Ajata Posted August 3, 2009 Report Share Posted August 3, 2009 here is an extract from a report that ive fond online, has it affected any of your trading? Unfortunately the forex market has not escape the impact of global deleveraging and the failure of Lehman Brothers in 2008. Central banks from around the world have released their semi-annual foreign exchange surveys and based upon all of the reports, forex trading volume decreased significantly between April 2008 and April 2009. Investors large and small have reduced risk with carry trades unwound aggressively. The lack of participation may explain why the major currency pairs have been stuck in a range since the beginning of May. In New York for example, forex spot trading volume fell to the lowest level in more than 3 years. London remains the most active forex trading center followed by NY and Tokyo. The EUR/USD is still the most actively traded currency pair by far. Here are some stats (all of data is in billions of U.S. dollars): - Britain is the world’s biggest FX trading hub with over a third of global turnover. - Average daily turnover in forex products fell 20% since October 2008 to $1,356B, down 25% from April 2008 - Majority of decline was attributed to less activity in spot FX which fell 28% - The most heavily traded currency pair was euro/dollar, which accounted for 32% of total turnover. Quote Link to comment Share on other sites More sharing options...
Hacker1713006064 Posted August 3, 2009 Report Share Posted August 3, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks with people not buying as much the need for exchange has slowed.. Plus we are at the peak of summer vacations in europe... expect it to start increasing again real soon.. The fall is always the best anyway.. Quote Link to comment Share on other sites More sharing options...
birt Posted August 4, 2009 Report Share Posted August 4, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks here is an extract from a report that ive fond online, has it affected any of your trading? Unfortunately the forex market has not escape the impact of global deleveraging and the failure of Lehman Brothers in 2008. Central banks from around the world have released their semi-annual foreign exchange surveys and based upon all of the reports, forex trading volume decreased significantly between April 2008 and April 2009. Investors large and small have reduced risk with carry trades unwound aggressively. The lack of participation may explain why the major currency pairs have been stuck in a range since the beginning of May. In New York for example, forex spot trading volume fell to the lowest level in more than 3 years. London remains the most active forex trading center followed by NY and Tokyo. The EUR/USD is still the most actively traded currency pair by far. Here are some stats (all of data is in billions of U.S. dollars): - Britain is the world’s biggest FX trading hub with over a third of global turnover. - Average daily turnover in forex products fell 20% since October 2008 to $1,356B, down 25% from April 2008 - Majority of decline was attributed to less activity in spot FX which fell 28% - The most heavily traded currency pair was euro/dollar, which accounted for 32% of total turnover. Personally, I haven't been trading since a while before the crisis began. However, I plan to restart soon. There are probably many others in the same situation. Quote Link to comment Share on other sites More sharing options...
Ajata Posted August 6, 2009 Author Report Share Posted August 6, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks with people not buying as much the need for exchange has slowed.. Plus we are at the peak of summer vacations in europe... expect it to start increasing again real soon.. The fall is always the best anyway.. Interesting, i did not know that fall is the best time for fx trading.... Quote Link to comment Share on other sites More sharing options...
hatter1000 Posted August 11, 2009 Report Share Posted August 11, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks Still the biggest financial game in town Quote Link to comment Share on other sites More sharing options...
gkris6 Posted August 12, 2009 Report Share Posted August 12, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks I guess the NFA rule change doesn't stop the game after all. Quote Link to comment Share on other sites More sharing options...
Hacker1713006064 Posted August 12, 2009 Report Share Posted August 12, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks I guess the NFA rule change doesn't stop the game after all. I have an ea that monitors/counts actual tick counts etc.. The brokers I have for demo include FXDD, FxPro, NordMarkets, FXSol Australia and Collective.. My live accounts are on 3 of those.. I have noticed in the last 2 weeks that FXDD tick count is way down... As of Today the FxPro tick count now exceeds FXDD.. That has not happened since Ive been doing this stuff (2 years).. FXDD has always kinda been my bell weather if you will.. Well that has changed.. I am now kinda getting eratic tick and volume counts with them.. The ONLY thing I can contribute this sudden 2 week downturn to in just this one broker is the NFA junk.... Still the biggest financial game in town Well actually OIL is the biggest money mover on the planet.. No matter how you trade it OIL moves more cash than anything.. I trade oil almost every day on several brokers, including some forex brokers, FxPro being one.. Heres what OIL has done Today.. Several 100 pip or more trends.. http://i27.tinypic.com/34nf5g0.jpg Quote Link to comment Share on other sites More sharing options...
mikemast77 Posted August 14, 2009 Report Share Posted August 14, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks Can you trade oil the same as forex? I saw how in fxpro you can trade a lot more than currency. Quote Link to comment Share on other sites More sharing options...
