Doo Group Reports Record Trading Volume in May 2024

Doo Group, a pre-eminent financial services group with FinTech as its core, recently released its May 2024 trading volume report. 

May Trading Volume Overview 2024 

• Total Trading Volume: USD 106.53 billion 
• Most Popular Products: XAU/USD, EUR/USD, GBP/USD 
• XAU/USD saw the highest trading volume at USD 80.99 billion. 
• EUR/USD saw the highest increase, an increase of USD 1.1 billion, or 11.26%. 

According to the report, Doo Group’s total trading volume in May 2024 is valued at USD 106.53 billion, a slight decrease of 2.88% from the previous month. Furthermore, May’s average daily volume (ADV) is USD 2.29 billion, a decline of 6.02% from April. 

Investors’ risk aversion gradually faded away in May due to the better-than-expected US economic data, and the weakening of inflation pressure. Additionally, the central banks in Europe are expected to lower interest rates, causing the Eurozone’s stock indexes to move upward. This has enhanced the investors’ risk appetite and lowered their interest in gold. Therefore, there was a minor decrease in the trading volume in XAU/USD in May.  

Since the beginning of 2024, Doo Group’s trading volume has been in a stable state. Year to date, Doo Group’s total trading volume is valued at USD 465.00 billion, an expansion of 24.26% 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 88.81% of May’s total trading volume. Among them, XAU/USD has the highest monthly trading volume at USD 80.99 billion; while EUR/USD and GBP/USD have a total monthly trading volume of USD 13.63 billion. 

Besides, EUR/USD has the largest growth in the monthly trading volume, an increase of USD 1.1 billion or 11.26% as compared to April. 

As an internationally leading financial services group, Doo Group continues to show strong momentum in its trading volume. In the future, Doo Group will continue to develop a global FinTech system and build a comprehensive financial ecosystem. We strive to lead the FinTech transformation in this era, ensuring that our clients are at the forefront of the industry.