ProShares Ultra Euro (ULE)

I was not happy to see so much selling into strength last Friday, the last day of the quarter – following what should have been encouraging inflation news.

The European Central Bank (ECB) on Thursday held interest rates at 4%, signalling no policy action for the fourth-consecutive month and following in the Federal Reserve’s cautious footsteps. Like the Fed, there was no major shift towards dovishness in the following press conference, where ECB president Christine Lagarde said that current levels...