The bull train continued its ascent on Wall Street last week as profit taking pressures were short-lived amid the improving economic outlook. Worrisome GDP results did manage to spook some, however, market sentiment overall remains undeniably bullish as each minor pullback has welcomed eager buyers [see 3 Economic Charts Bears Love To Ignore]. This week will remain busy as earnings season continues on the home front although the lack of major economic data releases could rattle the ongoing streak of confidence. Trading activity will be bustling overseas as several key central bank rate decisions are slated to take place later in the week. Weekly Outlook Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors: CurrencyShares Australian Dollar Trust : The Aussie dollar ETF may gap tomorrow morning as investors react to the overnight Reserve Bank of Australia rate decision. Analysts are expecting for the interest [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Greece Flirts With Default ETF Insider: Fiscal Cliff Woes Simmer On Tax Talks ETF Insider: Caution, Bumpy Trading Ahead ETF Insider: Be Wary Of Bargain Shopping 3 ETFs To Watch This Week: FXA, FXE, FXB
The bull train continued its ascent on Wall Street last week as profit taking pressures were short-lived amid the improving economic outlook. Worrisome GDP results did manage to spook some, however, market sentiment overall remains undeniably bullish as each minor pullback has welcomed eager buyers [see 3 Economic Charts Bears Love To Ignore]. This week will remain busy as earnings season continues on the home front although the lack of major economic data releases could rattle the ongoing streak of confidence. Trading activity will be bustling overseas as several key central bank rate decisions are slated to take place later in the week. Weekly Outlook Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors: CurrencyShares Australian Dollar Trust : The Aussie dollar ETF may gap tomorrow morning as investors react to the overnight Reserve Bank of Australia rate decision. Analysts are expecting for the interest [...]
Click here to read the original article on ETFdb.com.
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