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-induced volatility. Indeed, the event helped kindle a surge in turnover given the unexpected result that largely took markets by surprise.
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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.