ETF Insider: Fiscal Cliff Woes Simmer On Tax Talks

Stocks kicked off the week with an early pop as Treasury Secretary Geithner’s prediction that Republicans would budge on the issue of higher tax rates for the wealthiest of Americans inspired confidence that the much-feared “fiscal cliff” could be avoided. Clouds of uncertainty continue to loom over the global manufacturing sector as mixed data took center stage Monday morning; China’s manufacturing activity is once again showing signs of expansion, while the most recent domestic ISM figure missed analysts estimates [see Free 7 Simple & Cheap All-ETF Portfolios]. Weekly Outlook Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors: CurrencyShares Australian Dollar Trust : This Aussie dollar ETF may gap tomorrow morning as investors digest the overnight Reserve Bank of Australian interest rate decision. Analysts are expecting for the benchmark rate to drop from 3.25% to 3.0%, while the economic [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: No News Could Be Good News ETF Insider: Opportunities In A Pullback ETF Insider: No Rest For The Bulls ETF Insider: Bears Are Lurking Around The Corner ETF Insider: Can Earnings Trump Euro Drama?