The volume
of trades that are being executed daily in the Foreign Exchange Market is
rising. The average daily volume for the month of October in North America was
more than one trillion Dollars. Daily Forex volume turnover in the United
Kingdom has also been on the rise, reaching record highs in April of last year.
That month, the daily average turnover for the Forex market was 2.7 trillion
Dollars. In Japan the daily Forex turnover is rising as well with 373 billion
Dollars exchanging hands on a daily basis.
The data
shows that more traders are being attracted to the Forex market every day and
the Forex stays as the financial market with the highest expansion rate.
However, we must keep in mind that the rising figures in the Forex daily
turnover is also being caused in great part by the rising volatility. The divergent
monetary policies between the FED and the European Central Bank has fueled the
current volatility that we are seeing in the markets and that is why volumes
are also rising.
Thanks for the review, I'll keep an eye on developments.
ReplyDeleteGreat post, very educational.
ReplyDeleteThat was interesting to read, thanks!
ReplyDeleteGood post!
ReplyDeleteI really enjoyed reading it!
Well done with the post.
ReplyDeleteForex market always have huge turnovers.
ReplyDeleteInteresting post, thank you.
ReplyDeletegreat post and very useful information
ReplyDeleteExcellent reading.
ReplyDelete