CurrencyShares Singapore Dollar Trust (FXSG) Rolls Out

The bull train continues full steam ahead as major equity indexes have enticed buyers after every minor pullback over the last month. The optimistic price action on Wall Street is undeniable, and it truly showcases the sheer eagerness among investor looking for their share of the action. Even in the face of lackluster economic data, stocks have remained resilient, which has started to raise some concerns. January retail sales data came in at 0.1%, failing to beat last month’s reading of 0.5%, and surprisingly this wasn’t enough to inspire serious profit-taking pressures during yesterday’s trading session [see also 7 Rules ETF Day Traders Must Know]. Amid the tug-of-war on Wall Street, Guggenheim beefed up their lineup of currency ETFs with the launch of the CurrencyShares Singapore Dollar Trust (FXSG) on Wednesday, February 13. This first-to-market product offers exposure to the Singapore Dollar as tracked by the SGD/USD exchange rate, which measures the relative value [...] Click here to read the original article on ETFdb.com. Related Posts: Definitive Short Dollar ETF Guide: Inverse USD ETFs ETF Options For 3 Most Employed Countries British Pound ETF Continues Slide After Bearish Data Reports Central Bank “March Mayhem” Puts Currency ETFs in Focus 3 ETFs To Watch This Week: FXA, FXE, FXB