Calm 24 Hours For Spreads
August 8, 2018 11:08 amVideo
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Let’s find out if spreads have been shaken up during the past 24 hours.
Euro/Dollar’s spreads have averaged at point 32 pips over the past 24 hours and peak of point 6 pips took place about an hour ago.
The pair rose by a total of point 41% or 47 pips, but most of the gains were given up afterwards.
Spreads have been mostly calm, peaking at only point 6 pips today at 9 o’clock in the morning.
The Cable’s long term average spread is point 81 pips and maximum of 1.3 pips was posted yesterday.
Pound/Dollar has been on a slide, dropping by a total of point 59% or 77 pips to hit the daily low of 1 2893.
No major separations have been recorded here and the max of 1.3 pips has occurred a total of 6 times over the past day.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 43 and 1 pip respectively.
The pair moved South of the 111 level as it dropped by point 57% or 64 pips.
Spreads were slightly up today minutes after 7 AM as the pair declined, but you shouldn’t have seen a separation bigger than 1 pip.
I’m Jack Everitt and that’s all for Wednesday’s Spike Controller report.
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