It’s Monday and time for the Dukascopy Spike controller, where we’ll provide you with the benchmark spread data. Euro/Dollar’s long term average spread is point 55 pips and peak separation has been 1 pip. Start of the week is bearish for the Euro and the pair has moved South by point 58% or 68 pips. Spreads haven’t been as volatile as the rate movement, peak of just 1 pip took place today at 12:54 in the morning. The Cable’s daily average spread is 1.38 pips and both of the sides were 3 pips apart during the past 4 hours. Pound/Dollar has been trending South, declining by a total of point 54% or 71 pips. Spreads were slightly bumpy today at 8:30 as the UK Manufacturing PMI was out, but 3 pips is the biggest gap you should have seen. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 67 and point 8 pips respectively. The pair rose briefly above the 111 level as it gained point 46% or 51 pips, but a correction has wiped out most of the gains. Spreads have been relatively calm so far this week as the biggest gap was just point 8 pips. I’m Jack Everitt, and that’s it for Monday’s Spike Controller report.
It’s Monday and time for the Dukascopy Spike controller, where we’ll provide you with the benchmark spread data.
Euro/Dollar’s long term average spread is point 55 pips and peak separation has been 1 pip.
Start of the week is bearish for the Euro and the pair has moved South by point 58% or 68 pips.
Spreads haven’t been as volatile as the rate movement, peak of just 1 pip took place today at 12:54 in the morning.
The Cable’s daily average spread is 1.38 pips and both of the sides were 3 pips apart during the past 4 hours.
Pound/Dollar has been trending South, declining by a total of point 54% or 71 pips.
Spreads were slightly bumpy today at 8:30 as the UK Manufacturing PMI was out, but 3 pips is the biggest gap you should have seen.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 67 and point 8 pips respectively.
The pair rose briefly above the 111 level as it gained point 46% or 51 pips, but a correction has wiped out most of the gains.
Spreads have been relatively calm so far this week as the biggest gap was just point 8 pips.
I’m Jack Everitt, and that’s it for Monday’s Spike Controller report.
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