Even though markets are flat, GBP/NZD & USD/CHF are up and make this list of surprising top currencies gainers.
Markets are mixed with EUR/USD drawing back 0.38% to 1.0778. AUD/USD slipping 0.6% and closing at 0.6613.
Current market events are being influenced by ambiguous macro data as United States New Home Sales (Apr) came out at 683,000, while a consensus of analysts was expecting 663,000.
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.
GBP/NZD | +0.51%; session high: 1.9885 session low: 1.9744
GBP/NZD spikes to 1.9869, climbing by 100 pips.