The Dukascopy TV team brings you another Primary Spike Controller so you can stay on top of your trades this Wednesday.
And we start with trader’s favourite pair, the Euro/Dollar, which has the average and peak long-term spreads of point 3 and 1 pips, respectively.
The pair has been moving in waves, but the single biggest move was a gain of point 38% or 45 pips.
Spreads were at their highest after 2:05 yesterday afternoon, but they did not exceed just 1 pip.
The Cable’s long-term average spread stands at point 78 pips, while the daily max of 4.5 pips was posted during the last 4 hours.
Pound/Dollar has been trending higher for most of the last 24 hours, gaining a total of point 48% or 64 pips.
UK Markit Services PMI was out at half past 8 this morning, and spreads peaked at this time, but 4.5 pips is as high as they went.
And Euro/Dollar’s long-term average reaches point 32 pips, while the daily max stands at 1.6 pips.
This pair has been trending lower, losing point 64% or 72 pips from its daily peak at 113 13.
Trading has been quite calm, and the daily peak of 1.6 pips was posted after 12:23 AM this morning.
I’m Jessica Walker and this was the Main Spike Controller for Wednesday. Stay with us for the latest updates.

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