Turning market fluctuations into opportunity: Easy Markets for the third quarter of 2024

EasyMarkets announced strong performance in the third quarter of 2024, which manifested in significant increases in trading volumes of major financial instruments. The company witnessed remarkable growth in trading activities for USDJPY and NDQUSD, reflecting customer responsiveness to market developments.

Increased Demand for Yen

During the third quarter of 2024, the currency pair USDJPY saw a significant increase of 98% in trading volume among EasyMarkets clients, compared to the second quarter. This rise is attributed to the growing demand for yen (JPY) pairs among customers.

The historic decision made by the Bank of Japan to raise interest rates for the first time in 17 years played a pivotal role in this trend, resulting in a 14% increase in the value of the yen during the quarter.

This decision followed a previous attempt by the Japanese government to intervene and save the yen from further depreciation. This intervention proved successful in early August, with an interest rate hike of 0.15% to support the yen.

Nasdaq Continues Its Upward Trend

Building on its strong performance in the second quarter, the NDQUSD index remained a dominant instrument among EasyMarkets clients in the third quarter, with trading volumes increasing by 25.3%.

This increase reflects the ongoing appeal of Nasdaq, as it allows traders to benefit from the overall performance of the technology sector without focusing on specific stocks. By trading the index, clients can engage with the collective movements of leading tech companies and capitalize on industry growth without navigating individual stock investments.

Leading Economic Events Shift Market Sentiment

Changes in interest rates by central banks around the world have impacted market sentiment and led to increased trading in various currency pairs. As a result, the foreign exchange sector experienced the largest surge in customer trading activity during the quarter.

Bitcoin (BTC) also exhibited notable volatility during the third quarter. After dropping to $48,000 in early August, Bitcoin rallied to $66,000 by the end of September, representing a remarkable increase of 37% during the quarter.

This significant movement boosted Bitcoin trading volumes on the EasyMarkets platform as clients capitalized on the cryptocurrency's price fluctuations.

Looking Ahead

Thomas Tsalloubis, Head of Risk at EasyMarkets, stated: "We have seen significant shifts in market dynamics during the third quarter, which our clients navigated skillfully." "The unexpected rise in interest rates by the Bank of Japan and the volatility in cryptocurrencies like Bitcoin have created both challenges and opportunities. Risk management tools and platform stability have been crucial in supporting our clients to make informed trading decisions amidst these market fluctuations."

EasyMarkets continues to empower traders with innovative tools and exceptional support, ensuring they are equipped to seize market opportunities in the dynamic global economy.

For more information about EasyMarkets, please contact Garen Mesrelian, Marketing Manager,

Email: [email protected]

Phone: 25 828899

About EasyMarkets

Founded in 2001, EasyMarkets is an award-winning global broker. It is one of the first companies to offer an online trading experience with innovative risk management tools, including guaranteed free stop loss, simple trading, price freeze, and deal cancellation features. EasyMarkets provides its clients with a streamlined, accessible, and flexible trading experience. By offering over 275 tradable instruments, narrow fixed spreads, and dedicated support 24/7 for traders worldwide, EasyMarkets continues to revolutionize the trading sector by providing unparalleled security and guarantees for client funds while consistently prioritizing customer commitment and satisfaction.

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