We are proud to present our July 2024 trading volume report, reflecting a month of vigorous trading and solid performance across our platform.
July Trading Volume Overview 2024
- Total Trading Volume: USD 127.95 billion
- Most Popular Products: XAU/USD, EUR/USD, GBP/USD
- XAU/USD saw the highest trading volume at USD 94.88 billion.
- XAU/USD saw the highest increase, an increase of USD 23.20 billion, or 32.39%.
According to the report, Doo Prime’s total trading volume in July 2024 is valued at USD 127.95 billion, an increase of 21.20% from the previous month. Furthermore, July’s average daily volume (ADV) is USD 4.13 billion, a rise of 17.29% from June.
The financial market was affected by various factors in July. Due to that, the risk aversion sentiment among the investors has risen, causing the funds to flow towards the gold and other safe havens.
One of the main factors contributing to the sentiment among investors was the volatility of the international financial market, such as the less than expected increment rate of the US CPI, etc. In this situation, investors have turned to gold to avoid risk, and XAU/USD became the product with the largest trading volume in July.
Doo Prime’s overall trading volume is in a steady growth state. Year to date, Doo Prime’s total trading volume is valued at USD 698.50 billion, an expansion of 28.30% as compared to the same period last year.
According to the recorded data, XAU/USD, EUR/USD, and GBP/USD were the investor’s top picks, contributing 85.89% of July’s total trading volume. Among them, XAU/USD has the highest monthly trading volume at USD 94.88 billion; while EUR/USD and GBP/USD have a total monthly trading volume of USD 15.01 billion.
As an internationally reputable online broker, we continue to demonstrate strong momentum in trading volume. With our seamless trading platform, well-established industry partnerships, and experienced technical team, we are committed to always providing the best trading experience.
Risk Disclosure
Securities, Futures, CFDs and other financial products involve high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding your initial investment could incur within a short period of time.
Please make sure you fully understand the risks of trading with the respective financial instrument before engaging in any transactions with us. You should seek independent professional advice if you do not understand the risks explained herein.
Disclaimer
This information contained in this blog is for general reference only and is not intended as investment advice, a recommendation, an offer, or an invitation to buy or sell any financial instruments. It does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance. Doo Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and accept no liability for any losses or damages resulting from its use or from any investments made based on it.
