28 Aug

Facebook, Cathay, Tesla & Adobe among the Weekly Top Gainers/Losers

August 28, 2020

By IFCMarkets.com

Top Gainers – The World Market

The US dollar has suspended its decline amid trade negotiations between China and the United States. In addition, US released a number of positive macroeconomic indicators, including the weekly report on the labor market and GDP in the 2nd reading. Gold mining stocks fell due to precious metals price correction.

1.Facebook, Inc., 15.9% – American social network

2. Nine Entertainment Co Holdings Ltd, 15.1% – Australian media company

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 Top Losers – The World Market

1. Hengan International Group – Chinese producer of hygiene products

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2. Northern Star Resources Ltd – Australian gold mining company

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 Top Gainers – Foreign Exchange Market (Forex)

1. EURRUB, USDRUB – the growth of these charts means the strengthening of the euro and the US dollar against the Russian ruble.

2. USDPLN, USDCZK – the growth of these charts means the weakening of the Polish zloty and the Czech koruna against the US dollar.

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 Top Losers – Foreign Exchange Market (Forex)

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

2. EURMXN, EURNZD – the decline in these charts signifies the weakening of the euro against the Mexican peso and the New Zealand dollar.

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Market Analysis provided by IFCMarkets.com

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