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March 09, 2023Markets are up, with GBP/USD & GBP/CAD in the lead. These are unique currencies that were not expected on this list of top gainers.
The leading indices are pointing up — USD/JPY drawing back 0.73% to 136.26. USD/CHF slipping 0.57% and closing at 0.9356.
On the other hand, Initial Jobless Claims in United States fell short of market expectations (195,000) with a reading of 211,000, continuing the decline from the previous figure of 190,000.
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.
Sterling-Canadian dollar | +0.4% in mid-session
Sterling-Canadian dollar trades at 1.64 after gaining 65 pips (0.4%).
Sterling-Dollar | +0.71% in mid-session
- Having set a significant low of 1.0181 5 months ago, Sterling-Dollar is trading 16.29% higher.
Having established significant support at 1.0181 approximately 5 months ago, the British Pound's share price has bounced 16.29% higher.
