Forex Crunch » forex volume

$5 Trillion A Day During the Summer – Forex Trading Rocks

Yohay — Sat, 09 Jul 2011 19:25:44 +0000

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 the record turnover. Another reason for this record was the press conference by Ben Bernanke, in which he announced the end of QE2 and no QE3. Given the recent jobs report in the US, perhaps QE3 could return to the table.

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Forex Trading with Tighter Clocks

Yohay — Sun, 13 Mar 2011 09:30:57 +0000

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 see how it works:

On Sunday, March 13th, the clock moves forward in the US and Canada. So, the New York session begins one earlier,already at 12:00 GMT. The London session begins that begins at 8:00 GMT ends at 17:00 GMT. So instead of 4 overlapping hours (13:00 to 17:00), we get 5. These hours, have the highest trade volume and include the most important American releases, which are 12:30 and 14:00 at DST.

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Forex Volume Falling in 2011?

Yohay — Tue, 04 Jan 2011 13:18:42 +0000

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 the regulation will also have a positive effect – bringing more mainstream traders and investors to forex, while sending the gamblers elsewhere.

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Forex on the Rise

Yohay — Tue, 03 Aug 2010 12:07:47 +0000

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 once every three years and is very important:

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Impact of Clock Shift On Forex

Yohay — Sun, 14 Mar 2010 10:08:42 +0000

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.

The London and New York sessions are the most intensive and usually the most volatile in the forex market. Both cities are major global financial centers. The London session is between 8:00 to 17:00 GMT and the New York session is between 13:00 to 22:00 GMT.

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Interest in Forex Grows with Fear

Yohay — Wed, 11 Nov 2009 17:11:08 +0000

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 portfolios are plunging. Forex still didn’t reach out to the masses, but it did draw more money and more interest following the crisis.

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Canadian Dollar Outlook – August 31 – September 4 2009

Yohay — Sun, 30 Aug 2009 01:00:50 +0000

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:

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