Saxo Bank July Volumes Decline as Summer Hits Europe

Saxo Bank has released its July trading volumes. During the month, total volumes were $273 billion, a 6.5% decline from June’s figures. On an average daily volume ratio, activity dropped 18% month over month to $11.9 billion. Saxo Bank commented that the figures are “very much in line with the rest of the industry.”

Following a strong first half of the year, the overall Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry has experienced a double digit decline in volumes during July. The drop has been due to a fall in yen 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 Read this Term which triggered much of the renewed interest this year. In addition, we have entered the summer months which have traditionally been known for lower trading activity. Looking ahead, with Japan’s market cooling, focus has begun to turn towards the US, where comments from the FED, and Chairman Bernanke have led to conflicting opinions on the direction of the dollar. While the ambiguity can lead to range bound markets, it also tends to lead to large directional trades entered by speculators.