Kabu Forex Trading Volumes Continue to Decline in June 2017

Kabu, a Mitsubishi UFJ subsidiary, has reported its preliminary results regarding its trading volumes and other metrics for the month of June 2017. The results include total Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading volumes and forex account numbers. Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term volumes decreased both month-on-month and year-on-year. Forex account numbers displayed a subtle increase despite the declining volumes.

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In June 2017, total forex trading volumes decreased from ¥36,238 trillion ($320,148 billion) in May to ¥32,978 trillion ($291,346 billion), down 8.99 percent on a month-on-month basis. In June 2016, total forex trading volumes stood at ¥40,225 trillion ($355,366 billion), which translates to a decline of 18.01 percent year-on-year. The forex trading daily average in June this year was ¥1499 billion ($13,242 million), down 17.99 percent from last year’s daily average of ¥1828 billion ($16,151 million).

The forex trading accounts, however, slightly increased month-on-month. In June 2017 the number of forex accounts increased from 89,669 in May to 90,057, up 0.43 percent. In June of last year, the number of accounts was 84,595, which means a further increase of 6.46 percent year-on-year.

In June, Kabu.com’s disclosure of the company’s monthly results for May showed the continuation of a negative trend that began in March this year. Trading volumes decrease by 2.9 percent, whereas the number of account remained relatively unchanged.

Before that, the firm reported weakness in April’s forex and options results. Though the decline in volumes was about 6.5 percent, over the counter (OTC) trading managed a slight climb estimated at less than 1 percent.