Equity markets staged a volatile reaction yesterday following the latest FOMC meeting and commentary from Chairman Bernanke. The Fed made no offer of further stimulus while at the same time citing deteriorating economic growth expectations, which almost immediately lead to an equity market sell-off as well as profit taking in gold futures. On the home front, ISM data came in barely above last month’s reading while construction spending dropped to 0.4% from 1.6% previously [see also Commodity Plays For the End of Fiat Currency]. Investors will turn their attention overseas later today as the European Central Bank announces interest rates and more importantly presents a stimulus plan of some sort for the troubled region. As such, the Vanguard European ETF (VGK, A+) could experience volatile trading following the rate decision and economic commentary from the ECB [see also Euro Free Europe ETFdb Portfolio]. Chart Analysis VGK has been stuck in a dismal trading range underneath its 200-day [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Creeps Higher, VGK Slips After ECB Rate Cut Three ETF Strategies That Worked In Q2 (And Two That Didn’t) Europe ETFs: The Good, The Bad, The Ugly ETFs To Play Euro 2012 Mid Day Roundup: UK Leads Europe ETFs Higher
Equity markets staged a volatile reaction yesterday following the latest FOMC meeting and commentary from Chairman Bernanke. The Fed made no offer of further stimulus while at the same time citing deteriorating economic growth expectations, which almost immediately lead to an equity market sell-off as well as profit taking in gold futures. On the home front, ISM data came in barely above last month’s reading while construction spending dropped to 0.4% from 1.6% previously [see also Commodity Plays For the End of Fiat Currency]. Investors will turn their attention overseas later today as the European Central Bank announces interest rates and more importantly presents a stimulus plan of some sort for the troubled region. As such, the Vanguard European ETF (VGK, A+) could experience volatile trading following the rate decision and economic commentary from the ECB [see also Euro Free Europe ETFdb Portfolio]. Chart Analysis VGK has been stuck in a dismal trading range underneath its 200-day [...]
Click here to read the original article on ETFdb.com.
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