Thursday’s ETF Chart To Watch: FXE In Focus After European Bank Rate Decision

After grinding sideways all week in anticipation of GDP data and FOMC commentary, Wednesday proved to be quite anticlimactic for many as markets responded with a whimper. Stocks were anticipating for the Fed to reveal a more concrete QE tapering timeline; however, policymakers offered no new hints and markets responded with a contained sell off in the last hour [see also The Complete Visual History Of SPY]. Our ETF to watch for today is the CurrencyShares Euro Currency Trust , which could experience volatile trading as investors react to the latest ECB rate decision. Analysts are largely expecting for policymakers to leave rates unchanged at 0.50%, although the commentary issued after the rate decision itself may offer further insights. Chart Analysis Consider FXE’s one-year daily performance chart below. This ETF has been stuck in a range all year; notice how FXE has failed to hold above $132 a share while at the [...] Click here to read the original article on ETFdb.com. Related Posts: Thursday’s ETF Chart To Watch: FXE Rebound Hinges On ECB Rate Decision 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?