Seeking Alpha

ProShares Ultra Euro ETF (ULE)

  • Nov. 1, 2013, 11:41 AM
    • Boosted earlier in the week by a slow European inflation print, the dollar (UUP +0.6%) continues a nice run following a (barely) hawkish Fed Wednesday, and strong regional and national manufacturing data yesterday and today.
    • The biggest move has come against the euro (FXE), where ECB rate cut hopes arise after EU annual CPI came in at just 0.7% in October vs. consensus 1.1%. Core CPI of 0.8% fell from 1% previously. Pushing $1.40 and having the bears avoiding margin clerks one week ago, the euro now is buying just $1.3485.
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR.
    • Dollar ETFs: UUPT, UDN, UDNT.
    | Comment!
  • Oct. 25, 2013, 5:38 AM
    | Comment!
  • Oct. 24, 2013, 2:44 AM
    • The euro has risen above $1.38 for the first time since November 2011 and is +0.4% at $1.3817, with the dollar continuing to be dragged down by expectations that the Fed will delay tapering its QE program until next year.
    • The U.S. dollar index is -0.2%.
    | Comment!
  • Oct. 2, 2013, 8:52 AM
    • Euro area growth risks remain on the downside, says Mario Draghi at his press conference (webcast) following the ECB decision to leave policy unchanged. The most recent signs points to a somewhat weaker economy in Q3, he adds.
    • In other comments, Draghi says there was a discussion of a rate cut and gives a nod towards a euro acting somewhat strong of late, saying the exchange rate is important for the growth outlook. He says he's "closely monitoring."
    • For whatever reason, the euro (FXE) moves higher as the press conference moves on, now +0.3% at $1.3570.
    • Other euro ETFs: ERO, ULE, URR, EUO, DRR, EUFX.
    | Comment!
  • Aug. 28, 2013, 7:38 AM
    | 1 Comment
  • Aug. 27, 2013, 7:49 AM
  • Aug. 14, 2013, 2:09 AM
    | Comment!
  • Jun. 21, 2013, 8:43 AM
    Sizable 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%.
  • Jun. 6, 2013, 10:55 AM
    Europe 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.
    | 1 Comment
  • May 16, 2013, 11:34 AM
    The euro tumbles about 30 pips as European Industry Commissioner Antonio Tajani tabs the currency as too strong and calls on the ECB to manage its level to better-help exports. FXE now up just 0.1%.
    | Comment!
  • May 6, 2013, 10:44 AM
    The euro (FXE -0.4%) tumbles as Mario Draghi - in prepared remarks in Rome - says the ECB is ready to act again in coming weeks. The comments are not a whole lot different than what he said post-rate cut at his press conference last Thursday.
    | 1 Comment
  • May 2, 2013, 9:16 AM
    It 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.
  • May 2, 2013, 9:07 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%.
    | 1 Comment
  • Apr. 23, 2013, 5:35 AM
    European 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.
    | 1 Comment
  • Apr. 17, 2013, 10:38 AM
    Smoking 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."
  • Mar. 27, 2013, 8:06 AM
    The 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.
    | 1 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