Can You Guess What the Most Popular Trading Pair Was During Q4 2016?

The latest report from the Finance Magnates Intelligence Department reveals that USD pairs comprised the largest share of trading during the fourth quarter of 2016, with cable (GBP/USD) leading the pack.

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As we last reported, retail 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 traders were drawn to the high volatility offered by the British currency in September 2016 due to the turmoil around the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term. The new analysis shows this situation continued during the last three months of the year as GBP/USD remained the most popular pair during the period.

The data also shows that in total, pairs involving GBP made up 11.7% of trading volumes (most of it the cable volume of course), just beneath JPY pairs at 12.8%. The leading currency in all trades was the USD with 30.4% and the EUR was in second place with 16.8%.

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This research is based on analysis of data from thousands of positions, powered by trader consulting service firm Tradeproofer.

This is the latest publication from the FM Indices – a new cross-industry benchmark created with a methodological formula that matriculates data from three main sources: insider information, our unique database and technological BI tools.

In today’s business world, big-data analysis and access to objective information sources are crucial to success. Unfortunately, until now it has been very difficult and costly, if possible at all, to find any reliable benchmarks for operations in social, FX, binary options and CFDs trading.

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