June 19, 2012 at 04:00 AM EDT
Tuesday’s ETF Chart To Watch: CurrencyShares British Pound Sterling Trust (FXB)
Equity markets kicked off the week on a positive note as investors cheered on positive data on the homefront along with encouraging developments in Greece over the weekend. The latest home builder index came in at 29, surpassing the previous reading of 28 and helping to spark a rally across the construction sector. Amidst the improving backdrop, crude oil prices slipped lower by over 1% on the day; futures prices for the fossil fuel settled just above $83 a barrel [see also UNG Catches Fire, Natural Gas Up 7%]. Investors will shift their attention to the United Kingdom later today as the latest CPI is released before Wall Street’s opening bell. As such, our ETF to watch for the day is the Rydex CurrencyShares British Pound Sterling Trust (FXB), which may experience volatile trading depending on inflation data, or if other eurozone news take precedence and encourage choppy trading in the currency [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Stimulus Hopes Take Center Stage ETFs To Play Euro 2012 ETF Insider: Be Wary Of A Dead Cat Bounce Three ETFs To Watch This Week: EWG, FXB, TVIX Three ETFs To Watch This Week: EWL, FXB, GLD
Equity markets kicked off the week on a positive note as investors cheered on positive data on the homefront along with encouraging developments in Greece over the weekend. The latest home builder index came in at 29, surpassing the previous reading of 28 and helping to spark a rally across the construction sector. Amidst the improving backdrop, crude oil prices slipped lower by over 1% on the day; futures prices for the fossil fuel settled just above $83 a barrel [see also UNG Catches Fire, Natural Gas Up 7%]. Investors will shift their attention to the United Kingdom later today as the latest CPI is released before Wall Street’s opening bell. As such, our ETF to watch for the day is the Rydex CurrencyShares British Pound Sterling Trust (FXB), which may experience volatile trading depending on inflation data, or if other eurozone news take precedence and encourage choppy trading in the currency [...]

Click here to read the original article on ETFdb.com.

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