Stocks oscillated cautiously yesterday ahead of the anticipated FOMC press conference, which ended up being quite anti-climatic after policymakers announced no changes, and major equity indexes surprisingly dropped in the final hours of trading. Many were preparing for a major sell-off, assuming that the Fed was going to announce plans to scale back on bond-repurchases; much to everyone’s surprise, however, Chairman Bernanke highlighted “diminished” risks surrounding the domestic recovery while affirming the Fed’s plans to taper at some point later in the year through the middle of 2014 [see The Best Dividend ETF For Every Investment Objective]. Our ETF to watch for the day is the CurrencyShares Swiss Franc Trust , which may experience volatile trading as investors react to the latest interest rate decision and commentary from the Swiss National Bank. While the benchmark rate is expected to remain unchanged at 0%, investors will surely pay close attention to the economic [...] Click here to read the original article on ETFdb.com. Related Posts: European Currency ETFs Battle For Inflows: Euro (FXE) vs. Pound (FXB) vs. Franc (FXF) How Volatile Is Your Currency ETF? The Ultimate Guide To Currency ETF Trading CurrencyShares Singapore Dollar Trust (FXSG) Rolls Out ETF Insider: Was The Greek Bailout Priced In?
Stocks oscillated cautiously yesterday ahead of the anticipated FOMC press conference, which ended up being quite anti-climatic after policymakers announced no changes, and major equity indexes surprisingly dropped in the final hours of trading. Many were preparing for a major sell-off, assuming that the Fed was going to announce plans to scale back on bond-repurchases; much to everyone’s surprise, however, Chairman Bernanke highlighted “diminished” risks surrounding the domestic recovery while affirming the Fed’s plans to taper at some point later in the year through the middle of 2014 [see The Best Dividend ETF For Every Investment Objective]. Our ETF to watch for the day is the CurrencyShares Swiss Franc Trust , which may experience volatile trading as investors react to the latest interest rate decision and commentary from the Swiss National Bank. While the benchmark rate is expected to remain unchanged at 0%, investors will surely pay close attention to the economic [...]
Click here to read the original article on ETFdb.com.
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