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FXCH

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 remained resilient, which has started to raise some concerns. January retail sales data came in at 0.1%, failing to beat last month’s reading of 0.5%, and surprisingly this wasn’t enough to inspire serious profit-taking pressures during yesterday’s trading session [see also 7 Rules ETF Day Traders Must Know]. 

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The third quarter got off to a sizzling start in the ETF industry; a surge in asset prices boosted asset levels significantly after two months of freefalls, and the product development activity remained strong after a busy month of September. Close to 30 new products began trading last month, including many first-to-market ideas that have opened up new asset classes and investment strategies. October additions to the ETF lineup are highlighted below. [click to continue…]

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Markets Regain Footing

by on October 8, 2011 | Updated May 14, 2013

Investor worries eased up a bit this past week as concerns over Europe were quelled by the ECB following its most recent decision to keep interest rates unchanged. Wall Street posted an impressive three-day winning streak starting with an impressive, high-volume rally in the final hours of trading on Tuesday. However, stocks couldn’t hold onto […]

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Rydex, the firm behind the CurrencyShares suite of exchange-traded products, made a splash with the latest addition to its product lineup on Tuesday. The recently-launched CurrencyShares Chinese Renminbi Trust (FXCH) will offer exposure to the official currency of the People’s Republic of China, bringing the total number of currency products offered by the company up […]

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