mikemast77 Posted August 14, 2009 Report Share Posted August 14, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks I dont think that FXDD is part of the NFA...unless they just joined up. Quote Link to comment Share on other sites More sharing options...
traderforex09 Posted August 14, 2009 Report Share Posted August 14, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks oil would be the escape for forex traders ,volume is still hight but there will be no oil after some years lol so you will not have this opportunity after Quote Link to comment Share on other sites More sharing options...
kokowawa Posted August 15, 2009 Report Share Posted August 15, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks interesting information, although there is a lot of information needed to support Quote Link to comment Share on other sites More sharing options...
vladv Posted August 15, 2009 Report Share Posted August 15, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks I have an ea that monitors/counts actual tick counts etc.. The brokers I have for demo include FXDD, FxPro, NordMarkets, FXSol Australia and Collective.. My live accounts are on 3 of those.. I have noticed in the last 2 weeks that FXDD tick count is way down... As of Today the FxPro tick count now exceeds FXDD.. That has not happened since Ive been doing this stuff (2 years).. FXDD has always kinda been my bell weather if you will.. Well that has changed.. I am now kinda getting eratic tick and volume counts with them.. The ONLY thing I can contribute this sudden 2 week downturn to in just this one broker is the NFA junk.... Still the biggest financial game in town Well actually OIL is the biggest money mover on the planet.. No matter how you trade it OIL moves more cash than anything.. I trade oil almost every day on several brokers, including some forex brokers, FxPro being one.. Heres what OIL has done Today.. Several 100 pip or more trends.. http://i27.tinypic.com/34nf5g0.jpg Hacker,please can you share with us the EA thast you are using and the indicator/s that are showing in that screenshot!? Quote Link to comment Share on other sites More sharing options...
fscrp Posted August 15, 2009 Report Share Posted August 15, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks I dont think that FXDD is part of the NFA...unless they just joined up. FXDD has their application in and are awaiting approval :( Quote Link to comment Share on other sites More sharing options...
stingrayzz Posted August 24, 2009 Report Share Posted August 24, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks Hello, Not only can you use oil in your decision to trading the eur/usd but you can use gold and the Dow Jones Industrials Average. I use all three from time to time when I look to trade the eur/usd. If people are interested in this type of trading you can get more information at h**p://www.dailyfx.com/story/dailyfx_reports/cross_markets_data_reaction/Forex_Correlations_Signal_Euro_US_Dollar_1220292764363.html Below is an example of oil and the eur/usd. Euro/US Dollar and Oil Futures The correlation between the EURUSD and NYMEX Crude Oil futures has recently hit its highest levels since the inception of the euro—underlining the importance of commodity prices in determining the trajectory of the US dollar. It seems that the relationship between oil and the US dollar remains stable, and we would argue that it will be important to watch for any significant price moves in oil while trading the US dollar and vice-versa. Quote Link to comment Share on other sites More sharing options...
Oindah Posted September 4, 2009 Report Share Posted September 4, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks In other trading, benchmark crude for October delivery fell 9 cents to settle at $67.96 a barrel on the New York Mercantile Exchange. In London, Brent crude dropped 54 cents to settle at $67.12 on the ICE Futures exchange. On Monday, Spokane, Washington-based utility Avista Corp. said it wants to reduce natural gas prices for its Oregon customers to the lowest levels in five years. And in the Midwest, Alliant Energy Corp. and Wisconsin Public Service Corp. both predicted heating bills would drop around 20 percent. Quote Link to comment Share on other sites More sharing options...
karanmehta Posted September 5, 2009 Report Share Posted September 5, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks Well I think as soon as we are done with the recession...the volume will pick up again. In any case even with this slow market..FOREX is still much more liquid than any other financial market. Quote Link to comment Share on other sites More sharing options...
MusicMaker Posted September 30, 2009 Report Share Posted September 30, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks Well I think as soon as we are done with the recession...the volume will pick up again. In any case even with this slow market..FOREX is still much more liquid than any other financial market. IF we are ever done with the recession. Quote Link to comment Share on other sites More sharing options...
Tick4x Posted September 30, 2009 Report Share Posted September 30, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks I have a close friend working at managerial level in the backoffice of one of the international banks and she told me that - just the contrary to the public belief - the banks' volume and P/L on Forex is only marginal now. Quote Link to comment Share on other sites More sharing options...
crips Posted October 1, 2009 Report Share Posted October 1, 2009 Re: FX Market is Slowing! Forex Trading Volume Shrinks For retail traders as most of us here are those kind of volume drops do not have almost any impact to us or our trading. Ofcourse we can see that ourselfe that the markets do not move so fast any more as they use to do but it is the fact we have to coap with. Quote Link to comment Share on other sites More sharing options...
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