Wall Street had a volatile session last week as investors digested a mixed back of earnings and economic data. In the Federal Reserve’s monetary policy announcement, the central bank indicated that it will continue purchasing $85 billion each month of long-term Treasury and mortgage-backed securities, stating that economic activity has “paused in recent months.” Confirming their sentiment, U.S. GDP came in unexpectedly at an anemic 0.1% decline. Jobless claims data also came in below expectations, though the Labor Department reported that employers added 157,000 jobs last month. This week, investors will once again see a slew of economic and earnings reports. Below, we outline three ETFs that should see a fair amount of activity during the week ahead [see also 7 Simple & Cheap ETF Model Portfolio]: 1. CurrencyShares Australian Dollar Trust Why FXA Will Be In Focus: This fund is by far the largest and most popular option for investors looking to gain exposure to the price of [...] Click here to read the original article on ETFdb.com. Related Posts: 3 ETFs To Watch This Week: FXA, FXB, FXE 3 ETFs To Watch This Week: GXC, FXB, FXE ETF Insider: Fiscal Cliff Woes Simmer On Tax Talks ETF Insider: Flirting With Resistance Is A Risky Game ETF Insider: Bulls Push Through Uncertainty
Wall Street had a volatile session last week as investors digested a mixed back of earnings and economic data. In the Federal Reserve’s monetary policy announcement, the central bank indicated that it will continue purchasing $85 billion each month of long-term Treasury and mortgage-backed securities, stating that economic activity has “paused in recent months.” Confirming their sentiment, U.S. GDP came in unexpectedly at an anemic 0.1% decline. Jobless claims data also came in below expectations, though the Labor Department reported that employers added 157,000 jobs last month. This week, investors will once again see a slew of economic and earnings reports. Below, we outline three ETFs that should see a fair amount of activity during the week ahead [see also 7 Simple & Cheap ETF Model Portfolio]: 1. CurrencyShares Australian Dollar Trust Why FXA Will Be In Focus: This fund is by far the largest and most popular option for investors looking to gain exposure to the price of [...]
Click here to read the original article on ETFdb.com.
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