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ProShares Ultra Euro ETF (ULE)

- NYSEARCA
  • Yesterday, 8:42 AM
    | Yesterday, 8:42 AM | 13 Comments
  • Mon, Aug. 31, 6:22 AM
    • The eurozone's inflation rate held steady in August, highlighting the challenge European Central Bank policymakers face as they seek to revive consumer-price growth.
    • Annual inflation came in at 0.2%, exceeding the median forecast for a reading of 0.1%, while core inflation held at 1%.
    • The latest figures are a far cry from the 2% target set by the ECB and are likely to provide further impetus for the bank to continue its €1T ($1.1T) asset purchasing program.
    • Euro +0.2% to $1.1206, while European shares are on track for their worst month in four years: Paris -0.8%; Frankfurt -0.7%; Euro Stoxx 50 -0.7%
    • .ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Aug. 31, 6:22 AM | Comment!
  • Wed, Aug. 26, 8:50 AM
    • ECB Governing Council member Peter Praet earlier said the crash in commodity prices and slowdown in overseas economies put the central bank at risk of missing its inflation target on the downside. "There should be no ambiguity on the willingness and ability of the governing council to act if needed."
    • The euro (NYSEARCA:FXE) is lower by 1% to 1.1370. The dollar index (NYSEARCA:UUP) is ahead by 1%.
    • ETFs: FXE, UUP, EUO, UDN, ERO, DRR, FORX, USDU, EUFX, ULE, URR
    | Wed, Aug. 26, 8:50 AM | 2 Comments
  • Wed, Aug. 12, 7:25 AM
    • China was forced to intervene to support the tumbling yuan overnight, and at day's end set Wednesday's reference rate for the currency based on its closing level today. In the past, Beijing had ignored market moves and set the reference rate higher on days when markets sold it lower.
    • Last night's move is thus - more or less - a 2nd devaluation of the currency (really a freeing up of the currency). The yuan is now lower by 2.8% since Monday's close.
    • The bottom line is that Europe now has competition in the weak currency business - something its shaky economy probably doesn't need at the moment.
    • The Stoxx 50 (NYSEARCA:FEZ) is lower by 2.3%, bringing its losses for the week to about 4%. Germany (NYSEARCA:EWG) is down 2.4%, France (NYSEARCA:EWQ2.3%, Spain (NYSEARCA:EWP1.6%, Italy (NYSEARCA:EWI2%, and the U.K. 1.2%.
    • The euro (NYSEARCA:FXE) is up 1% vs. the dollar to $1.1151.
    • ETFs: FXE, VGK, EUO, FEZ, HEDJ, ERO, IEV, EPV, EZU, DRR, FEU, EEA, EUFX, EURL, ULE, FEP, UPV, DBEU, URR, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU, HGEU, HFEZ
    | Wed, Aug. 12, 7:25 AM | 12 Comments
  • Mon, Jul. 13, 5:22 AM
    • The eurozone and Greece have agreed in principle to a third bailout that will keep the beleagured country in the eurozone, for now.
    • Greece has secured debt restructuring and medium-term financing in a growth package worth €35B.
    • Greece has capitulated to German demands to put €50B of state assets in a trust fund so that they can be sold off and the proceeds used to repay debt.
    • The government of left-wing Prime Minister Alexis Tsipras will also have to convince the Greek parliament to pass six austerity measures, including spending cuts, tax hikes and pension reforms. Only then can detailed negotiations begin.
    • It's going to be tough for Tsipras, especially with his own labor minister already denouncing the deal and with the resounding "no" vote in the recent referendum.
    • Donald Tusk's pun that "we have an agreekment" sums up how tortuous the past few years have been.
    • Previous
    • ETFs: FXE, EUO, GREK, ERO, EU, DRR, EUFX, ULE, URR
    | Mon, Jul. 13, 5:22 AM | 35 Comments
  • Mon, Jul. 13, 3:18 AM
    • "EuroSummit has unanimously reached agreement (on Greece)," tweets the media team of EU Council President Donald Tusk: "All ready to go for ESM programme for #Greece with serious reforms & financial support."
