ETF Database » FXC

ETF Insider: Will Holiday Cheer Be Enough?

Stoyan Bojinov — Mon, 19 Dec 2011 17:35:33 +0000

Euphoria was quick to evaporate from the markets last week as investors fretted over ongoing uncertainty in the Euro zone. Selling pressures prevailed across equity markets as lawmakers have yet to outline a comprehensive plan of action for restoring stability to the debt burdened currency bloc. Gold futures tanked as investors took profits in the yellow commodity, sinking its price down to $1,562 an ounce, and further tainting the precious metal’s safe haven reputation [see Are Gold ETFs The Best Defense Against Euro Drama?]. This week we outline three actionable short-term trade ideas as we expect for the roller coaster ride to continue as investors scramble to make bets and take profits before the holiday weekend. Weekly Outlook The coming week will be stacked with economic data releases at home and on the international front. Below, we highlight ETFs that may see an increase in trading activity as relevant market [...]

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Tuesday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC)

Stoyan Bojinov — Tue, 06 Dec 2011 09:00:11 +0000

Investors came back in a buying mood after the weekend, although domestic equity indexes lost momentum after it was reported that Standard & Poor’s would put all 17 Euro zone member nations under credit review. Nonetheless, optimism continues to build on Wall Street as the Nasdaq gained 1.10% on the day, while the Dow Jones Industrial Average lagged behind, turning in a solid 0.65% gain. “There are growing hopes on both sides of the Atlantic that policy makers will play a more constructive role in helping the economy and markets after a year in which they generally did more harm than good,” wrote David Kelly, chief market strategist at J.P. Morgan Funds. Gold prices started off the week on a fairly weak note, losing ground throughout the trading day and settling near $1,725 an ounce. The Bank of Canada is slated to announce its decision regarding interest rates before the [...]

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ETF Insider: Volatility Is Still Lurking

Stoyan Bojinov — Mon, 05 Dec 2011 18:05:55 +0000

Domestic equity indexes snapped out of their loosing streak last week as investor confidence in the markets improved after a robust start to the holiday shopping season. The bulls charged through Wall Street on Wednesday after a global central bank initiative to lower the cost of dollar funding through swap arrangements sent a wave of buying-euphoria across equity markets. Excitement cooled off before the weekend, despite a better-than-expected U.S. unemployment report, and we expect for volatility to remain abundant this week given the unresolved Euro zone debt drama along with several key central bank meetings. Weekly Outlook The coming week will be a bit sparse on economic data releases on the home front, with central bank meetings across the globe dominating international news. Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors: CurrencyShares Australian Dollar Trust (FXA): [...]

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Friday’s ETF Chart To Watch: Rydex CurrencyShares Canadian Dollar Trust (FXC)

Stoyan Bojinov — Fri, 18 Nov 2011 09:00:49 +0000

Domestic equity indexes sank desperately lower as ongoing Euro zone debt woes paved the way for rampant profit-taking across virtually every corner of the market. Investor confidence further declines as worries over the domestic supercommittee sparked waves of fear that the U.S. would soon be plagued by debt woes of its own. Bullish momentum failed to gain traction on Wall Street despite the better-than-expected new home starts data along with a positive unemployment report. Crude oil gave up much of yesterday’s stellar gains, sinking all the way down to $99 a barrel as the trading session drew to a close. Gold plunged alongside equities as futures prices for the precious yellow metal settled near $1,720 an ounce. Canada’s Consumer Price Index is slated to come out before the opening bell on Wall Street, which makes the Rydex CurrencyShares Canadian Dollar Trust (FXC) our ETF to watch for today. Analysts are [...]

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ETF Insider: Expect More Volatility

Stoyan Bojinov — Mon, 14 Nov 2011 17:02:10 +0000

After another up-down week dominated by Euro zone debt drama, domestic equity indexes managed to clinch a gain amidst the volatility. Investor sentiment swayed wildly as the anticipation of Italian Prime Minister Berlusconi’s resignation coupled with ongoing Italian debt woes sparked sell-offs one day and rallies the next, across virtually every corner of the global equity market. Gold prices oscillated between the $1,800 and$1,750 levels, managing to settle in the upper-half of its trading range as the trading week drew to a close. Weekly Outlook The coming week will see a host of economic releases both at home and on the international front, including several key CPI releases. Stock markets will likely continue to take cues from the Euro zone as investors keep their eye on the Italian debt situation. Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated [...]

