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CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • Thu, Jan. 8, 3:48 AM
    • European stocks are climbing higher following a strong Asian session, after yesterday's strong U.S. private sector jobs data and ECB stimulus hopes.
    • German factory orders fell by 2.4% M/M in November, far surpassing economists' expectations of a 0.7% drop, further bolstering the case for additional stimulus.
    • The euro is now $1.1808 vs. the dollar, after sinking as much as 0.7% yesterday to $1.1802, its weakest price since Jan. 2006,
    • FTSE 100 +1.3%; DAX +1.3%; CAC 40 +1.7%; Euro Stoxx 50 +1.7%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 1 Comment
  • Wed, Jan. 7, 6:41 AM
    • Pushing the ECB closer to bolder policy stimulus as it fights to revive inflation, consumer prices fell in the eurozone for the first time since 2009, contracting by 0.2% Y/Y in December.
    • The euro is now $1.1826 vs. the dollar, a fresh nine-year low.
    • Investors are also getting ready for FOMC minutes today, which will be watched closely for further signals as to when interest rates will be increased.
    • FTSE 100 +0.9%; DAX +1%; CAC 40 +1.1%; Euro Stoxx 50 +1%.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Wed, Jan. 7, 3:47 AM
    • The euro slid to a fresh nine-year low today, sinking as much as $1.1842 against the dollar, as investors braced for data today which will likely show December consumer prices in the euro zone falling for the first time in more than five years.
    • The figures could push the ECB closer to bolder policy stimulus as it fights to revive inflation.
    • Euro is now -0.2% at $1.1868.
    • FTSE 100 +0.6; DAX +0.5; CAC 40 +0.7; Euro Stoxx 50 +0.5.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Tue, Jan. 6, 5:01 AM
    • "The euro zone will look upon 2014 as a year in which recession was avoided by the narrowest of margins," announced Markit's Chris Williamson.
    • Markit's final December Composite PMI missed an earlier flash reading of 51.7, coming in at 51.4, but beat November's 16-month low of 51.1.
    • "The weakness of the PMI in December will add to calls for more aggressive central bank stimulus, including full-scale quantitative easing, to be undertaken as soon as possible," added Williamson.
    • The euro is -0.2% at $1.1908.
    • DAX -0.2; CAC 40 -0.5; Euro Stoxx 50 -0.2.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 1 Comment
  • Mon, Jan. 5, 4:29 AM
    • European stocks are mostly in the red, as fears over Greece's future in the euro zone and a fresh multi-year low for oil prices weighed on markets.
    • Investors will be watching for data this week that is forecast to show December consumer prices in Europe falling for the first time in five years, adding to the argument for Mario Draghi to extend stimulus.
    • The euro fell to $1.1861 on Sunday night, its weakest level since March 2006, as investors bet on the quantitative easing. The common currency last traded at $1.1949.
    • FTSE 100 -0.5; DAX flat; CAC 40 flat; Euro Stoxx 50 -0.2.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 5 Comments
  • Sun, Jan. 4, 5:37 PM
    • Euro drops as low as $1.1864 vs. dollar, lowest since 2006, in early overnight trading.
    • Currently trading at $1.1941, -0.6% vs. Jan. 2 close.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 7 Comments
  • Sun, Jan. 4, 4:12 PM
    • Germany wants Greece to stay in the euro zone, and there are no contingency plans to the contrary, Vice Chancellor Sigmar Gabriel says.
    • The remarks are an implicit response to an earlier report that Berlin considers "Grexit" almost unavoidable if the left-wing Syriza opposition party wins Greece's election. Syriza wants to cancel austerity measures and a chunk of Greek debt.
    • Peter Bofinger, an economic adviser to the German government, also warned against Grexit: "There would be many high risks for the stability of the euro zone with such a step. It would let a genie out of the bottle that would be hard to control."
    • Source: Reuters
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR
    | 6 Comments
  • Sun, Jan. 4, 5:15 AM
    • Both Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble believe the euro zone has implemented enough reforms since the height of the regional crisis in 2012 to make a potential Greece exit manageable, said Der Spiegel magazine on Saturday.
    • According to the report, the German government considers a Greece exit almost unavoidable if the left-wing, anti-austerity party Syriza led by Alexis Tsipras wins an election set for Jan. 25.
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR
    | 109 Comments
  • Fri, Jan. 2, 5:33 AM
    • Eurozone manufacturing PMI remained subdued in December (below a flash estimate of 50.8) at 50.6, but above November's 16-month low of 50.1.