    • However, details have yet to emerge. One wag - Nick Malkoutzis, Deputy editor of Greek daily Kathimerini English Edition - tweets: "What if he means they've agreed on what to have for breakfast?"
    • More seriously, the WSJ's Charles Forelle warns: "Remember 1.) Privatization was an early Syriza red line. 2.) €50B was proposed in 2011 and proved laughable."
    • The euro jumps with delight before coming back down to earth and is -0.1% at $1.1152, while in the stock markets, London is +1.4%, Paris +3.1% and Frankfurt +2.9%.
    • ETFs: FXE, EUO, GREK, ERO, EU, DRR, EUFX, ULE, URR
    | Mon, Jul. 13, 3:18 AM | 60 Comments
  • Mon, Jul. 6, 3:54 AM
    • Traders were greeted with a sea of red on Monday after 61% of Greeks voted 'No' in a referendum asking them to accept an international creditor proposal that would have included more austerity reforms.
    • A couple of emergency meetings are now in the works, including an ECB gathering to discuss emergency liquidity assistance and a meeting between Angela Merkel and Francois Hollande that will review the eurozone's response to the vote.
    • Meanwhile, Greek Finance Minister Yanis Varoufakis has indicated that he is stepping down from his post due to heavy pressure from Greece's European partners.
    • Europe: London -0.7%. Paris -1.5%. Frankfurt -1.2%. Euro Stoxx 50 -1.6%.
    • Euro -0.8% to $1.1027. ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • U.S. Futures: Dow -0.7%. S&P -0.6%. Nasdaq -0.7%.
    • Asia: Nikkei -2.1%; Shanghai +2.4%; Hang Seng -3.3%; BSE Sensex -0.7%
    • GREK -18.8% premarket
    | Mon, Jul. 6, 3:54 AM | 35 Comments
  • Tue, Jun. 30, 6:20 AM
    • Inflation in the eurozone eased in June, highlighting that the region remains vulnerable to deflation pressures.
    • The eurozone consumer price index rose 0.2% in June from a year earlier, after rising 0.3% in May, while the core annual rate dropped to 0.8% from 0.9%.
    • A pick-up in inflation last month had boosted hopes that price pressures were returning to the region after it tumbled into deflation earlier this year.
    • Euro -0.4% to $1.1192.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Tue, Jun. 30, 6:20 AM | Comment!
  • Mon, Jun. 29, 8:25 AM
    • The euro (NYSEARCA:FXE) knee-jerked lower by 1.5% on Sunday night after Greece shut its banks and stock market, and imposed capital controls, but has now recouped nearly all of that decline.
    • Other asset markets - namely stocks and interest rates - are showing no such reversal.
    • Behind the move in the euro is the Swiss National Bank intervening to prevent appreciation of the franc (NYSEARCA:FXF), which is now just marginally higher on the session.
    • “It is currently a very difficult situation and we are observing developments very closely,” says SNB cheif Thomas Jordon, speaking at a conference. He declined to give details about the size of the bank's intervention, the first such move since the SNB in January threw in the towel on its floor on euro/franc.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Jun. 29, 8:25 AM | 5 Comments
  • Mon, Jun. 29, 5:33 AM
    • The Swiss National Bank intervened in foreign exchange markets over the weekend in an effort to hold down the franc's rise amid uncertainty over Greece's future.
    • "We have always said that we are active in the foreign exchange market if necessary," SNB Chairman Thomas Jordan said at a finance event in Bern, Switzerland.
    • A Greek default would likely spark massive safe-haven flows into the Swiss currency and spur the SNB into action.
    • Euro is -0.4% to ₣1.0387.
    • ETFs: FXE, EUO, FXF, ERO, DRR, EUFX, ULE, URR
    | Mon, Jun. 29, 5:33 AM | 1 Comment
  • Sun, Jun. 28, 6:41 PM
    • Following today's news on Greece, and with emergency aid to the country frozen, the euro has slipped 1.4%.
    • Major stock futures are also off 1.5%; Dow futures are down 271 points, while S&P 500 futures are off 35. Nikkei futures are off 500 points. 30-year bonds +2.5%.  Crude -1.5%. Nasdaq -1.6%.
