Tokyo Financial Exchange figures have declined in July amid subdued activity in some currency pairs.
The Tokyo Financial Exchange has released its numbers for foreign exchange and futures trading on margin transacted through the Click 365 and Kabu Click 365 platforms. The number of FX margin contracts has decreased by 3.1 per cent when compared to last year and by 27.6 per cent when compared to last month, totaling 3,402,708 contracts. On an average daily volumes basis, the figures have decreased to 162,034 contracts.
While the number is substantially lower than in June, the special factors associated with massive Brexit volatility played a big role during the month of July. GBP/JPY and GBP/USD trading has increased by 235 and 180 per cent respectively. Amongst the major gainers during the month has also been the USD/JPY pair, where activity rose 28 per cent.
With the Brexit vote being the main driver behind the rise in GBP trading, the USD/JPY was impacted by the massive swings following the Japanese election and the pledge by Shinzo Abe's government for additional economic stimulus. While fiscally the government is likely to deliver a relatively big package, monetary policy easing has disappointed traders that were bearish on the Japanese yen.
Material declines were seen in trading activity across the euro pairs. Both the EUR/USD and the EUR/JPY have seen declines of 71 and 31 per cent respectively.
Looking at the margin index futures Trading Platform Kabu Click 365, we are seeing declines across the board when compared to the previous month across the Nikkei, Dax and FTSE contracts. The newly introduced Dow Jones contract steals the show with its growth totaling 384.5 per cent month-on-month, albeit from very low base levels.
The Tokyo Financial Exchange has released its numbers for foreign exchange and futures trading on margin transacted through the Click 365 and Kabu Click 365 platforms. The number of FX margin contracts has decreased by 3.1 per cent when compared to last year and by 27.6 per cent when compared to last month, totaling 3,402,708 contracts. On an average daily volumes basis, the figures have decreased to 162,034 contracts.
While the number is substantially lower than in June, the special factors associated with massive Brexit volatility played a big role during the month of July. GBP/JPY and GBP/USD trading has increased by 235 and 180 per cent respectively. Amongst the major gainers during the month has also been the USD/JPY pair, where activity rose 28 per cent.
With the Brexit vote being the main driver behind the rise in GBP trading, the USD/JPY was impacted by the massive swings following the Japanese election and the pledge by Shinzo Abe's government for additional economic stimulus. While fiscally the government is likely to deliver a relatively big package, monetary policy easing has disappointed traders that were bearish on the Japanese yen.
Material declines were seen in trading activity across the euro pairs. Both the EUR/USD and the EUR/JPY have seen declines of 71 and 31 per cent respectively.
Looking at the margin index futures Trading Platform Kabu Click 365, we are seeing declines across the board when compared to the previous month across the Nikkei, Dax and FTSE contracts. The newly introduced Dow Jones contract steals the show with its growth totaling 384.5 per cent month-on-month, albeit from very low base levels.
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
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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#fmas #fmas24 #fmevents #networking #finance #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.
20-22 MAY 2024
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#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.
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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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