Tuesday’s ETF Chart To Watch: CurrencyShares Australian Dollar Trust (FXA)
Markets kicked off the session on shaky footing as non-manufacturing ISM data just barely missed analyst expectations; this figure came in at 54.2, falling short of the forecasted 54.5 as well as the previous reading of 55.1. Regardless, major equity indexes managed to climb into green territory and end on a surprisingly positive note ahead of election day at home. In addition to the key political development this week in the United States, investors will also digest a number of important central bank rate decisions from around the globe [see 101 ETF Lessons Every Financial Advisor Should Learn]. The first rate decision will come from the Reserve Bank of Australia, and as such, the Rydex CurrenyShares Australian Dollar Trust will make its way onto our radar screen later day. The Aussie dollar may stage a volatile reaction at the opening bell as investors digest the overnight decision and economic commentary from overseas; analysts are expecting for [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Stocks Await Guidance From Election, Bank Rate Decisions 3 ETFs To Watch This Week: FXA, FXB, FXE Tuesday’s ETF Chart To Watch: CurrencyShares Australian Dollar Trust (FXA) Tuesday’s ETF Chart To Watch: CurrencyShares Australian Dollar (FXA) Tuesday’s ETF Chart To Watch: CurrencyShares Australian Dollar Trust (FXA)
Markets kicked off the session on shaky footing as non-manufacturing ISM data just barely missed analyst expectations; this figure came in at 54.2, falling short of the forecasted 54.5 as well as the previous reading of 55.1. Regardless, major equity indexes managed to climb into green territory and end on a surprisingly positive note ahead of election day at home. In addition to the key political development this week in the United States, investors will also digest a number of important central bank rate decisions from around the globe [see 101 ETF Lessons Every Financial Advisor Should Learn]. The first rate decision will come from the Reserve Bank of Australia, and as such, the Rydex CurrenyShares Australian Dollar Trust will make its way onto our radar screen later day. The Aussie dollar may stage a volatile reaction at the opening bell as investors digest the overnight decision and economic commentary from overseas; analysts are expecting for [...]

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