Post Tagged with: "forex volume"
$5 Trillion A Day During the Summer – Forex Trading Rocks
According to CLS Bank, the volume of forex transaction during the month of June reached $5.12 trillion. This broke a record set in March 2010. This record turnover was 20% higher than one year beforehand. The Greek crisis has a lot to do with it. The near-default experience of Greece is likely the main reason for
Forex Trading with Tighter Clocks
The busiest time of the day in forex trading is about to expand from 4 to 5 hours. This will happen during two weeks when Daylight Savings Time comes into effect in the US and Canada, while European countries wait. Apart from this expanded busy time, some events will get closer, meaning more action. Let’s
Forex Volume Falling in 2011?
LeapRate has a prediction for a falling volume of forex trading in 2011, due to many reasons, including regulation, less volatility and saturation. Francesc Riverola brings their full report. Markets in the West may be saturated, but as Francesc mentions, we’re still seeing rapid growth Asia and the Middle East. In addition, I hope that
Forex on the Rise
Forex trading continues to grow. Two separate reports show that the volume of forex trading is on the rise. This goes hand in hand with the evolution of the industry. According to the Bank of International Settlements, the daily volume of forex trading reached 4.1 trillion US dollars a day. This report is published only
Impact of Clock Shift On Forex
In the US and Canada it’s already summer – at least according to their clocks – they’ve just moved to daylight saving time. European countries make this shift only in two weeks from now. This difference has an impact on forex trading. Let’s see how
Interest in Forex Grows with Fear
There’s a correlation between fear of worsening economic conditions and the interest in forex trading. This can be seen in figures disclosed by big forex portals and also in my internal statistics. Forex trading is at many times an alternative to stock markets. Many forex brokers tease potential customers by pointing out that their stock
Canadian Dollar Outlook – August 31 – September 4 2009
USD/CAD made small gains in the past week, and can go anywhere in the upcoming week. 4 important Canadian releases will shape its direction, especially on Friday. Here’s an outlook for this week’s Canadian events, and an updated technical analysis for USD/CAD. USD/CAD forex chart with support and resistance lines marked inside: Better than expected