Dukascopy Forex News Team brings you yet another primary Spike Controller so you could make sure your broker isn’t charging more than he should be. I’m Monica Gibson.
Euro/Dollar’s long term average and maximum spreads are point 33 and 9.9 pips respectively.
Single currency rose sharply against the Buck, gaining more than 2% or 231 pips to reach the high of 1 1346.
Rate movement was volatile today at 1:42 in the morning and that’s the time of the peak spread, but 9.9 pips is the biggest separation you should have seen.
The Cable’s daily average is slightly above 1 pip and peak spread of 4.1 pips took place during the last 4 hours.
Pound/Dollar has appreciated by a total of slightly more than 1% or 155 pips, but last 4 hours have been bearish for this pair.
Spreads were at their highest point today at 8:30 in the morning as the UK trade balance was out, but you shouldn’t have been charged more than 4.1 pips.
And last up for this report is the Dollar/Yen, which has long term average and maximum spreads of point 4 and 1.5 pips respectively.
Buck has dropped by slightly more than 1% against the Yen over the last 24 hours, defining the long term volatility of 131 pips.
Despite the volatile rate shifts, spreads have been mostly calm, not exceeding 1.5 pips.
This brings Tuesday’s main Spike Controller to an end. These stats will be updated on an hourly basis, so stay tuned.

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