Currencies quick out of the gate this morning

Against the current: Markets are down, yet GBP/NZD & EUR/NZD have maintained their composure as top gainers. These currencies are typically quiet, but showed up yesterday to record significant gains.

The leading indices are slipping — EUR/USD drawing back 0.16% to 1.0722. USD/CAD up 0.18%, trading at 1.3624.

On the flip side, United States Consumer Confidence released yesterday at 14:00 UTC is better than expected at 102.3 but down from preceding data of 103.7 according to new data.

What are surprising gainers?

Surprising Gainers are low-performing assets that soared suddenly, and, inconsistent with their past behavior. To be labelled as a "suprising gainer", the stock must gain more than its expected daily return, thus making it surprising. The following list rates assets according to the difference between expectation and actual return: the bigger the difference, the higher the rank.

GBP/NZD rallies beyond 2.0616 for the first time in 3 years

While yesterday ended at 2.0524, today, GBP/NZD rallied above 2.0616 for the first time in 3 years and gained 75 pips — now trading at 2.06. Today's gains are adding to GBP/NZD's a 7 day bullish trend, during which it gained a total of 743 pips.

EUR/NZD | +0.29% to start today's session

EUR/NZD continues a 7 day uptrend, gaining a total of 3.51%. Today's session so far looks to be heading in the same direction — currently trading at 1.78, EUR/NZD remains range-bound between 1.7734 and 1.7816.