Top Gainers and Losers: Australian Dollar and Swiss Franc | IFCM UAE
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Top Gainers and Losers: Australian Dollar and Swiss Franc

8/5/2023

Top Gainers - Global Market

Over the past 7 days, the US dollar index has slightly decreased within a neutral range of 102.3-100.7 points. United States Nonfarm Payrolls for April was so good (+253k) that investors now do not rule out a reduction in the Fed rate as early as July. According to CME FedWatch, the probability of such an event is estimated at 35.4%. Note that other American economic indicators have also been positive lately. At the next FOMC meeting on June 14, the rate is likely to remain at the current level of 5.25%. The rise of the Australian dollar was supported by the Reserve Bank of Australia raising the rate on May 2 to 3.85% from 3.6%. In addition, Australia has released good data on foreign trade and retail sales. Statistics in New Zealand were also moderately positive. The Swiss franc fell as investors do not rule out a reduction in the Swiss National Bank rate (1.5%). Swiss inflation in April reached an 11-month low of +2.6% y/y, thus approaching the Swiss National Bank's target level.

1. CNOOC, +6% – China National Offshore Oil Corporation

2. Iluka Resources Ltd, +5.9% – Australian fertilizer producer

market sentiment ratio long short positions

Top Losers - Global Market

1. ZECUSD - Zcash (ZEC) cryptocurrency

2. DASHUSD - DASH (DSH) cryptocurrency.

market sentiment ratio long short positions

Top Gainers - Forex Market

1. AUDUSD, NZDUSD - an increase in these charts indicates the strengthening of the Australian and New Zealand dollars against the US dollar.

2. AUDCHF, NZDCHF - the increase in the charts means the weakening of the Swiss franc against the Australian and New Zealand dollars.

market sentiment ratio long short positions

Top Losers - Forex Market

1. EURAUD, EURNZD - the decline in the charts means the weakening of the euro against the Australian and New Zealand dollars.

2. GBPAUD, GBPNZD - the decrease in the charts means the strengthening of the Australian and New Zealand dollars 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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