Even though markets are flat, NZD/USD & EUR/GBP are up and make this list of surprising top currencies gainers.
Markets are mixed with GBP/USD drawing back 0.25% to 1.1329. USD/CHF trades at 0.994 after losing 0.19%.
This limbo state is reflected by market data published as United States NY Empire State Manufacturing Index (Oct) released yesterday at 12:30 UTC with a figure of -9.1, while the previous figure was -1.5.
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.
After four days of declines, Euro-Pound is up 33 pips today
As the session continues, it seems to maintain one direction — currently trading at 0.8692, EUR/GBP remains range-bound between 0.8634 and 0.8704.
Bullish currency pair the New-Zealand Dollar runs out of steam at 0.5705; currently at 0.5684
The New-Zealand Dollar trades at 0.5684 after gaining 69 pips (1.24%).