The bears finally made an appearance on Wall Street yesterday as sour housing data coupled with uncertain Fed minutes paved the way for profit-taking pressures on the day. Bullish momentum cooled off for the first time in a week as investors found it hard to leave profits on the table after January’s housing starts figure came in at 890,000, falling way short of last month’s reading of 973,000. Adding to the uncertainty was mixed commentary from the Federal Reserve, with some policymakers suggesting they end bond-repurchases sooner while others warned against a premature withdrawal [Download 101 ETF Lessons Every Financial Advisor Should Learn]. The PowerShares DB USD Index Bullish is our ETF to watch for the day as it may see an uptick in trading activity following the latest U.S. consumer price index report. The greenback could experience volatile trading in the currency market as investors digest inflation data at the opening bell. [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Stocks Continue Bull Run ETF Insider: Keep An Eye On Bargain Buyers ETFs For Top Currency Trends In 2013 Wednesday’s ETF Chart To Watch: DB USD Index Bullish (UUP) ETF Insider: Gridlock And Optimism Sway Stocks
The bears finally made an appearance on Wall Street yesterday as sour housing data coupled with uncertain Fed minutes paved the way for profit-taking pressures on the day. Bullish momentum cooled off for the first time in a week as investors found it hard to leave profits on the table after January’s housing starts figure came in at 890,000, falling way short of last month’s reading of 973,000. Adding to the uncertainty was mixed commentary from the Federal Reserve, with some policymakers suggesting they end bond-repurchases sooner while others warned against a premature withdrawal [Download 101 ETF Lessons Every Financial Advisor Should Learn]. The PowerShares DB USD Index Bullish is our ETF to watch for the day as it may see an uptick in trading activity following the latest U.S. consumer price index report. The greenback could experience volatile trading in the currency market as investors digest inflation data at the opening bell. [...]
Click here to read the original article on ETFdb.com.
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