November 18, 2011 at 04:00 AM EST
Friday’s ETF Chart To Watch: Rydex CurrencyShares Canadian Dollar Trust (FXC)
Domestic equity indexes sank desperately lower as ongoing Euro zone debt woes paved the way for rampant profit-taking across virtually every corner of the market. Investor confidence further declines as worries over the domestic supercommittee sparked waves of fear that the U.S. would soon be plagued by debt woes of its own. Bullish momentum failed to gain traction on Wall Street despite the better-than-expected new home starts data along with a positive unemployment report. Crude oil gave up much of yesterday’s stellar gains, sinking all the way down to $99 a barrel as the trading session drew to a close. Gold plunged alongside equities as futures prices for the precious yellow metal settled near $1,720 an ounce. Canada’s Consumer Price Index is slated to come out before the opening bell on Wall Street, which makes the Rydex CurrencyShares Canadian Dollar Trust (FXC) our ETF to watch for today. Analysts are [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Expect More Volatility Tuesday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC) ETF Insider: Does Gold Still Glitter? ETF Insider: Markets At Fed’s Mercy ETF Insider: Caution, Bumpy Trading Ahead
Domestic equity indexes sank desperately lower as ongoing Euro zone debt woes paved the way for rampant profit-taking across virtually every corner of the market. Investor confidence further declines as worries over the domestic supercommittee sparked waves of fear that the U.S. would soon be plagued by debt woes of its own. Bullish momentum failed to gain traction on Wall Street despite the better-than-expected new home starts data along with a positive unemployment report. Crude oil gave up much of yesterday’s stellar gains, sinking all the way down to $99 a barrel as the trading session drew to a close. Gold plunged alongside equities as futures prices for the precious yellow metal settled near $1,720 an ounce. Canada’s Consumer Price Index is slated to come out before the opening bell on Wall Street, which makes the Rydex CurrencyShares Canadian Dollar Trust (FXC) our ETF to watch for today. Analysts are [...]

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

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