Don’t let your broker take you for a ride on this week’s last trading day by watching the Dukascopy Spike Controller.
All three averages are South of the point 3 pip level for the Euro/Dollar. Peak separation has been 1.2 pips.
The pair rose yesterday by point 4% or 48 pips, but most of the gains have been given up.
Spreads were at their highest point yesterday at a quarter past 1 PM as the US ADP employment data was released, but the max separation was only 1.2 pips.
The Cable’s daily average spread is point 79 pips and both of the sides were 3 pips apart yesterday.
Pound/Dollar has dropped sharply during the past 4 hours, declining by point 41% or 55 pips.
Spreads peaked at 3 pips almost 24 hours ago – yesterday at 10:19 AM as the pair rose.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 32 and 2.7 pips respectively.
Greenback has surged against the Yen, gaining point 63% or 71 pips.
Spreads were slightly bumpy yesterday at 1:15 PM as the US ADP employment data was released, but you shouldn’t have seen a separation bigger than 2.7 pips.
I’m Jessica Walker and that’s it for Friday’s Spike Controller. Bye for now.

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