The Russian economy continues to contract after low commodity prices and high interest rates have materially impacted the country
Trading volumes at Alpari have slowed down somewhat in November, with the company reporting the figure at $87.5 billion, which is lower by 3.5 percent when compared to the previous month. The number is also lower by about 3 percent when compared to the average monthly volume for the past twelve months of $90.1 billion.
Looking at a comparison for the same month in 2014, the figure is 5 percent lower than November of last year. A number of brokers have reported slower figures when compared to the month of November, with FXCM Inc (NYSE:FXCM) being the most recent company to report a decline.
The figures at Alpari Russia are also somewhat dependent on the Russian rouble Exchange rates and the economic growth in Russia, which is the biggest market for the brokerage. The company is expected to apply for a regulatory license from the Bank of Russia shortly, as a number of other major brokers have already done.
Looking at recent events, the slide in oil prices has dramatically impacted the exchange rate of the Russian rouble. In the mean time, the Russian economy contracted by 4.1 percent in the third quarter, reflecting an economy that has been suffering on a number of fronts - from low commodity prices to economic sanctions.
In a recent commentary, Barclays highlighted a set of issues which the Bank of Russia is currently facing, "The CBR had previously been prepared to consider cutting rates as early as December, but 'the slowdown in consumer prices occurred somewhat slower than predicted.' The CBR anticipates inflation to decline rapidly and if realised, the CBR indicated it will be prepared to initiate rate cuts at one of its next MPC meetings."
Following up, the economics research team of the London headquartered bank explained, "We largely agree with the CBR's assessment of the Russian economy and anticipate rate cuts beginning in Q1 16."
The pressures on the exchange rate of the Russian rouble are therefore unlikely to continue, with the ongoing decline in a number of commodity exports for the country further pressuring the budgets of retail traders in the region.
Trading volumes at Alpari have slowed down somewhat in November, with the company reporting the figure at $87.5 billion, which is lower by 3.5 percent when compared to the previous month. The number is also lower by about 3 percent when compared to the average monthly volume for the past twelve months of $90.1 billion.
Looking at a comparison for the same month in 2014, the figure is 5 percent lower than November of last year. A number of brokers have reported slower figures when compared to the month of November, with FXCM Inc (NYSE:FXCM) being the most recent company to report a decline.
The figures at Alpari Russia are also somewhat dependent on the Russian rouble Exchange rates and the economic growth in Russia, which is the biggest market for the brokerage. The company is expected to apply for a regulatory license from the Bank of Russia shortly, as a number of other major brokers have already done.
Looking at recent events, the slide in oil prices has dramatically impacted the exchange rate of the Russian rouble. In the mean time, the Russian economy contracted by 4.1 percent in the third quarter, reflecting an economy that has been suffering on a number of fronts - from low commodity prices to economic sanctions.
In a recent commentary, Barclays highlighted a set of issues which the Bank of Russia is currently facing, "The CBR had previously been prepared to consider cutting rates as early as December, but 'the slowdown in consumer prices occurred somewhat slower than predicted.' The CBR anticipates inflation to decline rapidly and if realised, the CBR indicated it will be prepared to initiate rate cuts at one of its next MPC meetings."
Following up, the economics research team of the London headquartered bank explained, "We largely agree with the CBR's assessment of the Russian economy and anticipate rate cuts beginning in Q1 16."
The pressures on the exchange rate of the Russian rouble are therefore unlikely to continue, with the ongoing decline in a number of commodity exports for the country further pressuring the budgets of retail traders in the region.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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