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ProShares Ultra Euro ETF (ULE)

- NYSEARCA
  • 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
    | Nov. 6, 2014, 8:43 AM | 2 Comments
  • 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
    | Oct. 29, 2014, 2:30 PM | Comment!
  • Oct. 21, 2014, 8:01 AM
    • Pushing Europe to a sizable rally and sending the euro lower, Reuters says the ECB could decide as soon as this year to begin buying corporate bonds on the secondary market. The move would be an expansion of the ABS buying program launched this week.
    • "The pressure in this direction is high," says Reuters' source.
    • The Stoxx 50 (NYSEARCA:FEZ) is up 1.1% and the euro (NYSEARCA:FXE) lower by about 100 pips since the news, now down 0.3% at $1.2765.
    • Board Europe equity ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, ADRU, FEEU, EURL, DBEU, EURZ, IEUR, FIEU, HEZU, ESTX
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Oct. 21, 2014, 8:01 AM | 15 Comments
  • Oct. 17, 2014, 5:38 AM
    • The ECB will start buying asset-backed securities and covered bonds "within the next few days" as part of its new program, Executive Board member Benoit Coeure has said.
    • "The objective (is) to steer the balance sheet toward higher levels and improve transmission to the real economy," Coeure said, speaking at a conference in Riga in Latvia.
    • He also called for reforms to help boost the eurozone economy. "Talking vaguely about structural reforms, but not doing them, is the worst of all worlds," Coeure said.
    • As you'd expect, Deutsche Bank President Jens Weidmann has reiterated his opposition to ABS purchases and said that they are problematic, particularly if it means a transfer of risk from banks to the ECB. Weidmann is in Riga as well.
    • Meanwhile, ECB governing-council member Ewald Nowotny has said that the bank may have to cut its 2015 eurozone GDP forecast from 1.6%.
    • The euro is +0.05% at $1.2816, while Italian 10-year yields are -4 bps at 2.51%, although they're still sharply higher for the week. German 10-year Bunds are +3 bps at 0.85% after touching fresh record lows this week, while France is +4 bps at 1.29% and Spain is -3 bps at 2.18%.
    • ETFs: FXE, EUO, ERO, EU, DRR, EUFX, ULE, URR
    | Oct. 17, 2014, 5:38 AM | 3 Comments
  • Oct. 14, 2014, 5:21 AM
    • The German ZEW survey of investor confidence has unexpectedly dropped into negative territory for the first time in almost two years, tumbling to -3.6 in October from 6.9 in September and missing expectations of 1.
    • The current situation print has slumped to 3.2 from 25.4, falling short of consensus of 18.
    • Sentiment for the eurozone plunged to 4.1 from 14.2 and missed forecasts of 7.1.
    • "Geopolitical tensions and the weak economic development in some parts of the Eurozone, which is falling short of previous expectations, are a source of persistent uncertainty," says ZEW President Professor Clemens Fuest. "These factors are tarnishing growth expectations in Germany. Disappointing figures concerning incoming orders, industrial production, and foreign trade have likely contributed to the growing pessimism among financial market experts." (PR)
    • The DAX is -0.5% and the euro is -0.8% at $1.2653.
    • European ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EU, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, IEUR, FIEU, ESTX, HEZU
    • German ETFs: EWG, EWGS, DBGR, BUNL, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG
    | Oct. 14, 2014, 5:21 AM | 2 Comments
  • Sep. 25, 2014, 6:42 AM
    • The ECB chief reiterates his pledge to "use additional unconventional instruments" to combat too-low inflation, with "unconventional" widely assumed to be code for QE.
    • Draghi's comments came after yesterday's PMI report showed the gauge slipping to its lowest level of the year (but still in expansion territory).
    • The euro slipped below $1.27 earlier in the session, and is currently -0.5% at $1.2717.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Sep. 25, 2014, 6:42 AM | Comment!
  • Sep. 4, 2014, 8:46 AM
    • The ECB cut its growth forecast for the EU for 2014 and 2015, says Mario Draghi at his post-meeting press conference, but raised its outlook for 2016. Inflation is seen at lower-than-expected levels in the coming months before increasing gradually in 2016.
    • The central bank, says Draghi, will start to purchase a broad portfolio of euro-denominated covered bonds and also begin to buy ABS, with further details coming in October. It sounds like the Germans are on board: "Should it become necessary, the Governing Council is unanimous in using additional measures."
    • The Stoxx 50 is now higher by 1.5% and the euro lower by 1% to $1.3015.
    • ETFs: FXE, VGK, EUO, EWG, FEZ, EWP, ERO, IEV, HEDJ, EPV, EZU, EWQ, DRR, FEU, FEP, UPV, EUFX, ULE, DBGR, ADRU, DXGE, FEEU, URR, EURL, FGM, EURZ, DBEU, QDEU, IEUR, FIEU, HEWG, QESP
    • Previously: Euro tumbles, stocks gain as ECB cuts rates
    | Sep. 4, 2014, 8:46 AM | 10 Comments
  • Sep. 4, 2014, 7:56 AM
    | Sep. 4, 2014, 7:56 AM | Comment!
