05.02.2018 – Spike Controller by Dukascopy
February 5, 2018 10:57 amVideo
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It’s a new trading week and Dukascopy Forex TV Team is back with yet another Spike Controller report.
Euro/Dollar’s daily average spread is point 36 pips and peak separation has been 1.2 pips.
The pair has moved gradually higher, gaining point 41% or 51 pips as it moved towards the 1 25 level.
Services PMI run has had little pressure on the spreads here, peak spread of 1.2 pips was posted yesterday at 11 PM GMT.
The Cable’s long term average spread is point 95 pips. Daily max is 2.7 pips and both of the sides were 2.4 pips apart during the past hour.
Pound/Dollar appreciated by a total of point 49% or 69 pips, before retreating from the daily high.
Both of the sides moved 2.7 pips apart yesterday and UK Services PMI report sent spreads up to 2.4 pips today at 9:30 AM.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 45 and 1.3 pips respectively.
Daily high and low difference is 53 pips and it was posted as the pair declined by point 48%.
Start of the week has been calm in terms of spread levels, 1.3 pips is the biggest gap you should have seen.
I’m Jessica Walker and this wraps up Monday’s Spike Controller. Goodbye for now.
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