October 25, 2011 at 04:00 AM EDT
Tuesday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC)
Good news from the Euro zone lifted investor’s spirits on Monday as equity markets cheered on agreement talks aimed at restoring financial stability in the debt-burdened country bloc. Earnings results from Caterpillar boosted domestic equity indexes higher after the construction giant reported a better-than-expected profit of $1.14 billion. Encouraging commentary from the company cited that low interest rates in the U.S. and Europe will help drive GDP growth going forward. Gold futures charged higher on Monday alongside equities, with prices for the precious yellow metal settling around $1,650 an ounce for the day. The Bank of Canada is announcing its interest rate decision later day, which makes the CurrencyShares Canadian Dollar Trust (FXC) our ETF to watch [see FXC Fact Sheet]. Analysts are expecting for the rate to remain unchanged at 1%, although investors will likely pay more attention to the forward looking economic commentary released after the interest rate [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Does Gold Still Glitter? ETF Insider: Markets At Fed’s Mercy ETF Insider: Caution, Bumpy Trading Ahead ETF Insider: Beware Of A Dead Cat Bounce ETF Insider: Mr. Market’s Wild Ride
Good news from the Euro zone lifted investor’s spirits on Monday as equity markets cheered on agreement talks aimed at restoring financial stability in the debt-burdened country bloc. Earnings results from Caterpillar boosted domestic equity indexes higher after the construction giant reported a better-than-expected profit of $1.14 billion. Encouraging commentary from the company cited that low interest rates in the U.S. and Europe will help drive GDP growth going forward. Gold futures charged higher on Monday alongside equities, with prices for the precious yellow metal settling around $1,650 an ounce for the day. The Bank of Canada is announcing its interest rate decision later day, which makes the CurrencyShares Canadian Dollar Trust (FXC) our ETF to watch [see FXC Fact Sheet]. Analysts are expecting for the rate to remain unchanged at 1%, although investors will likely pay more attention to the forward looking economic commentary released after the interest rate [...]

Click here to read the original article on ETFdb.com.

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