There have been yet another volatile 24 hours on the FX markets, so let’s see if this reflects in any way on the interbank spread stats. Euro/Dollar’s daily average spread is point 39 pips. The peak separation is 1.6 pips and both of the sides were 1.1 pips apart just minutes ago. The pair has reclaimed the 1.14 ground after rising by a total of point 72 percent or 82 pips. Spreads peaked at 1.6 pips yesterday and they were up to 1.1 pips today at 10 AM during the Euro Zone data run. The Cable’s long term average spread is 1.19 pips and maximum separation has been 4 pips. Pound/Dollar has surged in a sharp rise by more than one percent or 132 pips to approach the 1.27 level. Spreads were at their highest point of 4 pips yesterday during the publication of the US ADP employment report. Both of the sides were 2 pips apart as the UK Nationwide House Price Index was out and 1.7 pips apart as the UK Services PMI was released. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 43 and 3.9 pips respectively. The pair gained a total of 1.26 percent in a bullish run to define the daily high and low difference of 135 pips. The US ISM Manufacturing PMI publication has had the most pressure on the spreads for this pair, but 3.9 pips is the biggest gap you should have seen. I’m Jack Everitt and that’s all we have for Friday’s Spike Controller.
There have been yet another volatile 24 hours on the FX markets, so let’s see if this reflects in any way on the interbank spread stats.
Euro/Dollar’s daily average spread is point 39 pips. The peak separation is 1.6 pips and both of the sides were 1.1 pips apart just minutes ago.
The pair has reclaimed the 1.14 ground after rising by a total of point 72 percent or 82 pips.
Spreads peaked at 1.6 pips yesterday and they were up to 1.1 pips today at 10 AM during the Euro Zone data run.
The Cable’s long term average spread is 1.19 pips and maximum separation has been 4 pips.
Pound/Dollar has surged in a sharp rise by more than one percent or 132 pips to approach the 1.27 level.
Spreads were at their highest point of 4 pips yesterday during the publication of the US ADP employment report. Both of the sides were 2 pips apart as the UK Nationwide House Price Index was out and 1.7 pips apart as the UK Services PMI was released.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 43 and 3.9 pips respectively.
The pair gained a total of 1.26 percent in a bullish run to define the daily high and low difference of 135 pips.
The US ISM Manufacturing PMI publication has had the most pressure on the spreads for this pair, but 3.9 pips is the biggest gap you should have seen.
I’m Jack Everitt and that’s all we have for Friday’s Spike Controller.
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