OctaFX | OctaFX Forex Broker
Open trading account

SPDR Oil and Gas Exploration ETF inches higher

FXStreet (Mumbai) - The SPDR S&P Oil and Gas Exploration ETF is inching higher after having recovered from the Feb 2012 lows of USD 52.15 hit last week.

The ETF is trading 2.85% higher at USD 60.23 levels. Moreover, the energy sector ETF came under fire over the last couple of months as the Crude oil prices fell by more than 20%. The sector ETF was probably oversold and was due for a technical correction.

ETF tracks 91 stocks with total asset of more than $1.3 billion. Moreover, the ETF has recovered more than 15% from the low of USD 52.15.

GBP/USD hits fresh daily lows

GBP/USD fell to fresh daily lows at the beginning of the New York session as the greenback gathered pace, especially against European rivals.
Read more Previous

USD/CHF eyes 0.9500

USD/CHF broke above 0.9465/70 and climbed to 0.9487, hitting the highest since October 16
Read more Next
Start livechat