Retail forex broker Alpari has just reported its monthly trading volumes for January 2018, which took another step forward, ultimately adding to the December’s strong performance, according to a corporate statement.
As the calendar flipped to 2018, Alpari disclosed that a total of $133.7 billion was traded in the first month of the new year, which represents a move higher over a monthly timeframe, as volumes jumped 7 percent month-over-month from $125 billion back in December 2017.
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The continued rebound highlights the fact that the broker has been able to capitalise on the healthy bouts of volatility that have been rocking financial markets in the busiest January in several years.
In connection with the increased volatility of the shared currency, which printed fresh 4-year highs last month against the US dollar, as well as optimism about the ECB’s tightening cycle, trading on EUR instruments enjoyed far greater popularity among Alpari’s clients in the previous month.
Specifically, the turnover of EURUSD increased 27 percent month-over-month, while USDJPY and EURAUD currency pairings ticked up by 12 percent and 54 percent, respectively, in January 2018.
Last month, the company reported increased levels of trading turnover in 2017. Overall, the yearly turnover totals exceeded $1.3 trillion, to surpass 2016 level by 29%.