Top Gainers and Losers: Canadian Dollar and South African Rand | IFCM Brasil
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Top Gainers and Losers: Canadian Dollar and South African Rand

21/4/2022

Top Gainers Top Gainers - global market

Over the past 7 days, the US dollar index has not changed much. Investors expect the Fed to increase the rate by another 0.5% at the May 4 meeting. Now the rate is 0.5% and looks very low against the backdrop of strong US inflation in March (+8.5% y/y). The Canadian dollar strengthened on the Bank of Canada (BoC) rate hike to 1% from 0.5% last week. We note that in March, Canadian inflation reached 6.7% y/y and exceeded the forecast (+4.9% y/y). Theoretically, because of this, the rate hike could continue. However, the next meeting of the BoC will not take place soon - on June 1. The South African rand weakened amid poor economic performance. Inflation in South Africa reached 5.9% y/y. This is above the South African Reserve Bank rate, which is currently 4.25%. The next meeting of the bank will be on May 19. In addition, the decline in South Africa Mining Production by 6.4% m/m turned out to be worse than the forecast (-0.2% m/m). In general, against the background of the stabilization of the US dollar, there has been a slight decrease in prices for commodities. This had a negative impact not only on the South African rand, but also on the Australian and New Zealand dollars.

1.Marriott International, Inc., +16,6% – international hotel and timeshare chain

2. MOL (Mitsui OSK Lines, Ltd.), +14,7% – Japanese maritime transport company

market sentiment ratio long short positions

Top Losers Top Losers - global market

1. China Merchants Bank Co., Ltd. – Chinese bank

2. Alibaba Group – Chinese online store.

market sentiment ratio long short positions

Top Gainers 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. CADJPY, CADCHF - the growth of these charts means the weakening of the Japanese yen and the Swiss franc against the Canadian dollar.

market sentiment ratio long short positions

Top Losers Top Losers - foreign exchange market (Forex)

1. USDRUB, EURRUB - the decline in these charts means the weakening of the US dollar and the euro against the Russian ruble.

2. AUDCAD, NZDCAD - the decline in these charts means the strengthening of the Canadian dollar against the Australian and New Zealand dollars.

market sentiment ratio long short positions

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Nota de rodapé:
Esta visão geral é apenas para fins informativos e educacionais, e é publicada de forma gratuita. Todos os dados contidos neste documento são obtidos de fontes públicas que são consideradas mais ou menos confiáveis. Ao mesmo tempo, não há garantias de que as informações são completas e precisas. No futuro, as visões separadas não são atualizadas. Todas as informações em cada visão geral, incluindo opiniões, índices, gráficos etc., são apresentadas apenas para fins informativos e não são aconselhamentos financeiros ou recomendações. Todo o texto e qualquer parte dele, assim como os gráficos não podem ser considerados como uma oferta para realizar quaisquer transações com qualquer ativo. A empresa IFC Markets e seus funcionários sob nenhumas circunstâncias não são responsáveis ​​por quaisquer acções, realizados por uma pessoa durante ou depois de ler a visão geral.

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