EUO News and Press, ProShares UltraShort Euro From 07/17/23

2023-07-17 08:18:00 ET Summary Yen, euro, and Swiss franc are enjoying a firmer tone, but only the euro has thus far extended last week's gains. The UAE and India formally announced over the weekend that they will use their respective currencies to settle bilateral trade. The ...

2023-07-15 12:00:00 ET Summary The US dollar is expected to consolidate ahead of the Federal Open Market Committee meeting on 26 July, following one of its worst weeks of the year. The Mexican peso has risen to new eight-year highs against the dollar due to its high interest rates...

2023-07-14 07:56:00 ET Summary The dollar appears to be broadly consolidating ahead of the weekend. Among the G10 currencies, the Canadian dollar's 1.2% gain is the least, and it made new 10-month highs earlier today. The beleaguered Scandis soared. The Norwegian krone's 6.6% adva...

2023-07-13 07:42:00 ET Summary The dollar is stabilizing against the yen today, but the downside momentum is intact against the other major currencies. The Canadian dollar, often a laggard in a weak US dollar environment, is holding below the highs made at the end of last month. ...

2023-07-13 00:39:15 ET Summary I discuss potential investment opportunities in Short ETFs, particularly betting against the euro currency. The euro is likely to see a severe downturn in the near future. The ProShares UltraShort Euro ETF is highlighted as a potentially profitab...

2023-07-12 07:16:00 ET Summary The US dollar's losses have been extended ahead of the June CPI. Sterling made new highs since last April, while the Swiss franc has risen to its best levels in about 2 1/2 years. EM currencies are also mostly higher, including the Chinese yuan, whic...

2023-07-11 06:46:00 ET Summary The yen's short squeeze continues, and strong wage growth has helped lift sterling to new highs since last April. EM currencies are also advancing, with a couple of exceptions, including the Turkish lira despite reports on foreign equity inflows. ...

2023-07-10 07:42:00 ET Summary The US dollar is mostly firmer after selling off hard before the weekend in response to the jobs data. The Australian and New Zealand dollars are the heaviest following news of China's deflation. Emerging market currencies are mixed. Despite repe...

2023-07-09 09:00:00 ET Summary The US dollar is at an inflection point, with its failure to gain traction despite rising US rates indicating a potential resumption of its underlying downtrend from last September and October. The US 2-year yield rose to a new multiyear high near 5....

2023-07-07 07:00:00 ET Summary The yen has risen significantly due to a short squeeze, with the dollar falling below JPY143 due to stronger than expected wage growth in Japan. The yuan is the only emerging market currency to have risen, with the PBOC fixing it sharply higher; the ...