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Tuesday’s ETF Chart To Watch: FXA Rebound In Focus After RBA Interest Rate Decision

By: ETFdb
It seems the debt-ceiling deadline snuck up on investors, as evidenced by Monday’s bearish start to the trading week. Many were quick to lock-in profits ahead of the potential government shutdown deadline. With major equity indexes oscillating for most of the day, it’s clear that uncertainty has once again permeated Wall Street, and investors’ confidence will be on edge until politicians can offer a resolution, or band-aid, over the coming days [see ETF Insider: New Defensive Position Added To Portfolio]. Our chart to watch for today is the CurrencyShares Australian Dollar Trust , which may experience volatile trading at the opening bell as investors react to the overnight Reserve Bank of Australia interest rate decision. Analysts are largely expecting for policymakers overseas to hold rates steady at 2.50%, although the economic commentary after the rate decision itself can still inspire wild fluctuations in both the currency and equity markets. Chart Analysis [...] Click here to read the original article on ETFdb.com. Related Posts: Monetary Policy Around The Globe: Currency ETF Edition ETFdb Weekly Watchlist: FXA, FXY Await Bank Rate Decisions, CNDA Hinges On Employment 3-Year Review: Best & Worst ETFs In Each Asset Class Wednesday’s ETF Chart To Watch: FXA Potential Reversal Ahead Of Aussie Employment Wednesday’s ETF Chart To Watch: FXA Sinks To Support Ahead Of Aussie Employment Data
It seems the debt-ceiling deadline snuck up on investors, as evidenced by Monday’s bearish start to the trading week. Many were quick to lock-in profits ahead of the potential government shutdown deadline. With major equity indexes oscillating for most of the day, it’s clear that uncertainty has once again permeated Wall Street, and investors’ confidence will be on edge until politicians can offer a resolution, or band-aid, over the coming days [see ETF Insider: New Defensive Position Added To Portfolio]. Our chart to watch for today is the CurrencyShares Australian Dollar Trust , which may experience volatile trading at the opening bell as investors react to the overnight Reserve Bank of Australia interest rate decision. Analysts are largely expecting for policymakers overseas to hold rates steady at 2.50%, although the economic commentary after the rate decision itself can still inspire wild fluctuations in both the currency and equity markets.  Chart Analysis [...]

Click here to read the original article on ETFdb.com.

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