Alpari Russia has reported its monthly trading volumes for April 2017, which saw a downturn in its turnover relative to last month. The latest volumes came despite an uptick in volatility in Europe, which featured the French elections, easily the biggest market driver for the month.
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Just one month after an upbeat performance in March, the latest tranche of turnover volumes at Alpari Russia were pointed lower, paring the group’s recent gains. More specifically, this entailed a turnover of $95.6 billion in April 2017, compared to $110.6 billion in March 2017, or -13.6 percent month-over-month.
Despite the month-over-month decline, April 2017 did manage to outperform January and February, with Q1 2017 being largely a weaker quarter relative to previous ones – a differential in trading days also contributed to a shift in turnover figures as well.
April 2017 was defined by a seemingly toss-up election in France – consequently, EUR/USD trading was mitigated, likely do to uncertainty in the currency’s overall future, attesting to the importance of the vote. Moreover, the EUR/JPY in particular experienced a surge in trading volumes at Alpari in April 2017, rising 26.0 percent month-over-month.