Friday’s ETF Chart To Watch: CurrencyShares British Pound Sterling (FXB)
Buying pressures permeated the marketplace on Thursday as upbeat economic data overshadowed lackluster earnings. The S&P 500 Index briefly peered past the 1,500 level marking yet another five-year high, and ultimately settled around 1,494 as the closing bell rang. Bellwether Apple (AAPL) missed the mark and shares tumbled upwards of 12% on the day as investors expressed their concerns over the company’s growth prospects. Upbeat labor market data stole the headlines after weekly jobless claims came in at 330,000 versus the expected 360,000 [see How To Swing Trade ETFs]. New home sales data will hit the Street later today, while on the international front investors are sure to keep an eye on the latest United Kingdom GDP report. As such, our ETF to watch for the day is the Rydex CurrencyShares British Pound Sterling , which may swing in either direction depending on investors’ reaction to the latest economic growth reading from the European powerhouse. [...] Click here to read the original article on ETFdb.com. Related Posts: Tech ETFs: Watch Your Apple Weight Thursday’s ETF Chart To Watch: Technology Select Sector SPDR (XLK) ETF Insider: The Ascent Continues 3 ETFs To Watch This Week: GXC, FXB, FXE Daily ETF Roundup: Jobs Report Boosts Markets
Buying pressures permeated the marketplace on Thursday as upbeat economic data overshadowed lackluster earnings. The S&P 500 Index briefly peered past the 1,500 level marking yet another five-year high, and ultimately settled around 1,494 as the closing bell rang. Bellwether Apple (AAPL) missed the mark and shares tumbled upwards of 12% on the day as investors expressed their concerns over the company’s growth prospects. Upbeat labor market data stole the headlines after weekly jobless claims came in at 330,000 versus the expected 360,000 [see How To Swing Trade ETFs]. New home sales data will hit the Street later today, while on the international front investors are sure to keep an eye on the latest United Kingdom GDP report. As such, our ETF to watch for the day is the Rydex CurrencyShares British Pound Sterling , which may swing in either direction depending on investors’ reaction to the latest economic growth reading from the European powerhouse. [...]

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

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