Wednesday’s ETF To Watch: PowerShares DB USD Index Bullish (UUP)

Domestic equity indexes were fairly flat on Tuesday, although the bulls gave way in the final hours of trading as ongoing deficit woes stemming from both sides of the Atlantic ocean paved the way for profit taking. On the home front, the Fed left interest rates unchanged as expected, and the FOMC minutes revealed that some members are leaning towards additional stimulus measures, given the financially fragile global economic landscape. Unresolved Euro zone debt drama coupled with hints of another round of stimulus at home increased demand for safe haven assets. Gold prices staged an impressive comeback amidst the uncertainty, settling around $1,700 an ounce as the trading session drew to a close. U.S. durable goods orders data for the month of October is slated to come out later today, and analysts are expecting for the figure to come in at -1.5%, versus the previous reading of -0.6%. This data [...] Click here to read the original article on ETFdb.com. Related Posts: 10 Strange But True Facts About The ETF Industry ETF Insider: Markets Clear Technical Hurdle ETF Insider: Markets Take Cues From Europe ETF Insider: Which Way Will The Bulls Run? Tuesday’s ETF Chart To Watch: PowerShares DB USD Index Bullish (UUP)