Seeking Alpha

ProShares Ultra Euro ETF (ULE)

  • Apr. 26, 2011, 10:13 AM
    FX markets yawn as Treasury Sec. Geithner defends the greenback, saying "we will never embrace a strategy to weaken the dollar ... our policy has been and will always be, as long as I will be in office, that a strong dollar is in the interest of the country."
  • Apr. 26, 2011, 9:27 AM
    ECB member Jose Gonzalez-Paramo says a Greek restructuring could cause more problems than the Lehman collapse. Commenting on monetary policy, he says the recent hike in rates was not necessarily the start of a series.
  • Apr. 26, 2011, 8:35 AM
    "We have risks of 2nd round effects ... it is extremely important to continue solidly anchoring inflation expectations," says ECB chief Trichet in a magazine interview. Euribor futures have priced in slightly more than 50 basis points of additional rate hikes in 2011.
    | Comment!
  • Apr. 26, 2011, 7:32 AM
    Its fortunes again diverging from its bailed out neighbors, Spanish bond yields are flat as its budget deficit is reported on the number at 9.2% of GDP. Markets are treating as credible Spain's plan to lower the figure to 6% in 2011. The euro shuffles a bit higher at $1.4607.
    | Comment!
  • Apr. 25, 2011, 7:24 AM
    Italy's Mario Draghi secures Nicolas Sarkozy's endorsement to be the next chief of the ECB, and now awaits the nod of Angela Merkel to make it official. Sources indicate Merkel is willing to accept a non-German as ECB President, but the Chancellor has not made her decision known.
    | Comment!
  • Apr. 24, 2011, 9:35 AM
    Portugal again revises up its 2010 budget deficit, this time to 9.1% from a previous estimate of 8.6%. This is way above the eurozone limit of 3% and even the government's target of 7.3%. The new figure is another setback as Portugal negotiates it bailout.
  • Apr. 21, 2011, 2:51 PM
    Keeping their eyes on sovereign bond markets, traders unload euros before the weekend. Greek, Irish, and Portuguese 2 year note yields all soar by about 100 basis points, Greek paper now at 23%, Ireland and Portugal about half that.
  • Apr. 21, 2011, 11:37 AM
    The Fed's Real Broad Trade-Weighted Dollar Index drops to 40 year lows. Chart readers have a look - either a trend line has been broken with the next stop zero, or the greenback has hit resistance and is due for a serious bounce.
  • Apr. 21, 2011, 8:23 AM
    The operator of the Frankfurt airport blames supply disruptions from Japan for the sharp fall in cargo volumes. Jim Leaviss posits that perhaps the strong euro is taking its toll on German growth, and creating an even bigger burden on the Euro-periphery. FXE +8.6% YTD.
    | 1 Comment
  • Apr. 21, 2011, 7:40 AM
    The pummeling of the U.S. currency continues, the greenback again solidly lower against everything. Of particular note is the aussie, which hit another new record as Foreign Minister Rudd rules out intervention to check his currency's breathtaking rise.
    | Comment!
  • Apr. 20, 2011, 9:23 AM
    Responding to queries from Greek and Portuguese legislators, ECB President Trichet reminds that the bank's mission is price stability for the entire region. "Another policy-orientation would be harmful for all (EU) countries, including the countries currently facing particular challenges."
    | Comment!
  • Apr. 20, 2011, 7:52 AM
    A full-blown risk on day sends the greenback lower against nearly everything. The euro is particularly strong, whipsawing anybody who sold it on Monday as the rising probability of a Greek default became evident. Euro +1.3% at $1.4520.
  • Apr. 20, 2011, 7:32 AM
    Italy's Mario Draghi is looking stronger in the race to replace ECB chief Jean-Claude Trichet after 2 senior German officials give him their endorsement. Draghi's ascension still requires a nod from Angela Merkel - far from assured given her domestic political difficulties.
    | Comment!
  • Apr. 20, 2011, 7:24 AM
    Spain has no issues selling €3.4B of longer term paper, with demand a bit stronger than the last auction. After widening in recent days, the gap between Spanish and German 10 year debt narrows 8 ticks to 215 basis points. Spain +1.7%.
    | Comment!
  • Apr. 19, 2011, 3:55 PM
    Greece "plainly needs restructuring" for its economy to recover, write Nicholas Economides and Roy Smith. The professors cite the example of 18 distressed countries whose swapping of debt with U.S.-backed Brady bonds helped turn things around in the 1990s. (previous)
    | 1 Comment
  • Apr. 19, 2011, 11:29 AM
    The next likely PM of Finland attempts to put the kibosh on talk of dissent from his country for Portugal's bailout. Despite a strong showing in Sunday's elections, the True Finns don't look to have the votes to block passage of an EU rescue, but have the power to cause quite a bit of horse-trading.
    | Comment!
Visit Seeking Alpha's
ULE vs. ETF Alternatives
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.
See more details on sponsor's website
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub