It’s time for this week’s first Main Spike Controller. Let’s take a closer look at the average and peak spread levels for the three non-cross majors.
Euro/Dollar’s long term average spread is point 26 pips and maximum separation has been 1.1 pips.
Trend has been shifting and the biggest move is a rise of point 44% or 47 pips as the pair hit the high of 1 0659.
No major spreads have been recorded so far this week, max of just 1.1 pips took place yesterday at 11 PM GMT.
The Cable’s daily average is slightly above the 1 pip level and max separation has been 3.8 pips.
Pound/Dollar has gained ground from the early low, rising by a total of point 66% or 82 pips.
Spreads were elevated for a while yesterday at 11 PM GMT here as well, but 3.8 pips is the most you should have been charged.
And last up for this overview is the Dollar/Yen, which has long term average and maximum spreads of point 4 and 2.1 pips respectively.
Daily high and low difference is 73 pips and it was posted as the pair declined by point 64% to hit the low of 113 44.
Spreads have been mostly calm, peaking at 2.1 pips shortly after midnight GMT as the pair was heading towards the daily high.
I’m Jessica Walker and you’ve been watching the Primary Spike Controller for Monday. Check back in throughout the day for the latest updates.

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