Doo Group Reports Record Trading Volume in November 2024
Doo Group, a pre-eminent financial services group with FinTech as its core, recently released its November 2024 trading volume report.
November Trading Volume Overview 2024
- Total Trading Volume: USD 132.97 billion
- Most Popular Products: XAU/USD, EUR/USD, USD/JPY
- XAU/USD saw the highest trading volume.
- HSI_2411 saw the highest increase, an increase of 170.57%.
According to the report, Doo Group’s total trading volume in November 2024 is valued at USD 132.97 billion, a drop of 24.80% from the previous month. Furthermore, November’s average daily volume (ADV) is USD 4.43 billion, a decrease of 22.3% from October.
With the conclusion of the US presidential election in November, Donald Trump was named the president of the US, and this has caused volatility in the global financial markets. Additionally, Trump’s announcement on the tariff plan has elevated market concerns towards the resurgence of US inflation, and there is a possibility that the Fed may readjust the interest rate cut in the future.
Due to these uncertain factors, investors have taken the “wait-and-see” approach while closely observing the Fed’s monetary policy to find hints to adjust their investment portfolio and position.
This caused the market to slow down in November, and Doo Group’s overall trading volume declined. Year to date, Doo Group’s total trading volume is valued at USD 1293.07 billion, an expansion of 51.49% as compared to the same period last year.
According to the recorded data, XAU/USD, EUR/USD, and USD/JPY were the investors’ top picks, contributing to 92.72% of November’s total trading volume.
Besides, HSI_2411 has the largest growth in the monthly trading volume, an increase of 170.57% as compared to October.
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.
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