- Doo Group reports $106.53 billion in May trading volume, slightly down from the previous month.
- XAU/USD leads trading at $80.99 billion; EUR/USD shows an 11.26% increase, indicating changing investor sentiments and market trends.
Doo Group, a conglomerate encompassing various financial services entities including forex and contracts for differences (CFDs) brokers, has released its trading volume data for May 2024.
According to the report, Doo Group achieved a total trading volume of USD 106.53 billion during the month, marking a slight decrease compared to the previous month. The average daily trading volume also saw a decline from April.
The report attributes the decrease in overall trading volume to reduced investor risk aversion, bolstered by positive US economic indicators and easing inflation pressures.
Moreover, expectations of lower interest rates in the Eurozone spurred gains in stock markets, impacting the demand for safe-haven assets like gold, as evidenced by the trading trends in XAU/USD.
