Top Gainers – The World Market
1. Tesco PLC – the growth in stock prices of the trading network was due to good preliminary results of the 2017/18 fiscal year.
2. Iluka Resources Ltd – stocks of the mining company increased amid a general rise in its main output’s prices: titanium-zirconium ore. The Russian company VSMPO-Avisma may limit supplies of titanium to the United States in response to new anti-Russian sanctions. On April 19, 2018, Iluka Resources will publish its operating results for the first quarter of 2018.
Top Losers – The World Market
1. Liquefied Natural Gas Ltd – stock prices of the Australian manufacturer of equipment for liquefied natural gas (LNG) fell after the sale of the Gladstone LNG plant.
2. China Overseas Land & Investment – stocks of the construction company fell as it issued bonds.
Top Gainers - Foreign Exchange Market (Forex)
1. GBPSEK, GBPCHF The British pound strengthened against the Swedish krona and the Swiss franc. This was due to successful negotiations on the United Kingdom's exit from the European Union, as well as good economic statistics. In particular, UK house prices increased in March, while inflation slowed slightly. The foreign trade deficit decreased in February.
2. EURSEK - The Swedish krona weakened against the euro amid a decrease in the probability of a rate hike by the Bank of Sweden. Inflation rate increased less in March than market participants expected.
Top Losers - Foreign Exchange Market (Forex)
1. USDRUB, EURRUB The Russian ruble significantly strengthened against the US dollar and the euro due to an increase in world oil prices. Hydrocarbons are the main part of Russian exports. In addition, the normalization of the situation in Syria had a positive impact.
2. USDMXN - Preservation of the rate at the level of 7.5% by the Bank of Mexico contributed to the strengthening of the Mexican peso. At the same time, inflation rate for March in Mexico fell to 5.04% year-over-year. The trade balance for March, which may affect the dynamics of the peso, will be published on April 27, 2018.
Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.
This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.
Recommended Content
Editors’ Picks
AUD/USD recovers above 0.6750 after Australian jobs data
AUD/USD picks up a late bid and recovers above 0.6750 in Asian trading on Thursday, following the release of mixed Australian employment data. The extended post-Fed US Dollar recovery, amid a cautious market mood, could limit the pair's upside ahead of US data.
USD.JPY jumps toward 144.00 on the road to recovery
USD/JPY gains traction and approaches 144.00 in Thursday's Asian session. The uptick of the pair is bolstered by the impressive US Dollar recovery. Investors shift their attention to the US data and the Bank of Japan interest rate decision on Friday.
Gold price stalls post-FOMC pullback from all-time peak; lacks firm intraday direction
Gold price oscillates in a range on Thursday and consolidates the previous day's post-FOMC rejection slide from the $2,600 mark or a fresh record high. Persistent geopolitical risks, along with signs of economic trouble in the US and China, lend support to the safe-haven metal.
Ethereum attempts recovery following first rate cut in four years
Ethereum is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's decision to cut interest rates by 50 basis points. Meanwhile, Ethereum exchange-traded funds recorded $15.1 million in outflows.
Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.