Calm Halloween For Spreads
October 31, 2018 10:55 amVideo
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The Dukascopy TV team continues its quest for fair market conditions with the Spike Controller for this Halloween Wednesday.
Euro/Dollar’s daily average spread is point 29 pips and maximum separation has been 1.1 pips.
The pair has been trending South of the 1 13 level, declining by a total of point 45% or 51 pips.
Spreads were slightly bumpy yesterday shortly after 1 PM GMT, but the max separation has been only 1.1 pips.
The Cable’s long term average and maximum spreads are point 88 and 1.8 pips respectively.
Pound/Dollar plummeted by a total of point 69% or 88 pips, before rising from the daily low of 1 2691.
US Consumer Confidence release sent the spreads slightly up yesterday at 2 PM GMT, but you shouldn’t have seen a separation bigger than 1.8 pips.
And last up is the Dollar/Yen, which has a daily average spread of point 29 pips. Both of the sides were 1 pip apart during the past 4 hours.
Greenback rose against the Yen, gaining a total of point 59% or 66 pips to break through the 113 level.
No major separations have been recorded here for this pair and you shouldn’t have been charged more than a single pip.
I’m Jack Everitt and this was the Spike Controller for Wednesday. Bye for now.
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