By IFCMarkets
Top Gainers – The World Market
In the last 7 days, most financial markets have been in a neutral trend. Therefore, the top gainers/losers are assets with quotes that move for internal reasons. Thus, the weakening of the Mexican peso may be due to the plans of Banco de México to reduce the rate to 5% from 5.5%. The South African rand reacted to negative macroeconomic indicators and budget figures. Unemployment in South Africa increased to 30.1% in the 1st quarter. The Swiss franc strengthened as a “defensive” asset after reporting another problem in the US-China trade and a new outbreak of coronavirus in individual countries.
1.Yahoo! Japan Corporation, 17.03% – a Japanese internet company.
2. ResMed Inc., 10.69% – an Australian medical equipment manufacturer.
Top Losers – The World Market
1. American Airlines Group Inc – an American airline company.
2. Orora Ltd – an Australian company producing packaging materials (boxes, bags, cans, bottles, corks, etc.) and packaging equipment.
Top Gainers – Foreign Exchange Market (Forex)
1. USDMXN, EURMXN – the growth of these charts means the strengthening of the euro and the American dollar against the Mexican peso.
2. USDNOK, USDZAR – the growth of these charts means the strengthening of the US dollar against the Norwegian krone and the South African rand.
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Top Losers – Foreign Exchange Market (Forex)
1. GBPCHF, CADCHF – the drop of these charts means the weakening of the British pound and the Canadian dollar against the Swiss franc.
2. USDRUB, GBPSEK – the drop of these charts means the weakening of the US dollar and the British pound against the Russian ruble and the Swedish krona.
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.
