Alpari RU has reported its volumes in Russia and the Commonwealth of Independent States (CIS) for the month ending July 2015, which again saw a marginal decline MoM from June, according to an Alpari RU statement.
Last month saw Alpari RU’s Russian and CIS volumes retreat slightly to $94.4 billion in June 2015, having incurred a slight decline of less than -1.0% MoM from $95.0 billion in May 2015 – the continued weakness highlights a stagnant consolidation in its trading volumes despite a healthy bout of volatility in the financial markets.
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Moving towards the present however, volumes at Alpari RU for the month ending July 2015 again inched lower, this time by a factor of -0.8% MoM to $93.6 billion. In addition to the volumes report, during the month ending July 2015, the currency pair that saw the highest monthly turnover and usage growth at Alpari was the USD/JPY, which witnessed a 20% MoM growth from June 2015. This represents a departure from June 2015, in which the EUR.USD claimed this spot as the most popular tradable entity at the brokerage.
The volumes report during July 2015 includes a window that closed ahead of a number of convulsing market movements in August. As a result, the heightened state of volatility brought on by catalysts such as China and the lingering specter of the Fed rate hikes could help allay a stagnation in volumes at Alpari, ultimately snapping the metrics out of a tight consolidation in Q3 2015.