Top Gainers - global market
Over the past 7 days, the US dollar index has continued to rise and has updated a new 2-year high. Investors expect the Fed to increase the Fed rate by another 0.5% at the meeting on May 4. Now the rate is 0.5% and looks very low against the background of powerful US inflation in March (+8.5% y/y). A similar situation is observed in Britain. High inflation (+7% y/y) in March could also strengthen expectations of a Bank of England (+0.75%) rate hike. The increase in the price of US natural gas was supported by good demand for liquefied natural gas (LNG) in the European Union after the imposition of sanctions on Russian pipeline gas supplies. The strengthening of the Russian ruble continued thanks to Russia's decision to sell natural gas and some other resources for rubles. The New Zealand dollar weakened despite the increase in the Reserve Bank of New Zealand to 1.5% from 1%. Investors fear high inflation in New Zealand according to data for the 1st quarter of this year. They will be published on April 20th. In the 4th quarter consumer prices increased by 5.9% y/y. The Australian dollar weakened despite good labor market data for March.
1.K&S AG, +17,6% – German manufacturer of potash fertilizers
2. Natural Gas, +16,2% – US Natural Gas CFDs (Henry Hub Natural Gas Futures)
Top Losers - global market
1. AT&T Inc – American telecom company
2. Lenovo Group Limited – Chinese manufacturer of computer and electronic equipment.
Top Gainers - foreign exchange market (Forex)
1. GBPNZD, EURNZD - the growth of these charts means the strengthening of the British pound and the euro against the New Zealand dollar.
2. GBPJPY, GBPAUD - the growth of these charts means the weakening of the Japanese yen and the Australian dollar against the British pound.
Top Losers - foreign exchange market (Forex)
1. USDRUB, EURRUB - the decline of these charts means the weakening of the US dollar and the euro against the Russian ruble.
2. AUDUSD, NZDUSD - the decline of these charts means the strengthening of the US dollar against the Australian and New Zealand dollars.