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Screenshot of a breaking news alert e-mail from Q2 2017
Alpari has released its volume figures for the month of June in with regard to its Russia and CIS operations, which stand at $ 88.5 billion, representing a further month during which the firm experienced less than $100 billion.
During May this year, Alpari’s Russian business amounted to $93.3 billion, representing the first time that the company has experienced a dip below the $100 billion per month mark since the notoriously low points which prevailed across the entire industry in 2012.
Despite a slight improvement in trading activity during June for many firms, Alpari’s results for last month did not reflect that dynamic, instead reducing by a further 5% to a further low point which the company has not experienced for over a year and a half.
As far as the distribution of currency pairs is concerned, EURUSD trading accounted for 48.9% of FX trading at Alpari in June, whereas GBPUSD accounted for 21.2% and USDJPY weighing in at 4%.
Alpari’s stellar start to the year provided more than a degree of confidence, with January and March having been months in which the firm generated significantly higher volumes than many other firms, however it is apparent that the slow but steady recovery which is emerging in many regions has yet to make its way to Russia and the CIS.