Let’s assess the impact of the US FOMC monetary policy statement on the spread levels in this edition of the Dukascopy Spike Controller.
Euro/Dollar’s daily average spread is point 35 pips and maximum separation has been 3.2 pips.
The pair has appreciated by more than 1% or 138 pips to hit the daily high at 1 2389.
The pair started heading higher yesterday following the US FOMC monetary policy statement and that’s the time of the peak spread.
They were volatile for a number of ticks, but 3.2 pips is the biggest separation you should have seen.
Next up is the Cable, which has a daily average of point 97 pips. Peak spread has been 5 pips and both of the sides were 4.4 pips apart during the past 4 hours.
Pound/Dollar has had a bullish run, gaining almost 1% or 139 pips as the pair moved towards the 1 42 level.
Spreads peaked at 5 pips yesterday during the Fed announcement and both of the sides were 4.4 pips apart today at 9:30 as UK retail sales stats were out.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 43 and 4.4 pips respectively.
Greenback has dropped against the Yen by more than 1% or 110 pips as it hit the daily low of 105 54.
Spreads were bumpy yesterday at 6 PM GMT here as well, but 4.4 pips is the line that shouldn’t have been crossed.
You’ve been watching the Dukascopy Spike Controller for Thursday with me Jack Everitt.

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