March 17-18 meeting, opening the door for a rate increase in June.
    • The euro is -0.4% at $1.0652.
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Dollar ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    | 10 Comments
  • Tue, Mar. 10, 2:20 AM
    • The euro continued its decline on Tuesday, hitting a new 12-year low against the dollar, as Dallas Fed President Richard Fisher reiterated that the U.S. should promptly end its easy monetary policy and press ahead with an interest rate increase.
    • So far this month, the euro has dropped more than 400 pips, or 3.63% against the dollar.
    • The currency also felt pressure from lower euro zone debt yields after the ECB launched a €1T bond buying program yesterday.
    • The euro is -0.5% to 1.0793.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Mon, Mar. 9, 6:14 AM
    • Looking to stimulate the eurozone economy and avert the threat of deflation, the ECB began its €60B per month QE program today by buying German government bonds, Bloomberg reports quoting two traders in government debt.
    • While European equities slipped, eurozone yields held steady, and the euro added 0.6% to $1.0903 to regain some ground after its slide to an 11-year low last week.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Fri, Mar. 6, 9:07 AM
    | 1 Comment
  • Thu, Mar. 5, 8:56 AM
    • As expected, the ECB lifts its EU GDP growth forecasts for 2015 and 2016 to 1.3% and 1,9%, respectively, but expects inflation to remain negative in the months ahead.
    • The €60B per month QE program of sovereign bond purchases is set to begin on Monday. It's expected to continue until the end of Sept. 2016, or until the central bank sees a sustained upward adjustment in the path of inflation.
    • Market reaction: The euro (NYSEARCA:FXE) is all over the place, but currently down 0.25%, and the Stoxx 50 (NYSEARCA:FEZ) is at session highs, up 0.9%. Peripheral bond yields are on the way down, with Spain's (NYSEARCA:EWP) 10-year lower by five basis points to 1.32%, and Italy's (NYSEARCA:EWI) also by five to 1.35%.
    • Previously: ECB stays on hold, press conference coming (March 5)
    • Previously: ECB to raise growth forecasts, lower inflation projections (March 5)
    | 2 Comments
  • Thu, Mar. 5, 4:06 AM
    • The ECB is expected to focus on improved growth prospects when it meets today, and unveil some details of its 1T+ euro bond buying plan.
    • The bank is expected to keep interest rates on hold and lift growth forecasts after a string of positive data surprises. But with inflation at -0.3% in February, the bank could reverse its 0.7% inflation forecast for 2015 and predict deflation.
    • Markets will also be looking for guidance for on how quantitative easing will work, when the buying will start, whether it applies to paper with negative yields and how the purchases will be distributed along the yield curve. The ECB previously said money printing would last until September 2016 at least.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR, VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, SBEU, DBEZ, FEUZ
    | 2 Comments
  • Wed, Mar. 4, 6:22 AM
    • European shares reversed earlier gains this morning following a final estimate of a closely-watched survey of the region's services and manufacturing sectors.
    • The composite reading of Markit's PMI came in at 53.3 in February, weaker than a preliminary reading of 53.5.
    • Crashing through support levels that have held for more than a month, the euro headed to a six-week low today under pressure from the ECB's launch of quantitative easing.
    • The euro is -0.5% at $1.1118.
    • FTSE 100 -0.3%; DAX -0.3%; CAC 40 flat; Euro Stoxx 50 -0.1%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Mon, Mar. 2, 6:24 AM
    • Eurozone consumer prices fell for the third straight month in February, giving some encouragement to ECB policy makers as they prepare to meet in Cyprus on Wednesday and Thursday to set the stage for their new stimulus program.
    • Eurostat said prices were 0.3% lower than in February 2014, having fallen 0.6% in January, while the unemployment rate across the eurozone fell to 11.2% in January, its lowest since April 2012.
    • FTSE 100 +0.3%; DAX +0.2%; CAC 40 -0.4%; Euro Stoxx 50 -0.1%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Thu, Feb. 26, 9:00 AM
    • Core CPI gained 0.2% in January, double expectations, even as the oil-influenced headline number tumbled 0.7%.
    • The only thing barely holding back Fed rate increases at this point is too-low inflation, and if core CPI is going to start printing 0.2% on a monthly basis, markets probably ought to start pricing in at least a small series of rate boosts.
