Top Gainers and Losers: euro and Australian dollar | IFCM UAE
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Top Gainers and Losers: euro and Australian dollar

28/4/2023

Top Gainers - global market

Over the past 7 days, the US dollar index has again remained almost unchanged. Investors expect the Fed to raise the rate from 5% to 5.25% at the May 3 meeting. According to CME FedWatch, the probability of such an event is estimated at 86%. The dollar could be held back by weak preliminary growth of 1.1% q/q in the United States Gross Domestic Product in 1Q 2023 after rising 2.6% q/q in 4Q 2022. It was expected to increase by at least 2% q/q. The strengthening of the euro was supported by investors' expectations that the European Central Bank would immediately raise the rate by 0.5% to 4% from the current level of 3.5%. His meeting will be on May 4. The British pound rose in anticipation of an increase in the rate of the Bank of England at a meeting on May 11. The Australian dollar weakened as inflation fell to 7% y/y in 1Q 2023 from 7.8% y/y in 4Q 2022. Investors fear that the Reserve Bank of Australia will keep its rate at 3.6% at the May 2 meeting.

1. SUGAR, +10.6% – CFD Sugar Futures

2. Meta Platforms Inc, +10.6% – American company that owns Facebook social platform.

market sentiment ratio long short positions

Top Losers - global market

1. ThyssenKrupp AG – German steel company

2. Alcoa Corp – American aluminum producer.

market sentiment ratio long short positions

Top Gainers - foreign exchange market (Forex)

1. EURAUD, GBPAUD - the growth of these charts means the strengthening of the euro and the British pound against the Australian dollar.

2. EURCAD, EURNZD - the growth of these charts means the weakening of the Canadian and New Zealand dollars in relation to the euro.

market sentiment ratio long short positions

Top Losers - foreign exchange market (Forex)

1. AUDJPY, AUDCHF - A drop of these charts means the Australian dollar is weaker against the Japanese yen and the Swiss franc.

2. CADJPY, USDPLN - the decline of these charts means the strengthening of the Polish zloty against the US dollar and the Japanese yen against the Canadian 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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