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Eric Dutram: ProShares, a leader in inverse and leveraged ETFs, has launched its latest product in the currency space, targeting the in focus euro. The new fund, the ProShares Short Euro ETF (NYSEARCA:EUFX), looks to give investors inverse Read more…
Daniela Pylypczak: To say the least, the world economy has had a bumpy ride since the onslaught of the unprecedented financial crisis that rocked the world in 2008. Despite several glimmers of hope in the U.S.’s ability to bounce back, Euro Read more…
At the end of last week, the U.S. dollar gained against the euro due to the ever-present worries that EU leaders won’t get their act together soon enough to fix their debt crisis. Concern in the market in regards to the European sovereign debt has placed the euro in a precarious situation. The currency will end the Read more…
Remember when the market had a massive gain this summer because there was the thought of a Grand Compromise on the U.S. debt problem between President Obama and Speaker of the House Read more…
There seemed to be a little hope mingling in the markets at the end of last week. Global equities rose for a fourth straight day on Friday. The Nasdaq had just finished posting its biggest weekly advance since the summer of 2009. The cherry on top came in the form of gains elsewhere in global equity Read more…
On July 28, I wrote a column recommending Market Vectors Double Short Euro ETN (NYSE:DRR) as a way to take advantage of growing problems in the Eurozone. Since then, that ETF has jumped 7 percent. I see more upside in that fund. However, today I’m going to recommend another way to take advantage of an oversold dollar: PowerShares DB US Dollar Index Bullish (NYSE:UUP). It’s likely to Read more…
Kevin Kerr: The massive differences between the various nations in the European Union have always been apparent. But now as the euro zone is literally crumbling in front of us, the depth of that divide has become more obvious than ever. Read more…
You may have never thought it possible, but right now, more than any time in the past few years, it is not unthinkable to be bullish in the morning, bearish after lunch, and neutral into the close, all in the same day. It is not right Read more…
NYSE:BNZ, NYSE:DRR, NYSE:EDV, NYSE:FXA, NYSE:FXF, NYSE:TBT, NYSE:TLT, NYSE:TMF, NYSE:UDN, NYSE:UUP
Last week, Moody’s stated that Greece’s 2011 bailout will weaken Europe’s strongest countries’ credit ratings and result in a Greek default. The rating agency went on to say that even though the European Union made the process of dealing with defaulting members easier, the final adopted measures could lead to the creditor countries’ downgrades because of the inevitability of future bailouts. Greece’s local- and foreign-currency bond Read more…
The Eurozone is a sight to behold. Economic growth is anemic. Greece is careening toward default on its sovereign debt. Ireland, Italy, Portugal and Spain may not be far behind. The break-up of the Read more…
After endless arm-twisting, scores of gloomy forecasts, and a host of ominous threats, the Greeks have finally acted just as their many new masters instructed. Throughout this entire year-long ordeal, made worse by the perpetual mayhem of protesters, the Euro has been the front line for wagering and sentiment prediction, having first plummeted and then Read more…
Of the large number of leveraged and inverse ETFs out there, below we highlight the ones that are up and down the most so far in 2010. On the upside, the double long real estate ETF — URE — is up Read more…
NYSE:AGQ, NYSE:DGP, NYSE:DRR, NYSE:ERX, NYSE:EUO, NYSE:LTL, NYSE:SRS, NYSE:TBT, NYSE:TZA, NYSE:UCC, NYSE:UCO, NYSE:UGE, NYSE:UGL, NYSE:UKW, NYSE:ULE, NYSE:USD, NYSE:UVU
UBS sees a short term rally for the Euro, although their long term look is not very rosy. Businessweek is quoting Mansoor Mohi-uddin, Singapore-based global head of currency strategy at UBS as saying, “Policy in the region is becoming very unfavorable. Investors should use gains in the euro to make fresh bets it Read more…
NYSE:DRR, NYSE:ERO, NYSE:EU, NYSE:EUO, NYSE:FXE, NYSE:ULE, NYSE:URR
At the beginning of the crisis the dollar rose as investors protect theirs funds by investing in safe currency. The dollar rose by 20 percent between July 2008 Read more…
NYSE:BZF, NYSE:CEW, NYSE:CYB, NYSE:DRR, NYSE:EU, NYSE:FXA, NYSE:FXB, NYSE:FXF, NYSE:FXM, NYSE:FXY, NYSE:ICN, NYSE:JYF, NYSE:SZR, NYSE:URR, NYSE:USY, NYSE:XRU
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