Top Gainers and Losers: US dollar and New Zealand dollar | IFCM UAE
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Top Gainers and Losers: US dollar and New Zealand dollar

29/5/2023

Top Gainers - Global Market

Over the past 7 days, the US Dollar Index continued its rise. The main positive factor was investors' belief that the Federal Reserve will raise interest rates at the next meeting on June 14. According to CME FedWatch Tool, the probability of a rate hike to 5.5% from the current level of 5.25% increased to 58.4%. It was only 25.7% a week ago. This week, the US will release many important economic data. On June 2, the United States Nonfarm Payrolls report will be published. The New Zealand Dollar weakened as investors believed that the Reserve Bank of New Zealand's rate hike to 5.5% from 5.25% may be insufficient. Additional negative factors included a significant decline in New Zealand Retail Sales in the first quarter of 2023 (-4.1% y/y).

1. Adelaide Brighton Limited, +27.5% - an Australian company that manufactures construction materials.

2. Nvidia Corp, +24.5% - an American manufacturer of graphics processors, video cards, and computer memory.

market sentiment ratio long short positions

Top Losers - Global Market

1. Treasury Wine Estates Ltd - an Australian producer of wine and non-alcoholic beverages.

2. NATGAS - CFD Henry Hub Natural Gas Futures.

market sentiment ratio long short positions

Top Gainers - Forex Market

1. EURNZD, GBPNZD - the rise in these charts indicates the strengthening of the Euro and British Pound against the New Zealand Dollar.

2. USDSEK, EURSEK - the rise in these charts indicates the weakening of the Swedish Krona against the US Dollar and Euro.

market sentiment ratio long short positions

Top Losers - Forex Market

1. NZDUSD, NZDCHF - the decline in these charts indicates the weakening of the New Zealand Dollar against the US Dollar and Swiss Franc.

2. AUDUSD, NZDCAD - the decline in these charts indicates the strengthening of the US Dollar against the Australian Dollar and Canadian Dollar against the New Zealand Dollar.

market sentiment ratio long short positions

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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