It’s time for Tuesday’s Dukascopy Spike Controller. Let’s take a look at the average and peak spread levels for the three non-cross majors.
Euro/Dollar’s long term average and maximum spreads are point 33 and 1.2 pips respectively.
The pair rose above the 1 17 briefly as the pair gained point 7% or 82 pips, but it has since moved sharply lower.
Spreads have been mostly calm, peaking at only 1.2 pips yesterday at 12:52 PM GMT.
The Cable’s daily average spread is point 81 pips and both of the sides were 1 and a half pips apart less than an hour ago.
Pound/Dollar has plummeted by a total of 86 pips or point 65% to hit the daily low just pips above the 1 32 level.
Spreads were slightly bumpy today at 9:13 as the rate moved lower, but 1.5 pips is the line that shouldn’t have been crossed.
And last up is the Dollar/Yen, which has a daily average spread of point 39 pips. Both of the sides were 1.1 pips apart during the past hour.
The pair rose briefly above the 110 level as it gained point 62% or 68 pips.
Spreads were slightly elevated during the past hour, but 1.1 pips is the most you should have been charged.
I’m Jack Everitt and this was the Spike Controller for Tuesday.

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