Top Gainers and Losers: euro and US dollar | IFCM Tanzania
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Top Gainers and Losers: euro and US dollar

13/1/2023

Top Gainers - global market

Over the past 7 days, the US dollar index fell and hit a 7-month low. The change in the United States Consumer Price Index (CPI) m/m in December turned out to be negative (-0.1%) for the first time since May 2020. Investors believe that the beginning of the decline in inflation may limit further tightening of the Fed's monetary policy. Accordingly, the US dollar was among the leaders of the weakening last week. The euro, on the contrary, strengthened due to the statement of the European Central Bank about plans to raise its rate by 1.25% during 2023. Now it is 2.5%. Recall that inflation in the EU for December in the 2nd assessment will be published on January 18. Preliminarily, it amounted to 9.2% y/y. The strengthening of the yen was supported by investors' expectations that the Bank of Japan would somehow tighten its monetary policy at the January 18 meeting. The strengthening of the Chinese yuan was supported by a good foreign trade performance in December (China Trade Balance) and relatively low inflation (+1.8% y/y). US natural gas quotes continued to decline for the 4th week in a row due to warmer weather, as well as due to reduced industrial production and demand for gas in Europe.

1. ADAUSD, +23.9% – Cryptocurrency Cardano (ADA)

2. American Airlines Group Inc., +23.7% – American airline

market sentiment ratio long short positions

Top Losers - global market

1. VIX Index – CFD on CBOE Volatility Index (Chicago Board Options Exchange)

2. Henry Hub Natural Gas Futures – CFDs on American gas futures.

market sentiment ratio long short positions

Top Gainers - foreign exchange market (Forex)

1. EURTRY, EURUSD - the growth of these graphs means the strengthening of the euro against the Turkish lira and the US dollar.

2. EURHKD, EURCHF - the growth of these graphs means the weakening of the Hong Kong dollar and the Swiss franc against the euro.

market sentiment ratio long short positions

Top Losers - foreign exchange market (Forex)

1. USDCNH, USDMXN - the fall of these graphs means the weakening of the US dollar against the Chinese yuan and the Mexican peso.

2. USDJPY, USDDDK - the fall of these graphs means the strengthening of the Japanese yen and the Danish krone against the US dollar.

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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