Even though markets traded flat yesterday, USD/CHF & GBP/JPY went up and made this list of surprising top currencies gainers.
Markets completed a mixed session yesterday, as USD/JPY gained 0.34% and closed at 139.38. EUR/USD shed 0.34% and closed at 1.075.
This limbo state is reflected by market data published as United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 172,400, while the previous figure was 162,600.
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.
Pound-Yen | Up 0.53% to 175.34 yesterday
- The past 3 months have been positive for Pound-Yen as it added 7.48% compared to its 3-month low of 144.6.
- After ending Thursday at 174.41, Pound-Yen rallied to 175.54 yesterday, hitting its highest point in 7 years. It later lost 20 pips and closed at 175.34.
- Pound-Yen is on a 3 day bullish run gaining 103 pips (1.14%).
Pound-Yen rallied to 175.54, hitting its highest point in 7 years; it later lost 20 pips and closed at 175.34. Pound-Yen now trading 7.48% above its 3-month low of 144.6.
Dollar-Swiss | Closed +0.49% at 0.9033
- As things stand, Dollar-Swiss is 11.31% away from a significant high of 1.0135, first set 7 months ago.
Having set a peak of 1.0135 around 7 months ago, Dollar-Swiss is now trading 11.31% below this level.