EUO News and Press, ProShares UltraShort Euro From 09/27/23

2023-09-27 07:15:00 ET Summary S&P 500 hits three-month lows, consumer confidence falls to four-month low, and new home sales at lowest level in five years. US dollar continues to rise against G10 currencies, including the euro and sterling. Equities are trading higher tod...

2023-09-26 19:35:00 ET Summary We estimate that further US bond weakness and 10-year Treasury yields hitting 5.0% would bring EUR/USD to the 1.02 area. While near-term upside risks to back-end yields are non-negligible, short-term USD swap rates should be more capped given a small...

2023-09-25 07:21:00 ET Summary The US dollar is trading at new highs for the year against the Japanese yen and is bid against nearly all the G10 currencies. Most emerging market currencies are heavier, with the Polish zloty and a few East Asian currencies holding their own. Ne...

2023-09-24 12:00:00 ET Summary Sterling and the Swiss franc were the weakest currencies in the G10 last week, falling by a little more than 1.1%. Japanese officials are threatening intervention, but the higher for longer signal by the Federal Reserve and the rise in US 10-year yie...

2023-09-22 07:15:00 ET Summary The BOJ's failure to do anything or further ideas of an exit of the negative target rate despite the firm CPI report helped the dollar recover the ground lost yesterday against the yen. Sterling is the weakest of the G10 currencies, off another 0.5% ...

2023-09-21 06:45:00 ET Summary The Federal Reserve's hawkish hold has lifted the dollar against most currencies, except the Japanese yen. The Swiss franc is the weakest of the G10 currencies after the Swiss National Bank left rates unchanged. Rising rates have weighed on equit...

2023-09-20 07:00:00 ET Summary UK CPI data leads to a rally in Gilts and a drop in sterling, with less than a 50% chance of a Bank of England rate hike tomorrow. The market has little fear of intervention by Japan ahead of the FOMC meeting, leading to the dollar reaching new highs...

2023-09-19 07:30:00 ET Summary The Canadian dollar stands out despite a diplomatic dispute with India and the failure of negotiations to prevent an autoworkers strike. . Chinese banks will set the loan prime rates first thing tomorrow. Deflationary forces continue to be eviden...

2023-09-18 23:35:00 ET Summary The GBP/USD is in focus ahead of this week’s key events: FOMC and BoE rate decisions. We also have UK CPI and retail sales, as well as global PMI figures to look forward to this week. The BoE could deliver a final 25 bps hike, while the FO...

2023-09-18 22:35:00 ET Summary As the 10-year yield moved up from 3.25% in the spring to 4.35% recently, the stock market generally ignored rising bond yields. If the S&P 500 has risen this far without a considerable rise in earnings, as interest rates are also rising, the dis...