February 08, 2013 at 04:00 AM EST
Friday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC)
Stocks nudged lower on Thursday as sour economic news welcomed profit-taking pressures on Wall Street. Lackluster performance results from Sprint Nextel (S) and Akamai Technologies (AKAM) weighed on excitement levels, while worse-than-expected weekly jobless claims data only added to the list of worries. Selling pressures were also fueled by comments from European Central Bank President Draghi, who noted that the recent strengthening of the euro could hamper economic recovery in the region [Download 101 ETF Lessons Every Financial Advisor Should Learn]. With no major economic releases taking place on the homefront today, investors will likely turn their attention to the north ahead of the opening bell as Canadian employment data hits the Street. As such, our spotlight will focus on the Rydex CurrencyShares Canadian Dollar Trust , which may experience volatile trading as investors re-adjust their positions in the currency market following the latest labor market figures. Analysts are expecting Canada’s unemployment rate [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Markets Pop, Apple Flops ETF Insider: The Ascent Continues Friday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC) ETF Insider: Be Wary Of A Steeper Correction Canada ETFs: 9 Ways To Play
Stocks nudged lower on Thursday as sour economic news welcomed profit-taking pressures on Wall Street. Lackluster performance results from Sprint Nextel (S) and Akamai Technologies (AKAM) weighed on excitement levels, while worse-than-expected weekly jobless claims data only added to the list of worries. Selling pressures were also fueled by comments from European Central Bank President Draghi, who noted that the recent strengthening of the euro could hamper economic recovery in the region [Download 101 ETF Lessons Every Financial Advisor Should Learn]. With no major economic releases taking place on the homefront today, investors will likely turn their attention to the north ahead of the opening bell as Canadian employment data hits the Street. As such, our spotlight will focus on the Rydex CurrencyShares Canadian Dollar Trust , which may experience volatile trading as investors re-adjust their positions in the currency market following the latest labor market figures. Analysts are expecting Canada’s unemployment rate [...]

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

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