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ProShares Ultra Euro ETF (ULE)

- 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!
  • 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!
  • 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, 7:40 AM
    | 25 Comments
  • 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
  • Thu, Feb. 5, 3:59 AM
    • European equities are heading south after the ECB put more pressure on Greece by revoking a waiver that allowed banks to use Greek government debt as collateral for loans.
    • "It is currently not possible to assume a successful conclusion" of Greece’s current bailout, the ECB said late Wednesday, just hours after its president, Mario Draghi, met with Greek finance minister Yanis Varoufakis.
    • The euro fell close to a fresh 11-year low immediately after the ECB’s announcement, and remained under pressure today despite clawing back some of those losses. One euro currently buys $1.1373.
    • FTSE 100 -0.5%; DAX -0.3%; CAC 40 -0.6%; Euro Stoxx 50 -0.8%.
    • ETFs: FXE, EUO, GREK, ERO, DRR, EUFX, ULE, URR
    | 9 Comments
  • Wed, Feb. 4, 4:01 PM
    • Unable to divine the fate of Greece's bailout program, the ECB earlier withdrew a waiver which had allowed the use of Greek government paper as collateral for borrowing despite its low credit rating.
    • Alongside a drop in U.S. stocks, the euro (NYSEARCA:FXE) has given up about 40 pips in minutes, now lower by 0.8% on the session at $1.1386.
    • European markets are closed, but the Stoxx 50 ETF (FEZ -2.1%) - trading in New York - takes a tumble. Others of note: Spain (EWP -2.7%), Italy (EWI -2.6%), France (EWQ -1.8%), Germany (EWG -1.6%), U.K. (EWU -0.9%).
    • Broad European ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, SBEU, DBEZ, FEUZ
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 7 Comments
  • Mon, Jan. 26, 11:39 AM
    • The Athens Stock Exchange General Index is down 3.2% and the FTSE/Athens Stock Exchange Large Cap Index off 5.6%, after the hard-left Syriza party comes to power in Greece.
    • Trading here, the Greece ETF (GREK -4.6%) and the National Bank of Greece (NBG -8.3%).
    • The rest of Europe, however, continues to enjoy the ECB's QE program, and the Stoxx 50 (NYSEARCA:FEZ) is higher by 0.9%, led by Italy (NYSEARCA:EWI) and Spain (NYSEARCA:EWP) each up 1.15%.
    • The euro (NYSEARCA:FXE) sunk below $1.11 in knee-jerk trade last night, but has reversed to $1.1278, up 0.7% on the session.
    • Meanwhile, European officials - led by Germany's Angela Merkel - move quickly to shoot down any idea of relaxed terms on Greece's bailout. On their mind, no doubt, is the striking success of Syriza yesterday possibly energizing other anti-austerity, left-wing movements elsewhere on the continent. The eurocrats don't want to give the idea that eased bailout conditions await new governments.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    | 11 Comments
  • Sun, Jan. 25, 8:43 PM
    • S&P 500 (NYSEARCA:SPY) futures are down 0.65%, DJIA (NYSEARCA:DIAby 0.7%, and Nasdaq 100 (NASDAQ:QQQby 0.6% as the left-wing, anti-austerity Syriza party takes power in Greece. Looking like it's going to wind up with about half the seats in parliament, Syriza has just cut a deal with the small, right-wing Independent Greeks party to form a coalition government.
    • The two share little in common except for opposition of the austerity measures imposed on Greece by the Troika.
    • German Dax (NYSEARCA:EWG) futures are lower by 0.9%, France (NYSEARCA:EWQby 0.8%, and the U.K. (NYSEARCA:EWUby 0.6%.
    • The euro (NYSEARCA:FXE) sunk to as low as $1.1099 in early trade this evening, but is currently off just 0.3% to $1.1171.
    • European and euro ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Greek ETF: GREK
    • Previously: Anti-austerity Syriza set to sweep Greek elections (Jan. 25)
    | 44 Comments
  • Fri, Jan. 23, 7:38 AM
    • So much for efficient markets. The whole world knew for some time of the ECB's plan to launch QE yesterday, and thus had plenty of time to get rid of its euros (as the Swiss did a week ago). Nevertheless, the decline in the common currency has picked up steam since the announcement on Thursday, now off more than 400 pips in 24 hours.
    • At last check it's lower by 1.8% on today's session to $1.1170.
    • FXE -1.8% premarket
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Not complaining are European multinationals, and the Stoxx 50 (NYSEARCA:FEZ) is rallying hard for a 2nd day, now up 2.5% on the session.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    | Comment!
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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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