Top Gainers and Losers: Swiss Franc and Turkish Lira | IFCM Turkey
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Top Gainers and Losers: Swiss Franc and Turkish Lira

3/7/2023

Top Gainers - Global Market

Over the past 7 days, the American dollar has remained almost unchanged. According to the CME FedWatch tool, there is an 89% probability of the U.S. Federal Reserve raising interest rates at the meeting on July 26th. The Swiss franc has strengthened due to positive economic indicators such as Credit Suisse Switzerland Economic Expectations and KOF Switzerland Economic Barometer. The Turkish lira weakened as a result of persistently high inflation in the country. In May, inflation reached 39.59% year-on-year, significantly surpassing the Turkish Central Bank's interest rate of 15%..

1. BCHUSD, +52.4% – Bitcoin Cash cryptocurrency

2. LTCUSD, +26.9% – Litecoin cryptocurrency

market sentiment ratio long short positions

Top Losers - Global Market

1. Nippon Telegraph and Telephone Corp. – Japanese telecommunications company

2. CORN – CFDs on corn futures

market sentiment ratio long short positions

Top Gainers - Forex Market (Forex)

1. EURTRY, USDTRY - The growth in the data of these graphs indicates the strengthening of the euro and the American dollar against the Turkish lira.

2. EURSEK, USDCNH - The growth in the data of these graphs indicates the weakening of the Swedish krona against the euro and the Chinese yuan against the American dollar.

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Top Losers - Forex Market (Forex)

1. CADCHF, AUDCHF - The decline in the data on the graphs indicates the weakening of the Canadian and Australian dollars against the Swiss franc.

2. USDNOK, GBPCHF - The decrease in the data on the graphs indicates the strengthening of the Norwegian krone against the American dollar and the Swiss franc against the British pound.

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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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