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ProShares Ultra Euro ETF (ULE)

- NYSEARCA
  • Feb. 21, 2013, 7:39 AM
    Sharply lower again this morning, the euro (FXE) in February has erased nearly all of its big January gains, with today's PMI slide (to 47.3 from 48.6 in January) the latest data showing the last thing the EU economy needs is a stronger currency. The euro -0.7% and buying $1.3185.
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  • Feb. 7, 2013, 9:06 AM
    Draghi press conference (live here): The euro turns tail as Draghi talks about risks to the downside and specifically mentions the currency's strength as one of those risks. Up earlier, the euro now -0.4% and buying $1.3462. FXE -0.5% premarket. European stocks are at session highs, the Stoxx 50 +0.6%.
    | 4 Comments
  • Jan. 24, 2013, 3:34 PM
    The yen's decline is the real deal, says George Soros holding court at Davos, and it's going to make for some unhappy German exporters. The euro, he says, is the outlier currency as the ECB stands alone among the major central banks in not engaging in QE. His comments hit an already weak yen, sending the dollar higher against it by 1.8% to ¥90.20. The hedged Japan equity fund (DXJ) +2.6%.
    | 7 Comments
  • Dec. 18, 2012, 10:56 AM
    The already-approved (see Tepper) rate cut in Mario Draghi's back pocket may see the light of day soon if the euro continues its run higher. Financial implosion may be off the table, but the EU economy remains in recession, and the euro just broke out to an 8-month high of $1.3210. FXE +0.35%.
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  • Dec. 7, 2012, 7:51 AM
    More on the euro: A leak out of the ECB says a majority of the governing council support a rate cut, suggesting to be prepared for one in early January. A cut in the overnight lending rate would bring it to 0.5%, but a cut in the deposit rate would bring that into negative territory. It's a new world. The euro briefly falls below $1.29 before quickly reclaiming the level.
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  • Oct. 16, 2012, 7:58 AM
    Germany is open to a precautionary credit line for Spain, reports Bloomberg. Spain is supposedly interested in a bailout "line of credit" in which the ESM would approve but not disburse any funds until Spain draws on them - more "bazooka in pocket" stuff. The euro adds 35 pips to already solid gains, +0.8% to $1.3049.
    | 5 Comments
  • Sep. 14, 2012, 7:13 AM
    The dollar continues a big move lower following the Fed's open-ended QE announcement and Bernanke's anything it takes as long as it takes press conference. The euro +1% to $1.3116, the aussie +0.5% to $1.06 - neither of those handles have been seen for months. The loonie +0.4% to $1.0367, a 2012 high.
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  • Sep. 5, 2012, 10:09 AM
    The euro/Swiss franc cross continues a big move higher, touching CHF 1.2046 as the SNB declines to comment on speculation it is considering raising the CHF 1.20 floor. These occasional rumors are helpful to the SNB, perhaps allowing the bank to unload some of its vast stash of euros at prices higher than it bought them for.
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  • Aug. 23, 2012, 11:04 AM
    Rumors about a Spanish bailout - including ECB bond buys - aren't enough to move the needle on stocks, but do send the euro hurtling higher by nearly 50 pips. Old habits die hard. FXE +0.5%. Shares in Madrid remain lower by 1.4%.
    | 2 Comments
  • Aug. 2, 2012, 8:19 AM
    Euro shorts are getting fried following the ECB rate decision (no change) and ahead of Mario Draghi's press conference at which big things are expected. The euro +1% vs. the greenback to $1.2342. Maybe more interesting is movement higher in the euro/Swiss franc cross, now at 1.2025 after being locked at 1.2010 for months. FXE +1% premarket.
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  • Jul. 30, 2012, 3:11 AM
    Spain's preliminary Q2 GDP -0.4% Q/Q, slightly worse than the -0.3% registered in Q1. The data is in-line with expectations but the euro is under pressure, -0.45% to $1.2277.
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  • Jun. 29, 2012, 3:15 AM
    European markets rocket out of the gate as investors cheer progress on a tighter union and bank recapitalization. London +1.7%. Paris +3.0%. Frankfurt +2.4%. Madrid +4%. Euro +1.2% to $1.2592. Sterling +1% to $1.5664.
    | 19 Comments
  • Jun. 18, 2012, 4:25 AM
    European markets are still up but have given back earlier gains. London +0.1%. Paris +0.2%. Frankfurt +0.8%. Greece's ASE index has also pulled back, though it's still +5.7% following election results. Euro -0.6% to $1.2638.
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  • May 24, 2012, 9:14 AM
    "Pencil in" another LTRO announcement at the ECB's July meeting, says JPMorgan, also predicting a 25 basis point rate cut for September. The bank cites today's PMI reads as the final straw to stir the ECB to action (then why wait until September?). Something is clearly up in the currency markets, where the euro has spiked higher vs. the dollar and, more interestingly, against the Swiss franc.
    | 1 Comment
  • May 3, 2012, 8:47 AM
    The euro is erasing the bulk of substantial early losses as Draghi talks about downside risks to the economy, but reiterates the ECB's primary role: Price stability. Euro now down just a couple of pips at $1.3154.
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  • Apr. 13, 2012, 10:09 AM
    Europe touches new session lows about an hour and a half before its close for the week. Stoxx 50 -2.3%, Spain (earlier) -3.3%, Italy -2.8%, Germany -2.1%. Banco Santander (STD -3.3%), SocGen (SCGLY.PK -5.4%, Deutsche Bank (DB -3.8%), Financial ETF: EUFN -2.3%. Euro -0.7% to $1.3099.
    | 5 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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