Leap Rate Retail FX Volume Index down explained by professional Forex trading experts the “Leap Rate Retail FX Volume Index down ” FX trading team.
Leap Rate Retail FX Volume Index down
LeapRate’s Retail FX Volume Index, sponsored by Leverate, fell by 5% in August to $167 billion per day from $175 billion in July. Note that July’s figures were off 10.5% from $196 billion daily in June. August’s figures represented the slowest month for FX trading in 2012 so far (see interactive chart below).
Both August and July saw volumes slow as the traditionally slow summer months combined with ultra-low volatility in both the currency and equity markets — the bellwether EURUSD pair traded in a very tight 1.22-1.25 range for virtually the entire two-month period. And as usual, lower volatility brought with it lower trading volumes.
The good news, however, is that we expect September volumes to be significantly higher than both July and August, as volatility returned to the currency and commodity markets, with the EURUSD soaring to (briefly) cross the 1.31 level and both Gold and Oil prices yoyo-ing throughout the month.
LeapRate’s Retail FX Volume Index is a monthly measure of global trading activity in the retail FX sector.
Leap Rate Retail FX Volume Index down Conclusion
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