December 06, 2011 at 04:00 AM EST
Tuesday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC)
Investors came back in a buying mood after the weekend, although domestic equity indexes lost momentum after it was reported that Standard & Poor’s would put all 17 Euro zone member nations under credit review. Nonetheless, optimism continues to build on Wall Street as the Nasdaq gained 1.10% on the day, while the Dow Jones Industrial Average lagged behind, turning in a solid 0.65% gain. “There are growing hopes on both sides of the Atlantic that policy makers will play a more constructive role in helping the economy and markets after a year in which they generally did more harm than good,” wrote David Kelly, chief market strategist at J.P. Morgan Funds. Gold prices started off the week on a fairly weak note, losing ground throughout the trading day and settling near $1,725 an ounce. The Bank of Canada is slated to announce its decision regarding interest rates before the [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Volatility Is Still Lurking Friday’s ETF Chart To Watch: Rydex CurrencyShares Canadian Dollar Trust (FXC) ETF Insider: Expect More Volatility Tuesday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC) ETF Insider: Does Gold Still Glitter?
Investors came back in a buying mood after the weekend, although domestic equity indexes lost momentum after it was reported that Standard & Poor’s would put all 17 Euro zone member nations under credit review. Nonetheless, optimism continues to build on Wall Street as the Nasdaq gained 1.10% on the day, while the Dow Jones Industrial Average lagged behind, turning in a solid 0.65% gain. “There are growing hopes on both sides of the Atlantic that policy makers will play a more constructive role in helping the economy and markets after a year in which they generally did more harm than good,” wrote David Kelly, chief market strategist at J.P. Morgan Funds. Gold prices started off the week on a fairly weak note, losing ground throughout the trading day and settling near $1,725 an ounce. The Bank of Canada is slated to announce its decision regarding interest rates before the [...]

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

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