, and the Fed hinted at ending its bond-repurchase program during Thursday’s meeting, neither piece of news seemed enough to erode investors’ confidence, perhaps suggesting that optimism is here to stay. Europe and Asia also saw higher trading volumes as of Wednesday with many global investors looking for economic condition reports due out of both regions next week.
1. SPDR S&P China ETF (NYSEARCA:GXC)
Why GXC Will Be In Focus: By defining and measuring the investable universe of publicly-traded companies that are in China but still legally available to foreign investors, GXC has become a helpful barometer for measuring health of China to outside investors. With China’s slowing growth proving to be a key concern for many around the globe, this upcoming Consumer Price Index Report released Wednesday night could inspire a volatile open for GXC on Thursday morning [see also How To Pick The Right ETF Every Time].
2. CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB)
Why FXB Will Be In Focus: The Bank of England rate decision taking place Thursday morning could translate into powerful currency market volatility. With Wall Street opening a few short hours later, ETFs like FXB that measures the spot price of the British Pound to the U.S. dollar might feel the effects, positive or negative [for more investing and saving ideas, check out the money management center at Dividend.com].
3. CurrencyShares Euro Currency Trust (NYSEARCA:FXE)
Why FXE Will Be In Focus: Taking place just after the Bank of England rate decision, the European Central Bank rate decision will receive a lot of attention from international investors ready to test the waters again. When Wall Street opens there is likely to be high volatility with funds that track the spot price of the euro to the dollar, and wary investors should prepare for their own predicted outcome.
Written By Carolyn Pairitz From ETF Database Disclosure: No Positions
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