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Tuesday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC)

Stoyan Bojinov — Tue, 25 Oct 2011 08:00:44 +0000

Good news from the Euro zone lifted investor’s spirits on Monday as equity markets cheered on agreement talks aimed at restoring financial stability in the debt-burdened country bloc. Earnings results from Caterpillar boosted domestic equity indexes higher after the construction giant reported a better-than-expected profit of $1.14 billion. Encouraging commentary from the company cited that low interest rates in the U.S. and Europe will help drive GDP growth going forward. Gold futures charged higher on Monday alongside equities, with prices for the precious yellow metal settling around $1,650 an ounce for the day. The Bank of Canada is announcing its interest rate decision later day, which makes the CurrencyShares Canadian Dollar Trust (FXC) our ETF to watch [see FXC Fact Sheet]. Analysts are expecting for the rate to remain unchanged at 1%, although investors will likely pay more attention to the forward looking economic commentary released after the interest rate [...]

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ETF Insider: Does Gold Still Glitter?

Stoyan Bojinov — Mon, 26 Sep 2011 12:30:44 +0000

Stock markets around the globe plunged last week following the Fed’s decision to proceed with “Operation Twist“, which sent waves of fear and panic-selling across every corner of the market. Long-term U.S. Treasury bonds were the only securities that didn’t get slaughtered last week, the S&P 500 shed more than 6% while the MSCI Emerging Markets Index lost over a whopping 11%. Not even gold could escape the chaos as the precious metal surprisingly sank over 7% during one of the “uglier” weeks on Wall Street, settling below $1,700 an ounce for the first time in a while. Investor confidence has further eroded as euro zone debt issues remain unanswered and the drama likely won’t see the happy ending that many are hoping for. Weekly Outlook The coming week is quite lacking in major economic releases on the international front, while investors at home will have a bit more data [...]

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ETF Insider: Markets At Fed’s Mercy

Stoyan Bojinov — Mon, 19 Sep 2011 10:19:05 +0000

Domestic equity indexes climbed higher day after day last week, posting a very green performance as investors showed some (temporary) relief over the debt drama in Greece. In the bigger scheme of things however, there have been no real concrete measures undertaken by the ECB to fully restore confidence back in European financial markets; for that reason alone, we expect that volatile range-bound trading will remain the dominant theme across equity and currency markets. Gold had a tough time last week as stock markets rallied and the precious metal crept lower, dipping below the $1,800 an ounce level as the week drew to a close. Weekly Outlook The coming week is quite lacking in major economic releases on the home front, while international investors will also have an uneventful week so to speak. At home, the Fed meeting will most certainly be the dominant event commencing on Tuesday, with the [...]

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ETF Insider: Caution, Bumpy Trading Ahead

Stoyan Bojinov — Tue, 06 Sep 2011 00:07:59 +0000

Equity indexes crept up higher since the opening bell at the start of last week, although a grim jobs report on Friday quickly sparked a sell-off, with domestic equities broadly finishing in red territory for the week. The S&P 500 is now back below our outlined support at 1,200 and we advise stepping to the sidelines once again, although active traders can certainly take advantage of the ongoing volatility so long as they are prudent to take profits before they evaporate. Gold appears poised to continue higher as the precious metal has established definitive support above $1,800 an ounce, while uncertainty in the markets will only add to the appeal of the hot yellow metal. Weekly Outlook The coming week is quite lacking in major economic releases on the home front, while investors keeping an eye on international data will have more than a handful to talk about. The Euro [...]

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ETF Insider: Beware Of A Dead Cat Bounce

Stoyan Bojinov — Mon, 15 Aug 2011 09:00:48 +0000

Fear ran wild across every corner of the financial markets last week and nearly every asset class fell victim to brutally volatile trading. Friday was the only day during which the Dow Jones Industrial Average did not swing by more than 400 points, managing to regain some of the losses on Thursday and Friday and end the week lower by less than 2%. Amidst all of the uncertainty, gold made yet another run higher and futures prices for the hot yellow metal hit record highs, soaring to $1,817 an ounce on Wednesday evening. Weekly Outlook The coming week is sparse with major economic data releases, although investors will have a plateful of inflation data to digest as CPI data for the United Kingdom, Canada, and U.S. is slated come out. At home, housing market and industrial production data will take center stage as investors look for reassurance that the economy [...]

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ETF Database » FXC

ETF Insider: Will Holiday Cheer Be Enough?

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Tuesday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC)

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