First peek at December FX industry volumes is looking good. CME Group, which runs the world's largest derivatives marketplace, announced that FX contract volumes (mainly Eurodollar futures contracts) in its system were up by 7% in December from November, and up 14% from last year December, to an average of 826,000 contracts daily. The EURUSD's bull run, from 1.29 at the beginning of December up to the 1.32 range toward the end of the month, seems to have brought FX traders back to the market in what is normally a slow pre-holiday season trading month. We expect at this point to report a slight ... (full story)