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ProShares Ultra Euro seeks daily investment results, before fees and expenses, that correspond to twice (200%) the U.S. Dollar price of the Euro.
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Tuesday, Aug 277:49 AMOil nears two and a half year high
Tuesday, Aug 277:49 AM| 4 Comments
- Moving along with the precious metals over Syrian tension is crude oil, with both WTI crude (USO) and Brent (BNO) up more than 1.6%. WTI at $107.50 per barrel is threatening to take out levels last seen in the Spring of 2011.
- The greenback is also catching a bid, moderately higher against the euro (FXE), cable (FXB), and the loonie (FXC), but sharply higher vs. the aussie (FXA). The dollar is losing a good bit of ground against the yen (FXY), and off just a bit vs. the Swiss franc (FXF).
- Dollar ETFs: UUP, UUPT, UDN, UDNT.
- Related currency ETFs: FXE, ERO, ULE, URR, EUO, DRR, EUFX, GBB, YCL, YCS, JYN.
- Oil ETFs: OIL, USO, DBO, OLO, USL, CRUD, UCO, DTO, SCO, SZO, DNO, UWTI, DWTI, BNO, UOIL, DOIL.
Wednesday, Aug 142:09 AMGerman Q2 GDP +0.7%, exceeds forecasts.
Wednesday, Aug 142:09 AM| Comment!
- German Q2 GDP +0.7% on quarter vs flat in Q1 and consensus of +0.6%.
- On year, NSA GDP +0.9% vs -1.6% and +0.3%; WDA GDP +0.5% on year vs -0.3% in Q1.
- Having spiked following French GDP, the euro receives another boost and is now +0.1%.
- German ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR; Bonds - BUNL, BUNT, BUND, GGOV.
- Eurozone ETFs - Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX. Equities: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU
Friday, Jun 218:43 AMSizable pre-open gains in stock index futures melt away with the crumbling of Greece's ruling coalition as good of an excuse as any for selling. Just like the old days: The euro (FXE) quickly slips about 70 pips and the Stoxx 50 (FEZ) drops 1%, now flat on the session. S&P 500 (SPY) futures +0.25%. |Friday, Jun 218:43 AM| 2 Comments
Thursday, Jun 610:55 AMEurope turns decidedly lower, the Stoxx 50 now off 0.8% following Mario Draghi's press conference, with markets perhaps deciding to punish his somewhat smug performance: "OMT has probably been the most successful monetary measure for some time." - a curious statement considering it doesn't yet exist and Draghi admitted the legal paperwork isn't complete. Leading to the downside is Italy (EWI), tumbling 2.3%. The euro (FXE) continues to rise, +0.7% to $1.3182. |Thursday, Jun 610:55 AM| 1 Comment
Thursday, May 1611:34 AM
Monday, May 610:44 AM
Thursday, May 29:16 AMIt 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. |Thursday, May 29:16 AM| 5 Comments
Thursday, May 29:07 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%. |Thursday, May 29:07 AM| 1 Comment
Tuesday, Apr 235:35 AMEuropean 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. |Tuesday, Apr 235:35 AM| 1 Comment
Wednesday, Apr 1710:38 AMSmoking 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." |Wednesday, Apr 1710:38 AM| 3 Comments
Wednesday, Mar 278:06 AMThe euro's (FXE) continued sharp decline - off nearly 10 big numbers since early February - has the bears feeling their oats. Guggenheim's Scott Minerd - burned badly shorting the common currency in 2011 - says he got short again at $1.34 and sees the euro going to parity with the greenback as the ECB will eventually have to buy up peripheral government debt. |Wednesday, Mar 278:06 AM| 1 Comment
Monday, Mar 255:12 AM
Monday, Mar 182:57 AMAsian shares fall sharply following news of the raid on bank deposits in Cyprus as part of the island's bailout. The planned move also sends the euro and oil lower, while the yen regains its safe-haven status. Japan -2.7%, Hong Kong -2.4%, China -1.5%, India -0.9%. Euro -1.3% vs the dollar, -1.3% vs the pound, -2.2% vs the yen and -0.6% vs the Swiss franc. The yen is also +0.9% vs the dollar. WTI -1.2%, gold +0.3%. |Monday, Mar 182:57 AM| Comment!
Sunday, Mar 177:30 PMCrisis on. S&P 500 futures -1% and the euro -1.2% as Brussels "faced with a drowning member state, instead of throwing the Cypriot people a lifebuoy, (throws) a millstone around its neck." EU leaders risk triggering bank runs in Cyprus (and elsewhere?) by going after bank depositors to fund the country's bank bailout. |Sunday, Mar 177:30 PM| 117 Comments
Thursday, Mar 78:45 AM
Tuesday, Feb 264:18 AMThe currency markets are whipsawing a bit following the Italian election, with the euro recovering smartly against the dollar after dropping sharply earlier to a seven-week low of $1.3039; it's now +0.2% at $1.3083. The euro is -0.6% vs the yen at ¥120.4015 as the Japanese currency regains somewhat of a safe haven status. |Tuesday, Feb 264:18 AM| 1 Comment