ETF Database » FXC

ETF Insider: Stocks In Free Fall

Stoyan Bojinov — Sat, 19 May 2012 11:00:38 +0000

Equity markets were rattled back-and-forth as Euro zone debt drama swept over Wall Street for another week. Volatility levels climbed higher across asset classes as profit taking pressures and bargain buying created a trading frenzy, although major stock indexes did end the week lower in red territory. Investors got no relief on the home front as the latest Fed minutes revealed that the domestic recovery is still sluggish at best [see also 3 Trading Tips You Are Missing]. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance MDY Long -1.6% FXC Long -0.7% KXI Long -0.8% Our picks from Monday’s Insider posted a frustrating performance during a volatile week for equity markets around the globe. Below, we highlight how our trade ideas fared during the week [sign up for a free trial of ETFdb Pro to get actionable ETF ideas every Monday, as well as access to more than 40 all-ETF [...]

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

Stoyan Bojinov — Fri, 18 May 2012 08:00:52 +0000

Equity markets tumbled into red territory for another day this week as investors fretted over sour economic data on the home front along with looming debt woes in the European currency bloc. Weekly jobless claims came in worse-than-expected as 370,000 people filed for unemployment benefits versus the expected 365,000. The Philly Fed manufacturing index also gave investors a reason to worry after this month’s reading came in at a negative 5.8, falling short of the 10 estimate as well as the previous reading of 8.5 [see also Which ETFs Will Own Facebook (And When)]. Investors will turn their attention to the north later today as the latest Canadian CPI data hits the street. As such, our ETF to watch for the day is the Rydex CurrencyShares Canadian Dollar Trust (FXC) as it may see an increase in trading volumes following the release of inflation data. Analysts are largely expecting for CPI to come in unchanged [...]

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ETF Insider: Beware Of Bargain Shopping

Stoyan Bojinov — Mon, 14 May 2012 16:35:57 +0000

Stock markets headed south last week as uncertainty over the political situation in Greece led many investors to question the health of the fragile currency bloc as a whole. Amidst the flurry of volatile trading on Wall Street, profit taking pressures also spread to commodities; futures prices for gold and oil both traded lower, settling below $1,600 an ounce and $96 a barrel respectively. The coming week appears to be stacked with key economic releases from both sides of the Atlantic ocean, and as such, investors will look for signs to bolster confidence in the global recovery [see also 3 ETFs For A Euro Zone Double-Dip]. Weekly Outlook Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors: MSCI Germany Index Fund (EWG): European equity markets will likely take cues from the latest German GDP report on Tuesday. [...]

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

Stoyan Bojinov — Fri, 02 Mar 2012 09:00:41 +0000

Stocks on Wall Street edged higher with a few bumps along the way as investors digested a plateful of mixed economic data. Good news included improving jobless claims data as well as an increase in consumer spending. Worse-than-expected data kept the lid on gains; a slight downtick in manufacturing coupled with a bad month for construction spending reminded investors that the recovery at home is still fragile. Gold finished the day slightly higher near $1,720 an ounce, while crude oil futures hit a multi-month high of $110.55 a barrel [see Gold Hits Resistance, Time To Worry?]. Investors will turn their attention to Canada later today as a key GDP report is slated to come out. The Canadian dollar, commonly known as the Loonie, may experience volatile trading in the currency markets as investors react to the latest figure. Given this data release, our ETF to watch for today is the [...]

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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 Database » FXC

ETF Insider: Stocks In Free Fall

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