Morning session is over on this week’s first trading day so let’s see how market players have performed so far. Euro/Dollar has seen its trend…
Let’s take a look at the average and peak spreads for the three non-cross majors on the first trading day of this week.
Euro/Dollar’s long term average spread is point 4 pips and maximum separation of point 7 pips took place less than 4 hours ago.
Euro rose against the Buck by a total of point 43% or 46 pips, but some of the gains were given up after the high of 1 0778 was reached.
Start of the week has been calm in terms of spread levels, max of just point 7 pips took place today at 8:18 in the morning.
The Cable’s daily average and maximum spreads are point 91 and 1.8 pips respectively.
Pound/Dollar has shot up by a total of point 45% or 56 pips to reach the high of 1 2436.
Spreads were slightly increased for a number of ticks yesterday at 11 PM GMT, but 1.8 pips is the biggest separation you should have seen.
Wrapping up this report is the Dollar/Yen, which has a daily average spread of point 34 pips. Max separation has been point 6 pips and it took place less than 4 hours ago.
Decline has been followed by a rise here, the pair appreciated by a total of point 34% or 38 pips from the low of 112 46.
No major spreads have been recorded and the max of just point 6 pips took place today at 8:25 in the morning.
I’m Jack Everitt and that’s all for Monday’s Main Spike Controller, but do check back in throughout the day for the latest updates.
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