Top Gainers and Losers: Australian dollar and Japanese yen | IFCM UAE
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Top Gainers and Losers: Australian dollar and Japanese yen

21/4/2023

Top Gainers - global market

Over the past 7 days, the US dollar index has remained almost unchanged. Investors are expecting the Federal Reserve to raise interest rates from 5% to 5.25% at its meeting on May 3. According to CME FedWatch, the probability of such an event is estimated at 88.6%. The Australian dollar has strengthened in anticipation of inflation data to be released on April 26, which could affect the Reserve Bank of Australia's decision to raise interest rates (+3.6%) at its meeting on May 2. Inflation in South Africa rose by 1% m/m in March, lower than expected (+1.4% m/m), which contributed to the strengthening of the South African rand. Inflation in Japan in March was 3.2% y/y, higher than expected (+2.6% y/y). Japan's trade balance in March was negative (deficit) for the 20th consecutive month, which has led to a weakening of the yen.

1. COMMERZBANK AG, +10.7% – German bank

2. Independence Group NL, +10.6% – Australian manufacturer of non-ferrous and precious metals

market sentiment ratio long short positions

Top Losers - global market

1. Seagate Technology – American manufacturer of computer storage drives and hard disk drives (HDDs)

2. Nokia Corporation – Finnish manufacturer of equipment for mobile communication.

market sentiment ratio long short positions

Top Gainers - foreign exchange market (Forex)

1. CHFJPY, USDNOK - the rise in these charts means the strengthening of the Swiss franc against the Japanese yen and the US dollar against the Norwegian krone.

2. AUDJPY, AUDNZD - the rise in these charts means the weakening of the Japanese yen and the New Zealand dollar against the Australian dollar.

market sentiment ratio long short positions

Top Losers - foreign exchange market (Forex)

1. EURZAR, USDZAR - the decline in these charts means the weakening of the euro and the US dollar against the South African rand.

2. EURPLN, GBPAUD - the decline in these charts means the strengthening of the Polish zloty against the euro and the Australian dollar against the British pound.

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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