Even though markets are flat, EUR/GBP & EUR/NZD are up and make this list of surprising top currencies gainers.
Markets are mixed with GBP/USD drawing back 0.34% to 1.2041. AUD/USD up 0.31%, trading at 0.673.
Current market events are being influenced by ambiguous macro data as highly important Crude Oil Inventories data from United States beat analyst expectations of -1.66 million with a reading of -5.89 million.
What are surprising gainers?
Surprising Gainers are low-performing assets that have jumped up in a way that is inconsistent with their past behavior and gained more than their expected daily return, thus making them surprising. The following list rates assets according to the difference between expectation and actual return: the bigger the difference, the higher the rank.
EUR/NZD | +0.36% in mid-session
EUR/NZD continues a 4 day surge, reaping a total of 1.9%. Heading in the same direction for now — EUR/NZD posts light gains on a low-volatility day, ranging between 1.6796 – 1.6922 and is now at 1.6908.
Euro-Pound | +0.52% in mid-session
Euro-Pound continues a 9 day uptrend, gaining a total of 2.74%. Consistent for now — tentatively higher from an earlier low of 0.8764, Euro-Pound is up to 0.8822 today, adding 45 pips, or 0.52%, to yesterday's closing price of 0.8777.