  • Jun. 5, 2014, 8:42 AM
    | Jun. 5, 2014, 8:42 AM | 31 Comments
  • May 13, 2014, 7:11 AM
    • Germany's Bundesbank is willing to support significant ECB stimulus if the latter's inflation forecasts for the period through 2016 are lowered, the WSJ reports.
    • Measures could include a negative rate on bank deposits and purchases of packaged bank loans as the Bundesbank lends its weight to the battle to stop low inflation becoming permanent and even becoming deflation. However, the bank is still resistant to large-scale purchases of public and private debt.
    • Still, the Bundesbank's readiness to counter stimulus marks a departure from its traditionally strong opposition to such action.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, EU, EPV, EZU, HEDJ, DRR, FEU, FEP, UPV, EUFX, ULE, ADRU, FEEU, URR, EURL, EURZ, FIEU, DBEU
    | May 13, 2014, 7:11 AM | Comment!
  • May 8, 2014, 9:37 AM
    • The euro slides from its highest level in two years after ECB President Draghi - speaking at the post-policy meeting press conference - says board members are comfortable taking additional policy action in June if necessary.
    • Nearly touching $1.40 to the dollar following the ECB standing pat at this month's meeting earlier today, the euro has tumbled back to $1.3890.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | May 8, 2014, 9:37 AM | Comment!
  • Apr. 23, 2014, 4:17 AM
    • Eurozone flash manufacturing PMI has increased to 53.3 in April from 53 in March and topped consensus that was also 53.
    • Services has risen to a 34-month high of 53.1 from 52.2 and vs 52.4.
    • Composite output has climbed to a 35-month high of 54 from 53.1 and vs 53.1.
    • Manufacturing output has increased to 56.5 from 55.6.
    • The growth was led by Germany, while France stabilized.
    • The data indicates that eurozone GDP is on course to rise 0.5% in Q2 following 0.4% growth in Q1.
    • The bloc experienced a return to job creation, says Markit, suggesting that companies believe "that the recovery has legs and is looking increasingly sustainable." However, Markit warns of "growing fears that deflationary pressures are intensifying."
    • The euro rises further, having gained a boost from German PMI, and is +0.25% at $1.3839. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, EU, EPV, EZU, HEDJ, DRR, FEU, FEP, UPV, EUFX, ULE, ADRU, FEEU, URR, EURL, EURZ, DBEU, FIEU
    | Apr. 23, 2014, 4:17 AM | 1 Comment
  • Apr. 3, 2014, 8:04 AM
    • The euro pops 30 pips higher with the ECB leaving policy on hold following plenty of chatter leading up to today's meeting suggesting further stimulus was coming. After the big move up, the euro is flat on the session and buying $1.3775.
    • ECB chief Mario Draghi's press conference beings at 8:30 ET.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Apr. 3, 2014, 8:04 AM | Comment!
  • Mar. 24, 2014, 4:42 AM
    • German flash manufacturing PMI has dropped to 53.8 in March from 54.8 in February and missed consensus of 54.7.
    • Services fell to 54 from 55.9 and vs 55.8.
    • Manufacturing output declined to 57 from 57.4.
    • Composite output dropped to 55 from 56.4.
    • Staffing rose for a fifth straight month, although "the increase was largely driven by hiring efforts at service providers," says Markit, "while manufacturing firms only reported a fractional rise in workforce numbers."
    • Still, the data points to GDP growth of up to 0.7% in Q1, Markit says.
    • The euro comes back down after jumping a bit following the French PMI and is flat at $1.3795. The DAX is -0.45%. (PR)
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, BUND, FEP, EUFX, UPV, ULE, DBGR, DXGE, BUNL, ADRU, URR, FEEU, FGM, GGOV, EURL, BUNT, EURZ, DBEU, FIEU, HEWG
    | Mar. 24, 2014, 4:42 AM | 1 Comment
  • Mar. 24, 2014, 4:11 AM
    • French flash manufacturing PMI has climbed to a 33-month high of 51.9 in March from 49.7 in February and topped consensus of 49.8.
    • Services rose to 51.4 from 47.2 and vs 47.9.
    • Manufacturing output grew to 52.8 from 50.8.
    • Composite output increased to 51.6 from 47.9.
    • "Improving conditions both at home and abroad were reported to have contributed to expansion, although there was further evidence that price discounting had been necessary to support sales," says Markit.
    • The euro takes a jump and is +0.2% at $1.3822, while the CAC 40 (EWQ) is -0.2%. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, FIEU
    | Mar. 24, 2014, 4:11 AM | Comment!
  • Mar. 19, 2014, 3:39 PM
    | Mar. 19, 2014, 3:39 PM | 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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