Top Gainers and Losers: Swiss Franc and Japanese Yen | IFCM Tanzania
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Top Gainers and Losers: Swiss Franc and Japanese Yen

15/9/2022

Top Gainers - global market

Over the past 7 days, the US dollar index has risen, but failed to renew the recent high. The Swiss franc strengthened ahead of the Swiss National Bank meeting on September 22. In June, the bank raised the rate from (-0.75%) to (-0.25%), for the first time since 2007. Investors hope that the tightening of the SNB's monetary policy will continue. The yen weakened on the back of weak economic data and a new record Japan Trade Balance deficit in August (-2.82 trillion yen). The next meeting of the Bank of Japan will take place on September 22. Rate hike (-0.1%) is not expected yet. It has been negative since 2016. The Australian and New Zealand dollars are weakening against the backdrop of a slowdown in the Chinese economy. China is a significant trading partner of these countries.

1. Regeneron Pharmaceuticals Inc, +21,6% – American pharmaceutical company

2. Bausch Health Companies Inc, +21,5% – Canadian pharmaceutical company

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Top Losers - global market

1. XAUXAG – gold tool: gold against silver.

2. Fosun International Limited –diversified holding from Hong Kong.

market sentiment ratio long short positions

Top Gainers - foreign exchange market (Forex)

1. CHFJPY, EURJPY - the growth of these charts means the strengthening of the Swiss franc and the euro against the Japanese yen.

2. EURUSD, EURZAR - the growth of these charts means the weakening of the US dollar and South African rand against the euro.

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Top Losers - foreign exchange market (Forex)

1. AUDCHF, NZDCHF - the drop in these charts means the weakening of the Australian and New Zealand dollars against the Swiss franc.

2. CADCHF, EURCHF - the drop in these charts means the strengthening of the Swiss franc against the Canadian dollar and the euro.

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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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