Turnover jumped to $120.8 billion in August, helped by tension over North Korean and erosion of the USD.
International Forex brokerage Alpari has reported its total trading turnover for August 2017. Jolted by escalating volatility across markets and a steady erosion of the USD, the group registered a healthy gain on a monthly basis en route to its highest figure of H2 2017.
August 2017 was characterized as a highly active month, especially when weighed against the normal seasonal lulls that afflict markets during the month of August. Tensions in North Korea ratcheted up, which helped spur markets and moved several currencies into safe havens. The USD continued its decline to multi-year lows against key majors, creating a highly dynamic market environment.
The total turnover in August 2017 at Alpari was reported at $120.8 billion, easily beating its July 2017 figure of just $106.1 billion – this was good for a growth of 13.8 percent on a month-over-month basis. The aforementioned factors were the paramount drivers of the group’s volumes. The group has seen its turnover edge higher for consecutive months.
Looking deeper into August 2017, the five currency pairs with the highest trading turnover were the EUR/USD, GBP/USD, USD/JPY, XAU/USD, and the USD/CAD. The EUR/USD rose to two-year highs as the dollar found itself under siege for much of the month, which itself saw its respective turnover rise 35 percent month-over-month.
Meanwhile, ongoing Brexit negotiations and setbacks continued to create movement on the GBP/USD front, while the increased activity in the USD/JPY and XAU/USD were largely safe haven plays stemming from fear in the Korean peninsula.
The latest results from Alpari are building off a strong H1. The group recently posted strong H1 results, and the momentum carried into August. With the traditionally slow summer months now behind us, turnover is likely to see an even more pronounced move this fall. A recovery of the USD and unwinding of geopolitical tension could also come into play across the markets.
International Forex brokerage Alpari has reported its total trading turnover for August 2017. Jolted by escalating volatility across markets and a steady erosion of the USD, the group registered a healthy gain on a monthly basis en route to its highest figure of H2 2017.
August 2017 was characterized as a highly active month, especially when weighed against the normal seasonal lulls that afflict markets during the month of August. Tensions in North Korea ratcheted up, which helped spur markets and moved several currencies into safe havens. The USD continued its decline to multi-year lows against key majors, creating a highly dynamic market environment.
The total turnover in August 2017 at Alpari was reported at $120.8 billion, easily beating its July 2017 figure of just $106.1 billion – this was good for a growth of 13.8 percent on a month-over-month basis. The aforementioned factors were the paramount drivers of the group’s volumes. The group has seen its turnover edge higher for consecutive months.
Looking deeper into August 2017, the five currency pairs with the highest trading turnover were the EUR/USD, GBP/USD, USD/JPY, XAU/USD, and the USD/CAD. The EUR/USD rose to two-year highs as the dollar found itself under siege for much of the month, which itself saw its respective turnover rise 35 percent month-over-month.
Meanwhile, ongoing Brexit negotiations and setbacks continued to create movement on the GBP/USD front, while the increased activity in the USD/JPY and XAU/USD were largely safe haven plays stemming from fear in the Korean peninsula.
The latest results from Alpari are building off a strong H1. The group recently posted strong H1 results, and the momentum carried into August. With the traditionally slow summer months now behind us, turnover is likely to see an even more pronounced move this fall. A recovery of the USD and unwinding of geopolitical tension could also come into play across the markets.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
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.
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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 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s 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.
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#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 Africa’s 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 🔗 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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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
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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.
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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
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#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.
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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.
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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.
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