By IFCMarkets
Top Gainers – The World Market
Oil quotes stabilized in the world market. Starting May 1, OPEC countries will limit оил production by 10 million barrels per day. Almost immediately after that, the United States and Canada are going to consider joining this restriction. A number of countries have eased quarantine requirements. All this contributed to a slight increase in oil demand. Accordingly, the currencies of commodity countries, such as the Russian ruble, the Australian and New Zealand dollars, the South African rand, strengthened, as well as the stocks of oil companies.
1. Tullow Oil PLC – a British oil and gas company.
2. Harley-Davidson, Inc. – an American motorcycle manufacturer.
Top Losers – The World Market
1. &GAS/OIL – the personal composite instrument Natural Gas at the Henry Hub terminal against the WTI American oil.
2. XAUOIL – the gold instrument Gold vs WTI oil.
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Top Gainers – Foreign Exchange Market (Forex)
1. AUDCHF, AUDUSD – the growth of these charts means the strengthening of the Australian dollar against the American dollar and the Swiss franc.
2. NZDCHF, AUDJPY – the growth of these charts means the weakening of the Swiss franc against the New Zealand dollar and the Japanese yen against the Australian dollar.
Top Losers – Foreign Exchange Market (Forex)
1. USDRUB, EURRUB – the drop of these charts means the strengthening of the Russian ruble against the US dollar and the euro.
2. USDZAR, EURZAR – the drop of these charts means the weakening of the US dollar and the euro against the South African rand.
Market Analysis provided by IFCMarkets
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.
