Wednesday’s ETF Chart To Watch: British Pound Trust (FXB)

Domestic equities took a breather on Tuesday, following three days of stellar gains. The Dow Jones Industrial Average struggled to make further headway during the day’s trading session, but the index did manage to hold support above the psychologically important 12, 000 level. “The reflex rally in the equity market that began last Thursday appears to be slowing down. Given the rapid three-day bounce off last week’s low, it is not surprising to see some traders consider taking quick profits,” Fred Dickson, chief investment strategist at Davidson Cos., wrote in an email. Oil tacked on another dollar, jumping to just under $105 a barrel. Gold on the other hand was rather weak and its safe-haven status wasn’t enough to attract investors, even amidst global uncertainty. The precious metal drifted sideways and floated near the $1,430 an ounce mark, ending the day flat. Agricultural commodities were broadly lower as well, with [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: IYK, IAK, FXB Thursday’s ETF Chart To Watch: CurrencyShares British Pound Trust (FXB) Wednesday’s ETF To Watch: British Pound ETF (FXB) Three ETFs To Watch This Week: EWJ, FXB, EWN ETF To Watch For Thursday: FXB