    • The dollar bull ETF (NYSEARCA:UUP) is up 0.6% premarket, with the greenback nicely in the green against the euro (NYSEARCA:FXE), yen (NYSEARCA:FXY), loonie (NYSEARCA:FXC), pound (NYSEARCA:FXB), swissie (NYSEARCA:FXF), and aussie (NYSEARCA:FXA).
    • ETFs: UUP, UDN, UUPT, FORX, UDNT, USDU
    • There were also a couple of not-so-hot economic numbers earlier: Durable goods ex-transport fell short of expectations, and jobless claims jumped well past consensus.
    | Comment!
  • Mon, Feb. 23, 5:13 AM
    • European stock markets rose and the euro started the week on a cautious note as a Greek debt deal struck last week remains in the balance.
    • Euro zone finance ministers agreed on Friday to extend Greece's bailout deal for four months, provided it comes up with a list of economic reforms by Monday.
    • Germany's DAX is now up 0.4% at 11,093.30 points after rising to 11,158.55 - its highest ever level, as Ifo's German business climate index edged up to 106.8 in February from 106.7 last month. The Greek market is closed on Monday for a holiday.
    • The euro is -0.6% at $1.1314.
    • FTSE 100 -0.2%; CAC 40 +0.3%; Euro Stoxx 50 +0.4%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 9 Comments
  • Fri, Feb. 20, 4:12 AM
    • The German and French economy picked up momentum this month as manufacturing continued growing in Germany and services expanded in the two countries.
    • Markit's German composite Purchasing Managers Index of both industries came in at its best in seven months, increasing to 54.3 from 53.5 in January.
    • France posted its strongest composite services PMI score in three and a half years, rising to 52.2 from 49.3 last month.
    • Update: Eurozone PMI came in at 53.5 this month, up from January's 52.6.
    • The euro is -0.4% at $1.1320, while the DAX -0.2%; CAC 40 -0.2%.
    • ETFs: FXE, EUO, EWG, ERO, EWQ, DRR, EUFX, EWGS, ULE, DBGR, DAX, URR, DXGE, FGM, QDEU, HEWG
    | 2 Comments
  • Thu, Feb. 19, 7:57 AM
    • The ECB considered a QE program of just €50B per month, but ultimately went with €60B thanks to worry over low inflation readings, according to the just-released minutes of its most recent policy meeting.
    • QE was supported by a "large majority" of the governing council.
    • The euro (NYSEARCA:FXE) remains as it was before the release, down 0.2% at $1.1375.
    • Previously: Germany rejects Greece's bailout extension request (Feb. 19)
    | Comment!
  • Thu, Feb. 19, 7:40 AM
    | 25 Comments
  • Thu, Feb. 12, 7:29 AM
    • The pound (NYSEARCA:FXE) popped more than 100 pips in minutes about two hours ago after the Bank of England's quarterly inflation report forecast inflation returning to above the 2% target level in three years.
    • Speaking at a press conference, Governor Mark Carney says the bank will look through the current slump in energy prices, making the next move in monetary policy a rate hike.
    • Europe is rallying today on a Ukraine cease-fire deal, but the FTSE (NYSEARCA:EWU) isn't participating, up just 0.1%. The pound is higher by 0.8% to $1.5349.
    • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK, QGBR
    | 1 Comment
  • Sat, Feb. 7, 2:11 PM
    • The Swiss National Bank had no option but to exit its minimum exchange rate policy as "the international environment had changed," said the head of the central bank, Thomas Jordan, citing the ECB’s new QE policy.
    • This would have put "enormous pressure on the franc" and forced the SNB to buy around 100B francs' ($108M) worth of foreign currency a month to defend the cap of 1.20 francs to the euro, he added.
    • The SNB unexpectedly scrapped its cap on the franc last month, sending the Swiss stock market plunging and pushing the franc to record highs.
    • "Economic growth will certainly be weaker than we forecast in December, and its possible we could have one or two quarters of negative quarterly growth," warned Jordan.
    • ETFs: FXF, EWL, FSZ, FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 8 Comments
  • Thu, Feb. 5, 7:59 AM
    | 9 Comments
Visit Seeking Alpha's
FXE vs. ETF Alternatives
FXE Description
CurrencyShares Euro Trust is designed to track the price of the euro net of Trust expenses, which are expected to be paid from interest earned on the deposited euros.
See more details on sponsor's website
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub