Top Gainers and Losers: Coffee and the Australian Dollar | IFCM Tanzania
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Top Gainers and Losers: Coffee and the Australian Dollar

22/7/2021

Top Gainers Growth Leaders - global market

Over the past 7 days, the US dollar index rose for the second time in anticipation of a tightening of U.S. monetary policy. Federal Reserve. The Australian dollar weakened after the RBA Meeting Minutes and weak June retail sales data. Investors fear that the Reserve Bank of Australia will change its mind about cutting the economic stimulus program. Its next meeting will be on August 3. A meeting of the South African Reserve Bank took place on July 22. He kept the rate at 3.5%, but at the same time raised the forecast for South African GDP growth to 4.2% and lowered the inflation forecast to 4.3% (4.9% in June). This helped to strengthen the South African rand. The Canadian dollar weakened against the background of the correction in world oil prices. Coffee quotes have skyrocketed since November 2014 due to bad weather in Brazil. Conab expects Brazil's coffee harvest to decline this year by 23% to a 4-year low of 48.8 million bags.

1.COFFEE, +16,1% – Arabica coffee CFDs

2. Spark Infrastructure Group, +14% – Australian power investment fund

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Top Losers Loss Leaders - global market

1. China Evergrande Group – Chinese investment, development and construction company

2. &SumOIL/GAS – personal composite tool Brent and WTI against US natural gas.

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Top Gainers Growth Leaders - foreign exchange market (Forex)

1. EURAUD, EURGBP - the growth of these charts means the strengthening of the euro against the Australian dollar and the British pound.

2. USDNOK, NZDCAD - the rise in these charts means weakening of the Norwegian krone and the Canadian dollar against the US and New Zealand dollars.

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Top Losers Loss Leaders - foreign exchange market (Forex)

1. AUDNZD, AUDJPY - the drop in these charts means a weakening of the Australian dollar against the New Zealand dollar and the Japanese yen.

2. AUDCHF, USDZAR - the decline in these charts signifies the strengthening of the Swiss franc against the Australian dollar and the strengthening of the South African rand against the US dollar.

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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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