Dukascopy Spike Controller continues its quest to promote a fair trading environment. Here’s a look at the benchmark interbank price stats over the last 24 hours.
Euro/Dollar’s long term average and maximum spreads are point 31 and 1.6 pips respectively.
The pair gained a total of point 71% or 84 pips to push above the 1 18 level.
Spreads were slightly increased yesterday at 2 PM GMT as he US data was released, but 1.6 pips is the maximum separation you should have seen.
Next up is the Cable, which has a daily average spread of point 68 pips. Both of the sides were 3.2 pips apart during the past 4 hours.
Pound/Dollar’s long term volatility is 55 pips and it was posted as the pair advanced by point 42%.
UK Construction PMI was released today at 8:30 AM and that’s the time of the peak daily spread, but make sure your broker hasn’t charged you more than 3.2 pips.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 4 and 2.6 pips respectively.
The pair has shot up by a total of point 92% or 101 pips to reach the high at just pips below the 111 level.
US news reports sent the spreads higher yesterday at 2 PM GMT, but 2.6 pips is the line that shouldn’t have been crossed.
I’m Jessica Walker and that’s all for Wednesday’s edition of Spike Controller.

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