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Tuesday’s ETF Chart To Watch: CurrencyShares Australian Dollar (FXA)
Stock markets around the globe kicked off the week on a sour note as resurfacing worries over European debt drama paved the way into red territory. Profit-taking pressures were quick to emerge after Germany’s Bundesbank expressed concerns over the recently proposed European Central Bank initiative to buy back government bonds. Aside from FOMC minutes on Wednesday and durable goods orders on Friday, investors will have another light data week, although this opens up the doors for European headlines to take center stage [see also 5 Commodity ETFs That Don't Exist Yet, But Should]. With no major economic data releases on the homefront until Wednesday, investors will instead focus on the Rydex CurrencyShares Australian Dollar Trust (FXA, A-) today following the latest Reserve Bank of Australia minutes. The Aussie dollar could experience volatile trading in the overnight session as investors react to insights from the latest bank meeting, which may lead to a gap in [...]
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2012-08-21 03:13:56
Source: http://etfdb.com/2012/tuesdays-etf-chart-to-watch-currencyshares-australian-dollar-fxa/
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