Thursday’s ETF Chart To Watch: FXE Rebound Hinges On ECB Rate Decision

Stocks dropped lower across the board on Wednesday as profit-taking pressures crept in after the latest Fed Beige Book reignited fears of fading stimulus hopes. The latest regional economic report revealed the U.S. economy advancing at a “modest to moderate” pace, which sent many running to the sidelines as investors weighed the possibility of the Fed scaling back on bond repurchases at the next policy meeting in June. In other economic news, ADP employment data came in above last month’s reading while Factory orders came in slightly below analysts’ expectations [see also The Cheapest ETF For Every Investment Objective]. Our ETF to watch today is the CurrencyShares Euro Currency Trust , which could see volatile trading at the opening bell as investors react to the overnight European Central Bank rate decision. Analysts are expecting for the benchmark rate to remain unchanged at 0.50%, although economic commentary following the decision itself could spur [...] Click here to read the original article on ETFdb.com. Related Posts: 5 ETFs To Buy Before The Fed Cuts QE Wednesday’s ETF Chart To Watch: FXE Struggling At Support Ahead Of Eurozone GDP European Currency ETFs Battle For Inflows: Euro (FXE) vs. Pound (FXB) vs. Franc (FXF) How Volatile Is Your Currency ETF? The Ultimate Guide To Currency ETF Trading