Alpari RU's Volumes Buck Industry Trend, Fall During June Despite Brexit
- Alpari could not get its volumes back on track during June, despite a surge of volatility from the Brexit fallout.
Alpari Russia has disclosed its latest trading volumes during the month of June 2016, which bucked an industry trend and incurred a monthly decline in its turnover relative to May 2016, according to an Alpari statement.
Overwhelmingly, volumes at both retail and institutional venues have been markedly higher in June 2016, helped in large part by 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 -induced Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders . Indeed, the event helped kindle a surge in turnover given the unexpected result that largely took markets by surprise.
Alpari Russia however could not capture any volumes gains during the month, which was indicated by a turnover of $78.7 billion during June 2016. This corresponded to a decline of -11.6% MoM from $89.0 billion in May 2016, again extending a downward decline in successive months. Alpari’s waning volumes have shown no signs of retreating recently, and are now firmly in the midst of a summer rut.
In looking closer at the latest batch of volumes and statistics, June 2016’s trading was once again led by the GBP/USD currency pair, with the USD/JPY also seeing gains. The latter pair rose 6.0% MoM while the XAU/USD saw the largest gains of the month at 34.0% tying a September 2014 record, sparked by a surge in precious metals prices after uncertainty abounded in markets.
Alpari Russia has disclosed its latest trading volumes during the month of June 2016, which bucked an industry trend and incurred a monthly decline in its turnover relative to May 2016, according to an Alpari statement.
Overwhelmingly, volumes at both retail and institutional venues have been markedly higher in June 2016, helped in large part by 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 -induced Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders . Indeed, the event helped kindle a surge in turnover given the unexpected result that largely took markets by surprise.
Alpari Russia however could not capture any volumes gains during the month, which was indicated by a turnover of $78.7 billion during June 2016. This corresponded to a decline of -11.6% MoM from $89.0 billion in May 2016, again extending a downward decline in successive months. Alpari’s waning volumes have shown no signs of retreating recently, and are now firmly in the midst of a summer rut.
In looking closer at the latest batch of volumes and statistics, June 2016’s trading was once again led by the GBP/USD currency pair, with the USD/JPY also seeing gains. The latter pair rose 6.0% MoM while the XAU/USD saw the largest gains of the month at 34.0% tying a September 2014 record, sparked by a surge in precious metals prices after uncertainty abounded in markets.