It’s Monday and time for the Dukascopy Spike controller, where we’ll provide you with the benchmark spread data.
Euro/Dollar’s long term average spread is point 38 pips and both of the sides were 1.2 pips apart yesterday.
Euro started the week with a push higher, gaining point 45% or 55 pips, before retreating from the high of 1 2297.
Spreads have been mostly calm, peaking at only 1.2 pips yesterday at 11 PM GMT.
Pound/Dollar’s daily average is slightly above the 1 pip level and peak separation has been 3.2 pips.
The Cable has gained ground as well, appreciating by point 52% or 72 pips, building on gains above the 1 38 level.
Spreads were slightly bumpy yesterday at 11 PM GMT, but 3.2 pips is the line that shouldn’t have been crossed.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 43 and 1 pip respectively.
Daily high and low difference is 39 pips and it was posted as the pair declined by point 36%.
No major spreads have been recorded and the max of just 1 pip took place yesterday at 11 PM GMT.
I’m Kiays Khalil, and that’s it for Monday’s Spike Controller report.

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