Russian Market Weak as Alpari Russia Reports Volumes up Merely 3.5%
- Retail trading activity on the Russian market remains stagnant as FX trading volumes at Alpari Russia mark a tiny increase when compared to booming figures across the foreign exchange industry in October.
According to data published by Alpari Russia, trading volumes at the Russian brokerage increased by a mere 3.5% in October when compared to last month's solid rebound in tandem with the broad industry. The broad weakness of the Russian economy is starting to weigh on the pockets of the average consumer.
Trading volumes totaled above $108 billion in October, and while the number remains solid the increases across other major retail brokerages have marked much starker increases.
The company continued expanding its offerings to clients last month, offering 7 new currency pairs for the fx.option accounts for trading binary options, including the EUR/GBP, USD/CAD and USD/RUB.
Subdued activity on the Russian market comes as no surprise as the local population's purchasing power has been substantially eroded in recent months after the imposition of sanctions by the European Union and the retaliation from the Russian government which has led to drastically higher food prices.
The Bank of Russia was forced to abandon its efforts to defend the Russian ruble with open market operations, and instead has taken measures to stabilize the currency by limiting ruble Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and cutting the size of its FX swap offers to banks to a maximum of only $2 billion a day until the end of this month.
According to data published by Alpari Russia, trading volumes at the Russian brokerage increased by a mere 3.5% in October when compared to last month's solid rebound in tandem with the broad industry. The broad weakness of the Russian economy is starting to weigh on the pockets of the average consumer.
Trading volumes totaled above $108 billion in October, and while the number remains solid the increases across other major retail brokerages have marked much starker increases.
The company continued expanding its offerings to clients last month, offering 7 new currency pairs for the fx.option accounts for trading binary options, including the EUR/GBP, USD/CAD and USD/RUB.
Subdued activity on the Russian market comes as no surprise as the local population's purchasing power has been substantially eroded in recent months after the imposition of sanctions by the European Union and the retaliation from the Russian government which has led to drastically higher food prices.
The Bank of Russia was forced to abandon its efforts to defend the Russian ruble with open market operations, and instead has taken measures to stabilize the currency by limiting ruble Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and cutting the size of its FX swap offers to banks to a maximum of only $2 billion a day until the end of this month.