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR, DIA, DOG, DXD, UDOW, SDOW, DDM, UDPIX
    | Sun, Jun. 28, 6:41 PM | 93 Comments
  • Fri, Jun. 12, 5:09 AM
    • Bund yields fell again today as investors rediscovered the safe-haven appeal of German debt after the IMF walked out of Greek negotiations.
    • "It's a reaction to the IMF withdrawal...a classic risk-off pattern," said Christian Lenk, a strategist at DZ Bank. "No-one really knows what's going on there. The poker game continues."
    • Ten-year Bund yields, which set the standard for euro zone borrowing costs, fell 4 bps on the day to 0.86%. The euro is also down on the news, tumbling 0.9% to $1.1162.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR, BUNL, BUNT, GGOV
    | Fri, Jun. 12, 5:09 AM | 1 Comment
  • Wed, Jun. 3, 9:04 AM
    • Apparently they've got whisper numbers at the ECB as Mario Draghi says Europe's economic recovery is on track with the bank's projections, but that the bank was hoping for something stronger than its forecasts.
    • Webcast
    • As for the recent strong read on core CPI, Draghi says the ECB is more concerned with trends and will look through near-term fluctuations. The bank did hike its 2015 inflation forecast to 0.3% from flat, but 2016 is unchanged at 1.5% and 2017 is unchanged at 1.8%.
    • The GDP growth outlook for 2015 and 2016 is unchanged at 1.5% and 1.9%, respectively, while 2017 is trimmed to 2% from 2.1% (there's that economist sense of humor).
    • The euro (NYSEARCA:FXE) is active, but currently lower by just 0.2% to $1.1135.
    • European stocks (NYSEARCA:FEZ) have added to earlier gains, with Germany (NYSEARCA:EWG) and France (NYSEARCA:EWQ) leading the way, both ahead by 1.35%.
    • Previously: ECB leaves policy on hold (June 3)
    • ETFs: FXE, VGK, EUO, FEZ, HEDJ, ERO, IEV, EPV, EZU, DRR, FEU, EEA, EUFX, EURL, ULE, FEP, UPV, DBEU, URR, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU
    | Wed, Jun. 3, 9:04 AM | 4 Comments
  • Tue, Jun. 2, 6:17 AM
    • Euro-area consumer prices rose for the first time in six months in May, suggesting that the ECB's trillion-euro stimulus program has brought rapid results.
    • Following a flat reading in April, eurozone inflation rose 0.3% last month, while core prices (excluding energy and unprocessed food) climbed 0.9%, accelerating from 0.7% in April.
    • The ECB's governing council will meet in Frankfurt later this afternoon to discuss monetary policy.
    • Euro +0.9% to $1.1026.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Tue, Jun. 2, 6:17 AM | 2 Comments
  • Mon, Jun. 1, 4:54 AM
    • The euro tumbled today after Greece missed a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and exit from the euro zone.
    • The chances for a deal aren't looking any better after Alexis Tsipras' comments on Sunday. Yesterday, the prime minister accused bailout monitors of making "absurd" demands and seeking to impose "harsh punishment" on Athens.
    • Greece is due to repay a €300M loan to the IMF on Friday and three additional payments, totaling about €1.25B, later in June.
    • The euro is -0.8% to $1.0898.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Mon, Jun. 1, 4:54 AM | 5 Comments
  • Tue, May 19, 5:22 AM
    • Aside from Greek worries, the euro tumbled the most in two months against the dollar today after ECB Executive Board member Benoit Coeure declared that the central bank would increase purchases under its QE program (from €60B in May and June) before an expected period of low liquidity in the summer.
    • Stocks in Europe climbed higher following the announcement of the bond buying plan, soaring to fresh three-week highs.
    • FTSE 100 +0.3%; DAX +1.7%; CAC 40 +1.8%; Euro Stoxx 50 +1.8%.
    • The euro is -1% to $1.1209.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Previously: Euro plunges as Greek talks drag on (May. 19 2015)
    | Tue, May 19, 5:22 AM | 12 Comments
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ULE Description
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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