The Dukascopy TV team continues its quest for fair market conditions with the Spike Controller for Wednesday.
Euro/Dollar’s average spreads are slightly above the point 3 pip level in all three time ranges. Peak separation has been 2 pips.
The pair has shot up by slightly more than 1% or 118 pips to hit the daily high at 1 1771.
Spreads have been relatively calm, peak separation of 2 pips took place today just minutes after 7 AM.
Next up is the Cable, which has long term average and maximum spreads of point 9 and 4.2 pips respectively.
Pound/Dollar has appreciated by a total of point 8% or 106 pips, moving above the 1 34 level.
The US ISM Non-Manufacturing PMI and Economic Optimism both were out yesterday at 2 PM GMT and that’s the time of the peak daily spread, but 4.2 pips is the most you should have been charged.
And last up is the Dollar/Yen, which has a daily average spread of point 34 pips. Biggest gap has been 1.4 pips.
The pair broke through the 110 level as it gained point 65% or 71 pips.
US data run sent the spreads slightly up yesterday at 2 PM GMT, but 1.4 pips is the line that shouldn’t have been crossed.
I’m Jack Everitt and this was the Spike Controller for Wednesday. Bye for now.

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