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FXC

Major equity benchmarks posted mixed results on Thursday as profit taking pressures inevitably resurfaced following the stellar run-up seen earlier this week. Mixed economic data releases on the day only added to the bull’s sense of urgency to lock-in profits ahead of the weekend; housing starts and weekly jobless claims came in worse-than-expected while inflation worries subsided after U.S. CPI dropped down to 1.7% from 1.9% previously [see also The Cheapest ETF For Every Investment Objective].

Our ETF to watch for the day is the CurrencyShares Canadian Dollar Trust (FXC, A), which could swing in either direction at the opening bell as investors react to the latest Canada CPI release. Analysts are expecting for inflation to come in at 1.2%, which would mark a modest decline from the previous reading of 1.4%.

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Hedge Your Bullish Bets This Week

by on April 29, 2013

Scattered signs of deteriorating fundamentals are leading us to take a cautiously bullish stance on the markets this week. Looking back, worse-than-expected durable goods orders and GDP data were quickly ignored by the equity bulls last week, which could set the scene for a steeper correction this week as long as earnings results can rattle investors’ confidence [see also How To Hedge With ETFs].

Weekly Outlook

Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors:

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As the world becomes more connected every day, investors continue to find new ways to trade around the world and gain exposure to countries they may never even get to visit. Exchange-traded funds offering exposure to Global Currencies have become a popular tool for those looking to make a direct play on a country, using the country’s […]

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ETFs have opened up the doors to previously hard-to-reach reach corners of the market, including foreign equities, commodities and alternative asset classes. Currency ETFs in particular have seen growing interest among investors and traders alike as they greatly simplify the challenges that are otherwise associated with entering the forex market [see How To Take Profits […]

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ETFs continue to open up the doors to international markets that were previously too difficult, or costly, to access for mainstream investors. Those looking for the most direct exposure to a foreign economy often choose to invest in the local currency rather than equity or bond funds, especially when looking for a risky but potentially […]

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The bull train continues full steam ahead as major equity indexes have enticed buyers after every minor pullback over the last month. The optimistic price action on Wall Street is undeniable, and it truly showcases the sheer eagerness among investor looking for their share of the action. Even in the face of lackluster economic data, stocks have […]

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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 […]

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Markets Pop, Apple Flops

by on January 26, 2013 | Updated February 4, 2013

The rally continued full steam ahead on Wall Street last week as upbeat earnings and encouraging data kept optimism levels elevated, giving investors few reasons to take profits off the table. Bellwethers like Halliburton, Google and IBM sailed right past analyst estimates, while tech darling Apple suffered a nasty sell-off after its latest earnings report […]

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The Ascent Continues

by on January 22, 2013 | Updated January 23, 2013

Bearish sentiment has been all talk since the start of the new year as made evident by the ongoing bullish price action seen across equity markets. While many were expecting for corporate earnings to serve as a nasty reminder of the slow recovery at hand, quite the opposite has proved true thus far as financial bellwethers have […]

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The bulls finally returned to Wall Street after a prolonged stretch of profit taking throughout the week. Good news from all around the globe bolstered major equity indexes into bright green territory for the day; overseas, Spain unveiled a detailed austerity plan focused on massive spending cuts. At home, investors cheered on the latest employment […]

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Be Wary Of A Steeper Correction

by on September 4, 2012

And so it begins. Regarded by many as perhaps the most dismal month for the stock market, investors on Wall Street welcomed September with a sell-off. Aside from historical performance pointing to tumultuous trading in the weeks ahead, investors’ confidence remains plagued by the looming debt drama in Europe. Furthermore, political debates are heating up on the […]

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When it comes to diversifying your portfolio, many investors often overlook the dynamic economy of our Northern neighbor. Canada is home to one of the most commodity-intensive developed economies in the world, and its large natural gas and oil reserves make it one of the few net exporters of energy outside of South America or the […]

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