Kazakhstan Gold and Forex Reserves Surge, EXNESS FX Volumes Up 1 Percent

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Forex Trading Fundamental Analysis: Mixed Data Lifts AUD - May 29, 2014

Kazakhstan Gold and Forex Reserves Surge, EXNESS FX Volumes Up 1 PercentCentral Asia’s biggest economy Kazakhstan revealed that its net gold and foreign currency reserves surged to $27.6 billion as of April 30, up from $25.7 billion at the end of March, reported its central bank on Tuesday.

The country had combined international reserves of $101.2 billion, along with the National Fund, which stores oil export revenues. Kazakhstan holds at least 3 percent of the world’s crude oil reserves and is the second-largest oil producer among the former Soviet nations after Russia.

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The central bank released the below data for its currency and gold reserves (courtesy of Reuters): April 30 $27.6 bln March 31 $25.7 bln Feb 28 $25.5 bln Jan 31 $24.0 bln 2013 Dec 31 $24.1 bln Nov 30 $23.6 bln Oct 31 $23.1 bln Sept 30 $23.6 bln Aug 31 $25.3 bln July 31 $24.9 bln June 30 $25.6 bln May 31 $27.8 bln April 30 $25.9 bln March 31 $27.6 bln Feb 28 $26.1 bln Jan 31 $26.4 bln 2012 Dec 31 $27.7 bln Nov 30 $29.1 bln Oct 31 $28.5 bln Sept 30 $29.6 bln Aug 31 $29.0 bln July 31 $28.5 bln June 30 $31.8 bln May 31 $33.8 bln April 30 $34.5 bln March 31 $31.8 bln Feb 29 $34.8 bln.

In a separate report, one of the fastest growing forex services firm EXNESS, which is regulated by CYSEC, announced that it forex trading volumes in April reached $168.2 billion, slightly up 1 percent from March. This also marked the fourth successive month that its trading volumes edged past the $150 million point. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Yashu Gola at yashu@forexminute.com