The currencies surprising the market today

Against the grain: Markets are broadly down – however – USD/SGD and USD/CHF have managed to record significant gains to stand out as the market's top gainers. On average, these currencies are subdued, although yesterday's price action saw them recording significant gains.

The leading indices are dropping — USD/JPY up 0.42%, trading at 136.68. GBP/USD trades at 1.1982 after losing 0.37%.

On the flip side, United States Crude Oil Inventories released yesterday at 15:30 UTC is better than expected at 1.17 million but down from preceding data of 7.65 million 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.

Dollar-Swiss | +0.38% in mid-session

• As things stand, Dollar-Swiss is 3.36% away from a significant low of 0.9087 first set 29 days ago.
• While yesterday ended at 0.9393, today, Dollar-Swiss rallied above 0.9433 for the first time in 2 months and gained 36 pips — now trading at 0.9429.
• Dollar-Swiss is on a 3 day uptrend, gaining a total of 0.759%.

While yesterday ended at 0.9393, today, Dollar-Swiss rallied above 0.9433 for the first time in 2 months and gained 36 pips — now trading at 0.9429. Having established significant support at 0.9087 approximately 29 days ago, Dollar-Swiss's share price has bounced 3.36% higher.

USD/SGD | +0.35% in mid-session

Tentatively higher from an earlier low of 1.3391, USD/SGD is up to 1.3463 today, adding 46 pips, or 0.35%, to yesterday's closing price of 1.3416.