Tuesday’s ETF Chart To Watch: IDX In Spotlight After Indonesia Interest Rate Decision

Major U.S. equity benchmarks kicked off the week on a sour note as the government shutdown continues to take its toll on investors’ confidence. Profit taking pressures permeated Wall Street as politicians on Capitol Hill are giving investors few reasons to get off the sidelines; political gridlock remains a key concern as our nation inches closer and closer to the October 17th deadline at which point the federal government will have exhausted its borrowing authority [see The Biggest Technical Glitches On Wall Street]. Our chart to watch for the day is the Market Vectors Indonesia Index ETF , which may gap in either direction at the opening bell as investors react to the overnight interest rate decision overseas. Analysts are expecting for Indonesia’s central bank to raise rates by 0.25% this time around, which would bring the benchmark rate to 7.5%. Chart Analysis Consider IDX’s one-year daily performance chart below. This ETF [...] Click here to read the original article on ETFdb.com. Related Posts: ETFs To Tap Into 2013′s “Hidden Cities” 5 ETFs For Fiscally-Sound Emerging Markets FINRA Fines Big Banks And The Indonesia ETF Is Now 5% Cheaper Small Cap Indonesia ETF Debuts (IDXJ) Three Years Later: Best Performing ETFs Since Markets Bottomed Out