    • "Euro zone factory activity more or less stagnated again in December," says Markit. "The weakness of factory output, combined with the subdued service sector growth signaled by the flash PMI, suggests the eurozone economy grew by just 0.1% percent in the fourth quarter."
    • France and Italy's manufacturing sector continued to shrink in December, although Germany's figure was in line with earlier flash estimates at 51.2, as more new orders helped lead a return to growth.
    • The new data is yet another sign toward Mario Draghi announcing QE at the ECB's next policy meeting.
    • Euro Stoxx 50 index is -0.2%, while the euro is -0.5% at $1.2044.
    • ETFs: FXE, VGK, EUO, FEZ, EWP, EWI, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, EUFX, UPV, ITLY, ULE, FEP, ADRU, URR, ITLT, FEEU, FIEU, DBEU
    | 1 Comment
  • Fri, Jan. 2, 3:11 AM
    • The euro is starting the new year at 29-month lows after the head of the European Central Bank fanned expectations it would take bolder steps on stimulus this month.
    • The currency sank as far as $1.2050, a level not seen since mid-2012, while the dollar notched up a near nine-year peak against a basket of major currencies following its best year since 2005.
    • The ECB council meets on Jan. 22 to decide if it will start buying sovereign debt.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, UUPT, FORX, UDNT, EUFX, USDU, ULE, URR
    | 1 Comment
  • Dec. 31, 2014, 1:57 AM
    • Lithuania is poised to become the 19th member of the eurozone at midnight tonight, following the path of other former Soviet satellite states, Latvia, Estonia and Slovakia.
    • "We don’t have to accept the pressure of being a small country with a little currency," said Valdas Adamkus, who was president of Lithuania for about a decade until 2009. "Now we are members of the eurozone."
    • ETFs: FXE, EUO, ERO, DRR, GUR, EUFX, ESR, ULE, URR
    | 3 Comments
  • Dec. 29, 2014, 3:54 AM
    • A third presidential vote in Greece today will decide whether the country goes to snap elections, possibly bringing the left-wing Syriza party to power and jeopardizing an international bailout.
    • The euro was little changed at $1.2181, after depreciating to $1.2165 on Dec. 23, the weakest level since August 2012.
    • Voting is due to start at 10:00 GMT, with the results likely around an hour later.
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR
    | 3 Comments
  • Dec. 16, 2014, 4:23 PM
    • Not much of a surprise considering Fitch downgraded France on Friday, the agency today cuts the credit rating on the European Financial Stability Fund (EFSF) to AA from AA+. The EFSF is one of the vehicles dreamt up by Eurocrats amid the debt crisis of a couple of year ago, and France is among its guarantors.
    • Previously: France credit rating cut at Fitch (Dec. 13, 2014)
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Comment!
  • Dec. 9, 2014, 8:39 AM
    • Economists expect the Swiss National Bank might have to use negative rates to reinforce its line in the sand for the euro of CHF 1.20 should the ECB move ahead with QE next year.
    • The SNB has pledged on numerous occasions to "immediately" buttress the three-year-old cap if necessary, with one possible option a charge on deposits. The central bank is holding a policy meeting this week, but though no change is forecast, some wonder whether policymakers shouldn't get out in front of any ECB change.
    • The euro (NYSEARCA:FXE) is currently pressing right down on its floor, buying 1.2023 Swiss francs (NYSEARCA:FXF).
    | Comment!
  • Dec. 5, 2014, 8:46 AM
    | 7 Comments
  • Dec. 4, 2014, 9:06 AM
    • The decision on the ECB's balance sheet target was "not unanimous," says Mario Draghi at his post-policy meeting press conference - code for the "Germans are not yet on board for full-scale QE."
    • Veterans of the EU debt crisis have seen this play before. The Germans balk, markets tank, Draghi works it a bit longer, the Germans balk some more, Draghi works it even more, the central bank eventually moves forward with additional stimulus.
    • Updated ECB staff projections: 2015 GDP growth of 1% vs. 1.6% three months ago. 2015 inflation of 0.7% vs. 1.3% three months ago.
    • We're currently in the tanking phase, with the Stoxx 50 (NYSEARCA:FEZ) now lower by 1.3%, led by Italy's (NYSEARCA:EWI2.4% and Spain's (NYSEARCA:EWP1.9% declines. Germany (NYSEARCA:EWG) is lower by 0.7%, and France (NYSEARCA:EWQby 1%.
    • The euro (NYSEARCA:FXE) surges higher, now up 0.6% at $1.2386.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, FEUZ
    • Previously: ECB stays on hold; Draghi press conference in 45 minutes
    | 8 Comments
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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.
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