Thursday’s ETF Chart To Watch: CurrencyShares Euro Currency Trust (FXE)
Markets closed in green territory as bullish pressures faced little headwinds thanks to upbeat economic data at home. The latest ISM non-manufacturing report came in above expectations and helped restore some confidence back in the seemingly stagnant recovery at home; this service industry indicator came in at 55.1 for September, topping the previous reading of 53.7. All in all, trading activity was fairly tame on Wall Street as many traders are sitting on the sidelines looking ahead to this Friday’s U.S. employment report [see Free Report: 7 Simple & Cheap All-ETF Model Portfolios]. With no major economic data releases at home today, investors will turn their attention overseas where the European Central Bank is expected to deliver its latest interest rate decision. As such, our ETF to watch is the Rydex CurrencyShares Euro Currency Trust (FXE, B), which may be in for a wild day depending on the markets’ reaction to the latest economic [...] Click here to read the original article on ETFdb.com. Related Posts: Wednesday’s ETF Chart To Watch: CurrencyShares Euro Currency Trust (FXE) ETF Insider: Pressure On Fed To Follow Thursday’s ETF Chart To Watch: CurrencyShares Euro Currency Trust (FXE) ETF Insider: Bull Train Stops At Resistance ETF Insider: Flirting With Resistance Is A Risky Game
Markets closed in green territory as bullish pressures faced little headwinds thanks to upbeat economic data at home. The latest ISM non-manufacturing report came in above expectations and helped restore some confidence back in the seemingly stagnant recovery at home; this service industry indicator came in at 55.1 for September, topping the previous reading of 53.7. All in all, trading activity was fairly tame on Wall Street as many traders are sitting on the sidelines looking ahead to this Friday’s U.S. employment report [see Free Report: 7 Simple & Cheap All-ETF Model Portfolios]. With no major economic data releases at home today, investors will turn their attention overseas where the European Central Bank is expected to deliver its latest interest rate decision. As such, our ETF to watch is the Rydex CurrencyShares Euro Currency Trust (FXE, B), which may be in for a wild day depending on the markets’ reaction to the latest economic [...]

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

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