Investopedia Stock Analysis and Commentary: Thursday’s ETF Chart To Watch: EWG Heading For Support After Employment Data

Investopedia Stock Analysis and Commentary Investopedia Stock Analysis and Commentary

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Thursday's ETF Chart To Watch: EWG Heading For Support After Employment Data Aug 29th 2013, 07:00 Stock markets kicked off yesterday on a bearish note as spiking oil prices led to concerns over the health of the domestic consumer. Further weighing down on investors’ confidence is the looming Fed meeting in September, while the economic data front was fairly light on the day; pending home sales in July decreased by 1.3%, marking a deterioration from last month’s reading, which saw a decline of 0.4%. Our chart to watch for the day is the iShares MSCI Germany ETF , which could experience volatile trading as investors react to the latest German employment data released hours before Wall Street’s opening bell.

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