Top Gainers and Losers: British Pound and Canadian Dollar | IFCM Tanzania
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Top Gainers and Losers: British Pound and Canadian Dollar

20/1/2023

Top Gainers - global market

Over the past 7 days, the US dollar index has not changed much. Investor activity throughout the week was not high due to the holiday (Martin Luther King Jr. Day) on Monday. Probably, investors are waiting for the publication of preliminary data of the United States Gross Domestic Product (GDP) on January 26th. Last week, cryptocurrencies rose in price amid the relatively calm bankruptcy of the FTX crypto exchange and other crypto companies. The strengthening of the British pound was supported by good economic indicators on the labor market. Unemployment in November remained at the level of October (3.7%). The growth of the United Kingdom Consumer Price Index slowed down in December to +10.5% y/y. This is better than expected. Inflation in Japan in December (+4% y/y) turned out to be better than the forecast (+4.4% y/y). This supported the yen. The Canadian dollar weakened slightly on the back of lower retail sales in November. Negative for the South African rand was the decline in the economic performance of South Africa Mining Production, Gold Production in November, as well as the weak growth of South Africa Retail Sales.

1. SOLUSD, +32.9% – Solana cryptocurrency (SOL)

2. BTCUSD, +20% – Bitcoin cryptocurrency (BTC)

market sentiment ratio long short positions

Top Losers - global market

1. NATGAS – CFD on Henry Hub Natural Gas Futures (USA)

2. KeyCorp – American Financial and Banking Association (KeyBank National Association).

market sentiment ratio long short positions

Top Gainers - foreign exchange market (Forex)

1. EURZAR, USDZAR - the growth of these charts means the strengthening of the euro and the US dollar against the South African rand.

2. GBPCAD, GBPUSD - the growth of these charts means the weakening of the Canadian and US dollars against the British pound.

market sentiment ratio long short positions

Top Losers - foreign exchange market (Forex)

1. AUDJPY, NZDJPY - the decline of these charts means the weakening of the Australian and New Zealand dollars against the Japanese yen.

2. USDJPY, CADJPY - the decline of these charts means the strengthening of the Japanese yen against the US and Canadian dollars.

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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