Top Gainers and Losers: Australian dollar and euro | IFCM UAE
IFC Markets Online CFD Broker

Top Gainers and Losers: Australian dollar and euro

5/6/2023

Top Gainers - Global Market

Over the past 7 days, the US dollar index has remained almost unchanged. After the publication of economic statistics and statements by Federal Reserve representatives, investors believe that the Fed will maintain the interest rate at the current level of 5.25% at the upcoming meeting on June 14. The Australian dollar rose in anticipation of the upcoming Reserve Bank of Australia (RBA) meeting on June 6. Its rate stands at 3.85% with Australian inflation at 7% YoY in the 1st quarter of 2023. The Canadian dollar also rose in anticipation of the upcoming Bank of Canada (BoC) meeting on June 7. Its rate stands at 4.5% with Canadian inflation at 4.4% YoY in April 2023. The Turkish lira continued to weaken after Recep Tayyip Erdogan's victory in the presidential elections on May 28. Previously, he pursued a soft monetary policy. The euro weakened due to a relatively moderate decline in inflation in May to 6.1% YoY from 7% in April. Market participants believe that the European Central Bank (ECB) will raise the rate (currently 3.75%) by no more than 0.25% at the meeting on June 15. Note that this week various ECB representatives will be speaking almost every day.

1. Centerra Gold Inc, +18.6% - Canadian gold mining company

2. SoftBank Corp, +16.5% - Japanese telecommunications and internet company

market sentiment ratio long short positions

Top Losers - Global Market

1. VIX Index - American stock market volatility index

2. Kunlun Energy - oil and gas company from Hong Kong

market sentiment ratio long short positions

Top Gainers - Forex Market

1. EURTRY, USDTRY - the rise in these charts indicates the strengthening of the euro and the US dollar against the Turkish lira.

2. CADCHF, AUDCHF - the rise in these charts indicates the weakening of the Swiss franc against the Canadian and Australian dollars.

market sentiment ratio long short positions

Top Losers - Forex Market

1. EURCAD, EURAUD - the decline in these charts indicates the weakening of the euro against the Canadian and Australian dollars.

2. USDCAD, NZDCAD - the decrease in these charts indicates the strengthening of the US dollar against the Australian dollar and the Canadian dollar against the New Zealand dollar.

market sentiment ratio long short positions

New Exclusive Analytical Tool

Any date range - from 1 day to 1 year

Any Trading Group - Forex, Stocks, Indices, etc.

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.

IFCM Trading Academy - New era in Forex education
Pass Your Course:
  • Get Certificate
trading academy
Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger