Global FX Trading Surges to $6.6 Trillion-A-Day Market

The video discusses the unexpected surge in FX turnover to $6.6 trillion per day, a significant increase from 2016. It highlights the role of geopolitical factors in influencing FX markets, with a focus on the dominance of swap markets over spot trading. The video also examines activity trends in major FX centers, noting a dip in the US and growth in London and Hong Kong.

What is the current daily FX turnover as mentioned in the video?

• $4.8 trillion

• $7.2 trillion

• $6.6 trillion

• $5.1 trillion

What percentage of FX transactions are accounted for by swaps?

• 60%

• 49%

• 25%

• 35%

Which geopolitical events are mentioned as influencing the FX market?

• Space exploration missions

• Olympic Games

• Brexit and trade wars

• Climate change agreements

Which FX center has seen a slight dip in activity?

• London

• Hong Kong

• United States

• Singapore

Despite political issues, which FX centers continue to grow?

• Tokyo and New York

• London and Hong Kong

• New York and Singapore

• Singapore and Tokyo