GAS/OIL, XAUOIL, Lean Hogs & Hertz lead the Weekly Top Gainers/Losers

April 24, 2020

By IFCMarkets

Top Gainers – The World Market

Market participants decided that the decrease in oil production of OPEC + countries by 10 million barrels per day from May 1 is not sufficient to stabilize the global oil market. The decline in world demand is estimated to be much higher – at 25 million barrels per day. Because of this, oil was among the top losers, and composite trading instruments based on it were the growth leaders. Accordingly, in the Forex market, the currencies of commodity-exporting countries became top losers, weakening against the US dollar.

1. &GAS/OIL – a personal composite instrument, natural gas against US light crude oil West Texas Intermediate (WTI).

2. XAUOIL – a gold instrument, gold against WTI oil

market sentiment ratio long short positions

 Top Losers – The World Market

1. Light Sweet Crude Oil (WTI) – oil in the USA.

2. &WTI/JPY – a personal composite instrument WTI oil against the Japanese yen.


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market sentiment ratio long short positions

 Top Gainers – Foreign Exchange Market (Forex)

1. USDNOK, USDMXN – the growth of these charts means the strengthening of the US dollar against the Norwegian krone and the Mexican peso.

2. USDCZK, USDRUB – the growth of these charts means the weakening of the Czech koruna and the Russian ruble against the US dollar.

market sentiment ratio long short positions

 Top Losers – Foreign Exchange Market (Forex)

1. NZDUSD, GBPUSD – the decrease in these charts means the strengthening of the US dollar against the New Zealand dollar and the British pound.

2. NZDJPY, AUDUSD – the decrease in these charts means the strengthening of the Japanese yen against the New Zealand dollar and the weakening of the Australian dollar against the US dollar.

market sentiment ratio long short positions

Market Analysis provided by IFCMarkets

Note:
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