Solid October Trading Volumes for Major ECNs as ECB Rekindles FX Volatility

[kreslik.news]

When it comes to trading volumes transacted across the foreign exchange markets, October was relatively positive. As trading started slowly in the first half of the month, the run-up to the European Central Bank’s (ECB) meeting at the end and the subsequent days have stirred some volatility.

Major ECNs reported a month that was much more active than a year ago and somewhat slower when compared to September. The ECB’s underwhelming decision has proven anticlimactic for euro bulls, triggering a selloff that has lasted for a couple of days before pausing in the run-up to the Fed meeting and Trump’s nomination ... (read more)