Keep your broker under magnifying glass to make sure his fairness doesn`t affect your trading performance. I`m Imogen Comrie bringing you the primary Spike Controller for Wednesday.
Euro/Dollar’s spreads have averaged at point 35 pips during the last 24 hours, peaking at 2.8 pips.
Daily high and low difference of 77 pips was recorded yesterday during a rise of point 61%.
Spreads peaked yesterday at 2 PM GMT as the US consumer confidence was out, so let’s find out what happened.
The rate moved sharply down and both of the sides separated, but you shouldn’t have seen a gap bigger than 2.8 pips.
The Cable’s long term average and maximum spreads are 1.16 and 8.2 pips respectively.
Pound/Dollar rose by point 49% or 79 pips yesterday, but most of the gains were given up as the rate declined from the high of 1 6183.
US Durable Goods Orders repot sent both the rate and the spreads higher yesterday at a half past noon GMT, but you shouldn’t have seen a gap bigger than 8.2 pips.
And last up for this report is the Dollar/Yen, which has all three averages slightly above point 3 pips. Daily peak is 12.2 pips.
Long term volatility of 55 pips was recorded during a rise of point 51%.
Both of the sides moved apart yesterday at a half past noon GMT as the rate took a slide, but make sure your broker hasn’t charged you more than 12.2 pips.
This was the main Spike Controller for Wednesday, but these stats will be updated every hour, so stay tuned.

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