Top Gainers and Losers: British Pound and Canadian Dollar


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)

Top Losers - global market

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

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

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.

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.