FX Trading Volumes at Alpari Russia Rise by 9% in July

Wednesday, 13/08/2014 | 09:32 GMT by Victor Golovtchenko
  • Trading volumes across Russia and CIS has rebounded closing on on early spring levels, after a second quarter which marked three months of consecutive declines in activity across the local foreign exchange markets.
FX Trading Volumes at Alpari Russia Rise by 9% in July
alpari logo

FX trading volumes at Alpari Russia have kicked off the new quarter with a rebound, reversing the three months which concluded the previous quarter with consecutive declines, in tandem with a slightly better FX Volatility environment which is slowly rising as major currency pairs break out of medium-term ranges. The company's announcement reveals July's FX volumes rising by 9% over the month of June, which resulted in $97.2 billion.

This month the company will not be providing a detailed breakdown of its results by currency pair, however, with the information that the EUR/USD pair accounted for almost half of trading activity (48.9%) last month, the break out from yearly ranges should have benefitted it the most.

As the geopolitical spat between the West and Russia intensifies, activity on the local foreign Exchange market is likely to continue increasing. The results posted by Alpari Russia include trading in the whole region - Russia and CIS (Commonwealth of Independent States), including trading volumes from Ukraine, where we saw the local currency drop to its lowest level ever. Increasing worries by investors about the ability of the Ukrainian government to handle the escalating situation in Eastern Ukraine spells increased uncertainty in the coming months.

Related articles

alpari logo

FX trading volumes at Alpari Russia have kicked off the new quarter with a rebound, reversing the three months which concluded the previous quarter with consecutive declines, in tandem with a slightly better FX Volatility environment which is slowly rising as major currency pairs break out of medium-term ranges. The company's announcement reveals July's FX volumes rising by 9% over the month of June, which resulted in $97.2 billion.

This month the company will not be providing a detailed breakdown of its results by currency pair, however, with the information that the EUR/USD pair accounted for almost half of trading activity (48.9%) last month, the break out from yearly ranges should have benefitted it the most.

As the geopolitical spat between the West and Russia intensifies, activity on the local foreign Exchange market is likely to continue increasing. The results posted by Alpari Russia include trading in the whole region - Russia and CIS (Commonwealth of Independent States), including trading volumes from Ukraine, where we saw the local currency drop to its lowest level ever. Increasing worries by investors about the ability of the Ukrainian government to handle the escalating situation in Eastern Ukraine spells increased uncertainty in the coming months.

Related articles

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
  • 27 Followers
About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 27 Followers

More from the Author

Retail FX

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}