Find out what news releases have influenced spread levels during the last 24 hours by watching the primary Dukascopy Spike Controller. I`m Doireann McDermott. First up is the Euro/Dollar, which has a long term average spread of point 36 pips. Averages have been lower during the last 4 hours as peak spread of 4.3 pips took place yesterday. This pair rose by a total of point 48% or 60 pips, but it has declined from the high of 1 2531. US ISM Manufacturing PMI and construction spending both were out yesterday at 3 PM GMT and that’s the time of the peak spread. They were higher than usual as the rate dropped, but you shouldn’t have been charged more than 4.3 pips. Pound/Dollar’s long term average spread is 1.18 pips and both of the sides were 6.7 pips apart during the last hour. The Cable moved South by point 31% or 49 pips, but most of the loss was recovered in a following uptrend. UK Construction PMI showed a disappointing reading today at 9:30 in the morning, sending the spreads up. Both of the sides moved apart during the decline, but anything far above the max of 6.7 pips should be questioned. And last up for this report is the Dollar/Yen, which has long term average and maximum spreads of point 37 and 12.3 pips respectively. Greenback surged against the Yen yesterday, gaining 1.19% or 134 pips, but the pair has retreated from the high of 114 22. Spreads were rocked by the US data run out yesterday at 3 PM GMT here as well. Peak separation of 12.3 was recorded as the rate moved sharply higher, but both of the sides moved back closer shortly afterwards. This wraps up Tuesday’s main Spike Controller, but make sure to click back for the hourly updates to keep your broker on a short leash.
Find out what news releases have influenced spread levels during the last 24 hours by watching the primary Dukascopy Spike Controller. I`m Doireann McDermott.
First up is the Euro/Dollar, which has a long term average spread of point 36 pips. Averages have been lower during the last 4 hours as peak spread of 4.3 pips took place yesterday.
This pair rose by a total of point 48% or 60 pips, but it has declined from the high of 1 2531.
US ISM Manufacturing PMI and construction spending both were out yesterday at 3 PM GMT and that’s the time of the peak spread.
They were higher than usual as the rate dropped, but you shouldn’t have been charged more than 4.3 pips.
Pound/Dollar’s long term average spread is 1.18 pips and both of the sides were 6.7 pips apart during the last hour.
The Cable moved South by point 31% or 49 pips, but most of the loss was recovered in a following uptrend.
UK Construction PMI showed a disappointing reading today at 9:30 in the morning, sending the spreads up.
Both of the sides moved apart during the decline, but anything far above the max of 6.7 pips should be questioned.
And last up for this report is the Dollar/Yen, which has long term average and maximum spreads of point 37 and 12.3 pips respectively.
Greenback surged against the Yen yesterday, gaining 1.19% or 134 pips, but the pair has retreated from the high of 114 22.
Spreads were rocked by the US data run out yesterday at 3 PM GMT here as well.
Peak separation of 12.3 was recorded as the rate moved sharply higher, but both of the sides moved back closer shortly afterwards.
This wraps up Tuesday’s main Spike Controller, but make sure to click back for the hourly updates to keep your broker on a short leash.
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