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ProShares Ultra Euro ETF (ULE)

  • 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.
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  • 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.
  • Mar. 13, 2012, 6:57 AM
    European shares, particularly Germany, move to new session highs following the big jump in economic sentiment. Stoxx 50 +1.1%, Germany +1.1%. Curiously for what has been a "risk" asset, the euro moves to session lows, -0.4% at $1.3110.
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  • Mar. 9, 2012, 9:07 AM
    The dollar is moving sharply higher against most major currencies following the jobs report. It's the opposite of recent market action where, perversely, strong U.S. economic news saw the greenback drop as money moved into "risk" assets, of which the euro, the pound, and the aussie are now thought of. The euro -1.1%, pound -0.7%, aussie -0.4%, yen -1.1%. UUP +0.8% premarket.
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  • Mar. 8, 2012, 9:34 AM
    The euro sheds a chunk of the day's gains as Draghi's press conference - which can be best described as a victory lap by a man who feels he has won a big battle, if not the war - moves towards conclusion. European shares remain solidly higher, Stoxx 50 +1.4%. Euro +0.6% at $1.3233.
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  • Feb. 29, 2012, 10:17 AM
    The euro goes into a tailspin on the release of the Bernanke testimony, diving about 50 pips and now down 0.4% on the day at $1.3403. It's a curious move given the lack of news in the Chairman's report, and even more curious considering the ECB conjuring up €529.5B earlier had little effect on the currency.
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  • Feb. 2, 2012, 7:15 AM
    The euro has its legs taken out as Eurogroup head Juncker says the Greek debt restructuring talks are "ultra-difficult," either sending a signal that another day will pass with no deal, or teeing up the shorts to get slammed later. Euro -0.5% at $1.3095. European shares: Stoxx 50 -0.2%, Germany flat.
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  • Jan. 31, 2012, 11:04 AM
    Traders are testing the will of the SNB, driving the euro/franc exchange rate to CHF 1.2037, the lowest level since the bank set a CHF 1.20 floor on the pair last fall. Since that bombshell move, the euro has mostly traded above 1.20 as punters waited for the SNB to raise the floor even higher. With Hildebrand's ouster, 1.20 may look challengeable.
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  • Jan. 23, 2012, 6:47 AM
    A sharp rally in the euro over the last hour has brought the currency back to the $1.30 level for the first time since the thin opening sessions of the year. FXE +0.4% premarket. Euro buying $1.3006. European stocks jump as well, Stoxx 50 +0.9%.
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  • Jan. 17, 2012, 9:34 AM
    The euro dives from the day's highs as a couple of comments hit the tape. Dutch finmin Jan Kees de Jager says no more aid should go to Greece if its debt is unsustainable, and it's up to the IMF to decide such. Meantime, Swiss economy minister Schneider muses about a eurozone with Germany, the Netherlands, and France.
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  • Jan. 13, 2012, 10:12 AM
    Stocks and the euro take a new leg down on chatter negotiators are losing confidence a restructuring deal can be worked out for Greece's debt. As a reminder, Greece awaits an €89B bailout tranche, without which it will faces an imminent hard default. The IMF/EU has said it will not release that tranche unless a restructuring deal has been sealed. The euro hits a new multi-year low at $1.2649.
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  • Jan. 13, 2012, 9:17 AM
    Reuters adds to the rumors, saying its senior eurozone sources expect several downgrades of EU countries today, but Germany isn't one of them. Stoxx 50 now -0.6%, euro -0.9% at $1.2694 (a few hours ago, it was set to rise above $1.29).
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  • Jan. 13, 2012, 9:00 AM
    Already well off from nearly retaking $1.29 earlier, the euro's retreat has accelerated over the past minutes, now -0.7% at $1.2723. "Eurozone sources say several countries may face imminent downgrade by S&P," reads a wire.
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  • Jan. 12, 2012, 9:35 AM
    The euro has risen sharply throughout Mario Draghi's press conference (now over) as he gives no indication the ECB may ease beyond what it has already done. In fact, he says the bank is seeing signs of "stabilization" in the EU economy. Euro +0.8% at $1.2802.
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  • Jan. 11, 2012, 7:11 AM
    The euro dives below $1.27 and European shares are down alongside with some crediting Fitch's comments with spooking the markets. The Stoxx 50 gives up gains of about 0.5%, now -1.1%. The euro is back within a handful of pips of a 16-month low, -0.7% at $1.2688.
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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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