{"id":130371,"date":"2018-07-19T11:20:05","date_gmt":"2018-07-19T15:20:05","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=130371"},"modified":"2018-07-19T08:49:53","modified_gmt":"2018-07-19T12:49:53","slug":"sharp-softbank-lead-winners-in-the-weekly-top-gainers-losers","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/07\/sharp-softbank-lead-winners-in-the-weekly-top-gainers-losers\/","title":{"rendered":"Sharp & Softbank lead winners in the WEEKLY TOP GAINERS\/LOSERS"},"content":{"rendered":"
July 19, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Top Gainers \u2013 The World Market<\/h2>\n

1.\u00a0Sharp Corp<\/a>\u00a0\u2013 stocks of the corporation engaged in the production of electronics rose after the cancellation of the additional issue in the amount of 226 billion yen in early July. Now its shares have increased together with the American high-tech companies, as well as amid the weakening of the yen.<\/p>\n

2.\u00a0SoftBank Corp<\/a>\u00a0\u2013 stock prices of the Japanese telecommunication and media corporation rose amid the purchase of Yahoo Japan Corp for $2 billion.<\/p>\n

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\u00a0Top Losers \u2013 The World Market<\/h2>\n

1.\u00a0Asaleo Care Ltd<\/a>\u00a0\u2013 stock prices of the Australian company engaged in the production of hygiene products collapsed after the publication of weak earnings reports for the 2nd quarter of 2018.<\/p>\n

2.\u00a0Hertz Global Holdings<\/a>\u00a0\u2013 stocks of the international car rental company fell, as investors fear that it will be difficult for the company to compete with car sharing companies. Morgan Stanley Bank lowered recommendations for Hertz. The company will publish its earnings report for the second quarter of 2018 only on August 6.<\/p>\n

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\u00a0Top Gainers \u2013 Foreign Exchange Market (Forex)<\/h2>\n

1.\u00a0USDJPY\u00a0<\/a>– the growth of the Japanese yen on the chart indicates its weakening against the US dollar. This occurs due to the difference in monetary policy. The Bank of Japan continues the issue and redemption of assets and maintains the rate at the level of minus 0.1%. The US Fed has already raised its rate to plus 2% and plans to continue the rate hike. On Thursday, the trade balance for June will be released in Japan, and inflation – on Friday. These data may affect the exchange rate of the yen.<\/p>

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\u00a0Top Losers – Foreign Exchange Market (Forex)<\/h2>\n

1.\u00a0EURMXN,\u00a0<\/a>EURZAR<\/a>\u00a0– the decline of this chart means the strengthening of the Mexican peso and the South African rand against the euro. The single currency demonstrates a moderate weakening amid investors\u2019 fears that the terms for the withdrawal of the UK from the EU may be less profitable for the European Union than it was expected. On Friday, the current account balance of the Eurozone will be published, which may affect the dynamics of the euro. The Mexican peso is strengthening amid positive statements by the new president of Mexico, a candidate from the coalition of leftist forces Lopez Obrador, who won the July 1 elections. In addition, investors believe that amid the trade war with China, the US will not demand a rough revision of the trade agreement with Mexico and Canada. The South African rand strengthened ahead of the meeting of the Reserve Bank of South Africa, which will be held on July 19, 2018.<\/p>\n

2.\u00a0USDMXN<\/a>\u00a0– the decline of this chart means the strengthening of the Mexican peso amid the US dollar.<\/p>\n

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Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Top Gainers \u2013 The World Market 1.\u00a0Sharp Corp\u00a0\u2013 stocks of the corporation engaged in the production of electronics rose after the cancellation of the additional issue in the amount of 226 billion yen in early July. Now its shares have increased together with the American high-tech companies, as well as amid the weakening […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-130371","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=130371"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130371\/revisions"}],"predecessor-version":[{"id":130374,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130371\/revisions\/130374"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=130371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=130371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=130371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}