Equity markets rose higher on Tuesday, ending the first half of the week ahead of Independence Day on a positive note. Investors cheered on better-than-expected factory orders data, helping to restore some confidence following the disappointing ISM results from earlier in the week; the figure came in at 0.7%, sailing past estimates of 0.1% as well as last month’s reading of negative 0.7%. Gold and oil traded higher ahead of the holiday break as well; futures prices for these commodities settled around $1,620 an ounce and $87.50 a barrel respectively [see also Euro Free Europe ETFdb Portfolio]. Investors will re-focus their attention on the Euro zone later today as the European Central Bank issues its rate decision. As such, the Rydex CurrencyShares Euro Currency Trust (FXE) could see a surge in trading volumes as trading resumes on Wall Street; analysts are expecting for the ECB to cut interest rates from 1.00% down to 0.75% [see also At [...] Click here to read the original article on ETFdb.com. Related Posts: FXE Is Oversold: Trade The Bounce ETF Insider: Cautiously Bullish At Home ETF Insider: Opportunities In A Pullback Euro Drama Is Back: Trade The Range In FXE ETF Insider: More Earnings, More Volatility
Equity markets rose higher on Tuesday, ending the first half of the week ahead of Independence Day on a positive note. Investors cheered on better-than-expected factory orders data, helping to restore some confidence following the disappointing ISM results from earlier in the week; the figure came in at 0.7%, sailing past estimates of 0.1% as well as last month’s reading of negative 0.7%. Gold and oil traded higher ahead of the holiday break as well; futures prices for these commodities settled around $1,620 an ounce and $87.50 a barrel respectively [see also Euro Free Europe ETFdb Portfolio]. Investors will re-focus their attention on the Euro zone later today as the European Central Bank issues its rate decision. As such, the Rydex CurrencyShares Euro Currency Trust (FXE) could see a surge in trading volumes as trading resumes on Wall Street; analysts are expecting for the ECB to cut interest rates from 1.00% down to 0.75% [see also At [...]
Click here to read the original article on ETFdb.com.
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