CurrencyShares Euro Trust

  • Turnaround Tuesday - China's 400-Point Flip-Flop

    By Philip Davis - June 25, 2013 | Tickers: FXE, FXI, SPY, DIA

    The worst is now past.

    That's the word from an HSBC economist after the PBOC's Ling Tao assures the bank will keep money-market rates "within reasonable ranges."  The People’s Bank of China has provided liquidity to some financial institutions to stabilize money market rates and will use short-term liquidity operation and standing lending facility tools to ensure steady markets, according to a statement posted to its website more »

  • Record Jobless Numbers Create Opportunities for Euro Puts

    By Richard Cox - June 3, 2013 | Tickers: FXE, IEV, UUP

    There seems to be no end in sight for the economic problems in the eurozone.  Recent GDP figures show that the 17-member bloc has been in a recession for six straight quarters, as the eurozone maintains its position as the central laggard in the global economic recovery.  The latest example of these trends can be found in the region’s unemployment figures for the month of April, which rose to more »

  • Euro is a Buy After ECB Rate Decision

    By Richard Cox - May 10, 2013 | Tickers: FXE, FXY, UUP

    At its May meeting, the European Central Bank elected to reduce its benchmark interest rate from 0.75% to a record low of 0.50% in an attempt to support a deteriorating economy experiencing drop-offs in many key economic indicators.  The macro declines seen in the Euro-area have not been altogether surprising given the early year changes in Eurozone GDP expectations, and this month’s interest rate decision was not more »

  • Why We Are Not Shorting the Euro

    By Brad Hessel - May 8, 2013 | Tickers: FXE, ERO, DRR, EUO

    The slow-motion conflagration raging in the Euro zone is much more likely to speed up than it is to abate anytime soon. With unemployment pushing 30% in Greece and Spain and spiking to all-time highs in France, the potential for social unrest remains at potentially dangerous levels. In fact, the situation is even more volatile than it appears in that the worst unemployment rates are among young workers—who in more »

  • Emerging Market Europe Remains Under Pressure

    By Peter Pham - April 8, 2013 | Tickers: FXE, BNO

    Central European manufacturing data continued to reflect weakness within the region which will make it difficult for exporting countries such as Germany to gain traction and pull the EU out of its current economic malaise.  Central banks will likely continue to easy further than the last cycle trough to revive these floundering economies.  There are problems in Europe which have extended to its emerging markets which means the Euro (NYSEMKT: FXEmore »)

  • Playing Mr. Kuroda's Wild Ride

    By Dana Blankenhorn - March 6, 2013 | Tickers: FXE, DDR, EWJ

    Here's the easiest trade to make in the history of Earth:

    Buy Japan. Sell Europe.

    The reasons have nothing to do with fundamentals, and everything to do with the strategic thinking behind policy.

    Inflation Can Be Good

    The new head of the Bank of Japan, Haruhiko Kuroda, is determined to end the generation of deflation that has devastated his country's economy like Godzilla plundering paper Tokyo. 

    Once his more »

  • Election Jitters Have QE on Hold?

    By Peter Pham - November 13, 2012 | Tickers: FXE, FXY, GLD

    If the U.S. President is truly the leader of the free world, if not the world itself, then the pronouncements of any U.S. Presidential candidate has to be taken seriously.  Mitt Romney’s statement that he would fire Ben Bernanke if elected could be seen, along with choosing Paul Ryan as his running mate, as a way to assuage the ‘Ron Paul Right’ portion of the Republican Party more »

  • Banking on Indonesian Growth

    By Peter Pham - October 12, 2012 | Tickers: FXE, EIDO, MFC, IDX, PRU

    By the end of the 2nd quarter of 2012 it became clear that Indonesia was going to be the engine of growth for ASEAN over the next few years.  With GDP growth exceeding expectations at 6.5% and foreign investment rising 30.2% year over year the worries over political and fiscal distress in Europe and the U.S. faded somewhat.  Now that the Western central banks have announced more »

  • This Dollar Is Not Falling

    By Peter Pham - October 1, 2012 | Tickers: FXE, EWS, UUP

    The world’s major central banks, along with the Federal Reserve have all announced some form of open-ended QE in a coordinated attempt to keep the world financial markets from imploding.  Aside from the fire hose the Fed is bringing we have all of these events as well:

    1. The ECB’s new OMT program, essentially unlimited bond buying which will create unlimited moral hazard, regardless of the protestations of Mario more »
  • The Emergence of Emerging Market Bonds

    By Peter Pham - September 7, 2012 | Tickers: FXE, TLT, IEI, EMB, PCY

    One of the advantages of working in a frontier market like Vietnam is that one can see first-hand the growth that is occurring here.  It also gives you a sobering look at the amount of potential risk you face as well.  While equity markets locally are often thinly traded and extremely volatile, bonds offer a completely different way to play the growth story of an up-and-coming country, without having to more »

  • PMI and ISM Prints Say “To the Moon!”

    By Peter Pham - July 9, 2012 | Tickers: FXE, UUP, SPY, BNO

    The ISM announced their Manufacturing index number on Monday which came in at 49.7 for June, a number that should not be surprising to anyone other than an economist at the Federal Reserve.  It was a full point lower than the lowest of the estimates, which speaks to the amount of hope that has been built into these markets and the analysts covering them. 

    If we look closely at more »

  • EUR/USD July 2 – Consolidates Big Gains Despite Doubts

    By Yohay Elam - July 2, 2012 | Tickers: FXE

    The EUR/USD and the Currency Shares Euro Trust (NYSEMKT:FXE) started the week in a quiet tone, settling in high range and consolidating the huge gains seen on Friday. Will the rally last? This is the big question facing everybody. The new month and new quarter are very busy. Before Draghi has his chance to complement the politicians actions with something of his own, fresh figures remind us that more »

  • Gold's Time is Coming

    By Peter Pham - June 29, 2012 | Tickers: FXE, FXY, GLD

    Since the peak last September when Federal Reserve monetary policy turned on a dime and the wind was taken out of its sales, gold has been in a difficult position in relation to the U.S. Dollar. The drama in the E.U. coupled with whipsawing Fed policy has caused violent shifts in the gold price but with a bearish bent.  Rallies have been sold with extreme prejudice at every more »

  • Greece’s Election Results and the Singapore Dollar

    By Peter Pham - June 21, 2012 | Tickers: FXE, EWS, NKY, SPY

    Sunday’s elections in Greece resulted in what has been described as the best possible outcome for the Euro.  The pro-bailout, pro-Euro New Democracy party pulled out a narrow victory over SYRIZA, while PASOK secured enough potential MPs to allow a tenuous coalition government to be formed that will re-open negotiations with the Troika on new bailout terms.  The election results weren’t certified before there were murmurs out of more »

  • How Will a Greek Exit Affect Gold?

    By Lior Cohen - June 7, 2012 | Tickers: FXE, AGOL, SGOL, GLD

    The bets are running high on the speculation around the possibility of Greece exiting the European Union, AKA Grexit. How might such an event might affect the price of gold and by extension SPDR Gold Shares? Let's examine this issue:

    In recent weeks there have been a lot of headlines revolving around the Greek debt crisis. The recent elections that weren't successful to form a new government only more »