Major U.S. equity benchmarks continued their ascent into uncharted territory as better-than-expected earnings reports from bellwethers kept confidence levels elevated. Upbeat quarterly results from Whole Foods and Electronic Arts resonated well for investors on Wall Street, and according to data compiled by Bloomberg, just over 70% of companies that have released results at the start of this earnings season have exceeded profit projections [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Our spotlight will focus on the CurrencyShares British Pound Sterling Trust today, as it could gap in either direction at the opening bell following Bank of England interest rate decision. While the benchmark rate is expected to hold steady at 0.50%, economic commentary issued after the rate decision itself could spur volatile trading in the currency market [see also King Dollar ETFdb Portfolio]. Chart Analysis Consider FXB’s one-year daily performance chart below. Notice the steep downtrend that this ETF has endured since the [...] 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) The Ultimate Guide To Currency ETF Trading 3 ETFs To Watch This Week: EWG, FXB, GLD CurrencyShares Singapore Dollar Trust (FXSG) Rolls Out 3 ETFs To Watch This Week: FXA, FXE, FXB
Major U.S. equity benchmarks continued their ascent into uncharted territory as better-than-expected earnings reports from bellwethers kept confidence levels elevated. Upbeat quarterly results from Whole Foods and Electronic Arts resonated well for investors on Wall Street, and according to data compiled by Bloomberg, just over 70% of companies that have released results at the start of this earnings season have exceeded profit projections [Download 101 ETF Lessons Every Financial Advisor Should Learn]. Our spotlight will focus on the CurrencyShares British Pound Sterling Trust today, as it could gap in either direction at the opening bell following Bank of England interest rate decision. While the benchmark rate is expected to hold steady at 0.50%, economic commentary issued after the rate decision itself could spur volatile trading in the currency market [see also King Dollar ETFdb Portfolio]. Chart Analysis Consider FXB’s one-year daily performance chart below. Notice the steep downtrend that this ETF has endured since the [...]
Click here to read the original article on ETFdb.com.
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