Seeking Alpha
 

CurrencyShares Euro Trust ETF (FXE)

- NYSEARCA
  • 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
  • Nov. 21, 2014, 7:27 AM
    | 10 Comments
  • Nov. 13, 2014, 7:53 AM
    • Already at multi-year lows, the euro is snoozing through the ECB's revised economic outlook for the EU, with both inflation and real GDP growth expectations notched lower. Though the survey suggests outright deflation as having a low probability, the chance of inflation remaining below 1% in 2015 is greater than 50%.
    • "The survey adds to the pressure on the ECB for additional monetary easing, possibly in the form of full-blown QE," says BNP Paribas economist Luigi Speranza. "We continue to expect such a move to be announced as early as December."
    • The euro +0.2% and buying $1.2460.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • European shares are mixed, with the Stoxx 50 (NYSEARCA:FEZ) currently ahead by 0.25%.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, ADRU, EURL, FEEU, DBEU, EURZ, IEUR, FIEU, HEZU, FEUZ, ESTX
    | 1 Comment
  • Nov. 6, 2014, 8:43 AM
    • ECB officials are unanimous on providing more stimulus if needed, says Mario Draghi early in his post-policy meeting press conference, attempting to put to bed rumors of major disagreements among his crew.
    • The comment is enough to send the euro (NYSEARCA:FXE) tumbling more than 100 pips in the space of a couple minutes to more than a two-year low at $1.2431.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Previously: Policy on hold at ECB
    • Previously: Knives out for Draghi
    | 2 Comments
  • Nov. 5, 2014, 7:38 AM
    • The greenback is well-bid following the GOP victory overnight, with the dollar index higher by 0.6% (a fairly sizable move for this product).
    • UUP +0.65% premarket.
    • Dollar ETFs: UUP, UDN, FORX, UUPT, UDNT, USDU
    • The euro (NYSEARCA:FXE) is lower by 0.5% vs. the dollar; the pound (NYSEARCA:FXBby 0.6%; the yen (NYSEARCA:FXYby 1%; the Swiss franc (NYSEARCA:FXFby 0.5%, the aussie by 1.4%, and the loonie by 0.3%.
    • On the flip side, precious metals continue to tumble, with gold (-2.3%) and silver (-4.7%) at more than four-year lows.
    | 1 Comment
  • Nov. 3, 2014, 4:11 AM
    • Eurozone manufacturing PMI edged up to 50.6 (flash 50.7) in October from 50.3 in September as growth in Germany, Spain, the Netherlands and Ireland offset contraction in France, Italy and elsewhere.
    • The factory sector is struggling "to recover the traction lost following its mid-year slowdown," says Markit. "Manufacturing is therefore unlikely to provide any meaningful boost to the currency union’s anaemic GDP growth."
    • Markit is particularly concerned by a second successive fall in new orders, "a key bellwether of future output growth."
    • The euro is -0.2% at $1.2498. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EU, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, EURL, FEEU, EURZ, DBEU, IEUR, FIEU, ESTX, FEUZ, HEZU
    | Comment!
  • Oct. 29, 2014, 2:30 PM
    • While the statement - an end to QE, retention of the "considerable time" language, chatter about improving employment -wasn't much a surprise, the fact that the dissent came from the dove camp suggests perhaps there was a bit more hawkishness in the conference room than past meetings.
    • In any case, while stocks and longer-dated rates have a relatively subdued reaction, money is moving into the greenback (UUP +0.7%), with the euro (FXE -0.7%), yen (FXY -0.7%), pound (FXB -0.2%), Swiss franc (FXF -0.6%), loonie (FXC -0.4%), and aussie (FXA -0.6%) all considerably lower than they were 30 minutes ago.
    • ETFs: FXE, UUP, FXY, EUO, FXA, YCS, UDN, ERO, JYN, DRR, CROC, FORX, UUPT, UDNT, YCL, EUFX, ULE, USDU, URR, GDAY
    • Previously: QE ends, "considerable time" language stays for now
    | Comment!
  • Oct. 27, 2014, 5:12 AM
    • The German Ifo institute's business-climate index has dropped for the sixth month, slipping to 103.2 in October from 104.7 in September and missing consensus of 104.3.
    • The current-situation reading declined to 108.4 from 110.5 and undershot forecasts of 110, while the expectations print fell to 98.3 from 99.3 and vs estimates of 98.9.
    • The euro shows little reaction and is +0.2% at $1.2697, while the DAX is -0.1%.
    • CESifo Web site
    • ETFs: FXE, EUO, EWG, ERO, EU, DRR, GUR, ESR, EUFX, EWGS, ULE, DBGR, BUNL, URR, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG, DAX
    | Comment!
  • Oct. 22, 2014, 3:40 AM
    • The euro flirted with one-week lows today following reports that the ECB is considering buying corporate bonds on the secondary market, expanding upon its private-sector asset-buying program which it began on Monday.
    • The euro briefly fell to $1.2706 its lowest level since Thursday and last stood at $1.2715.
    • U.S. CPI data due at 8:30 p.m. ET is expected to reveal a flat annual core CPI inflation at 1.7% in September, but a softer reading could undermine the dollar by adding to speculation that the Fed could wait longer before raising rates.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, FORX, UUPT, UDNT, EUFX, ULE, USDU, URR
    | Comment!
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