Keep your broker in check with Thursday’s Spike Controller brought to you by the Dukascopy TV Team.
Euro/Dollar’s long term average spread is point 36 pips and peak separation has been 3.2 pips.
The pair has been on a sharp rise following yesterday’s drop to the low of 1 1725 and it has gained point 88% or 103 pips.
Spreads were bumped up slightly yesterday at 6 PM during the US FOMC Monetary Policy Announcement, but 3.2 pips is the most you should have been charged.
Next up is the Cable, which has a daily average of point 89 pips. Peak of 4.7 pips was posted yesterday.
Pound/Dollar has surged by almost 1% or 129 pips to hit the daily high of 1 3447.
Spreads were up to 4.7 pips yesterday at 6 PM GMT and both of the sides moved 4.2 pips apart today at 8:30 as the UK retail sales were out.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 4 and 3.8 pips respectively.
The pair has once again slipped South of the 110 level as it dropped by point 84% or 93 pips.
Spreads were bumpy yesterday during the FOMC rate statement, but 3.8 pips is the line that shouldn’t have been crossed.
I’m Kiays Khalil and that’s it for Thursday’s Spike Controller. Bye for now.

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