Hello, I`m Doireann McDermott and this is the main Spike Controller report for Thursday, 27th of November. First up is the Euro/dollar, which has long term average and maximum spreads of point 28 and 4.2 pips respectively. This pair moved sharply up yesterday, gaining point 71% or 88 pips, but most of the gains have been given up. It was busy with news reports regarding the US economy yesterday at 1:30 PM GMT and that’s the time of the peak spread. Both of the sides moved 4.2 pips apart as the rate started heading sharply up, but they moved back closer shortly afterwards. The Cable’s daily average is point 98 pips and peak separation has been 7 and a half pips. Pound/Dollar has surged by point 86% or 135 pips to hit the high of 1 5827, but last 4 hours have been bearish for this pair. Spreads were elevated yesterday during the US data run here as well, but make sure your broker hasn’t charged you more than 7.5 pips. And wrapping up this report is the Dollar/Yen, which has long term average and maximum spreads of point 39 and 6 pips respectively. Last 24 hours have been bearish for this pair, it’s down by a total of point 52% or 61 pips. Spreads were sent higher by the US data publications yesterday at 1:30 PM GMT here as well, but you shouldn’t have seen a gap bigger than 6 pips. That’s it for Thursday’s primary report, but we`ll be updating these stats on an hourly basis, so stay tuned.
Hello, I`m Doireann McDermott and this is the main Spike Controller report for Thursday, 27th of November.
First up is the Euro/dollar, which has long term average and maximum spreads of point 28 and 4.2 pips respectively.
This pair moved sharply up yesterday, gaining point 71% or 88 pips, but most of the gains have been given up.
It was busy with news reports regarding the US economy yesterday at 1:30 PM GMT and that’s the time of the peak spread.
Both of the sides moved 4.2 pips apart as the rate started heading sharply up, but they moved back closer shortly afterwards.
The Cable’s daily average is point 98 pips and peak separation has been 7 and a half pips.
Pound/Dollar has surged by point 86% or 135 pips to hit the high of 1 5827, but last 4 hours have been bearish for this pair.
Spreads were elevated yesterday during the US data run here as well, but make sure your broker hasn’t charged you more than 7.5 pips.
And wrapping up this report is the Dollar/Yen, which has long term average and maximum spreads of point 39 and 6 pips respectively.
Last 24 hours have been bearish for this pair, it’s down by a total of point 52% or 61 pips.
Spreads were sent higher by the US data publications yesterday at 1:30 PM GMT here as well, but you shouldn’t have seen a gap bigger than 6 pips.
That’s it for Thursday’s primary report, but we`ll be updating these stats on an hourly basis, so stay tuned.
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