Notable ETF Movers of the Day 02/07: (TAN) (USO) (FXE) Higher; (UNG) (FXI) Lower

• Guggenheim Solar ETF (NYSE: TAN) up 1.81 percent to $3.37. Solars moving higher amid reports that Australia has reopened a solar funding competition after BP plc (NYSE: BP) missed a financing deadline. Bidders may include AGL Energy, TRUenergy Holdings, and Suntech Power (NYSE: STP).
  
  
• United States Oil Fund (NYSE: USO) up 1.18 percent to $37.77. Crude seeing a little volatility today as traders are keeping an eye on the spread between WTI and brent prices. Spreads, now near $18, are the widest they've been since October, 2011.
  
  
• Rydex CurrencyShares Euro Curre (NYSE: FXE) up 0.90 percent to $131.90. The euro getting a boost as investors speculate that a Greek debut deal might be near. Greek Prime Minister Lucas Papademos is slated to meet with debtors Tuesday to hash out further loan deal details. The euro is up nearly 1 percent to the dollar, at $1.3252.

• United States Natural Gas Fund (NYSE: UNG) down 3.78 percent to $5.25. Though cooler weather is in the forecast over the next several days, nat gas stockpiles remain in focus. Reuters notes that draws this winter are about 400 billion cubic feet below average, which is 30 percent below normal.
  
  Preliminary numbers expect EIA reports to show a 78 - 110 billion cubic foot drop with Thursday's report.
  
  
• iShares FTSE China 25 Index Fun (NYSE: FXI) down 0.25 percent to $39.77. Shares in China moving lower on Europe news and word that its own government expects industrial production to slow down in the first quarter. The Shanghai Composite fell about 1.7 percent to the close Tuesday.

You May Also Be Interested In

• Iran’s president calls for end to war with US
• Bessent on Iran: maximum economic pressure means likely not a kinetic restart
• Texas Stock Exchange wins first primary listings with TCBI’s ETFs