Calm Start of the Week for Spreads
August 20, 2018 11:21 amVideo
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Let’s find out if there have been any significant spread increases so far this week.
Euro/Dollar’s long term average spread is point 34 pips. Both of the sides have moved point 6 pips apart for a total of 8 times during the past hour.
The pair declined by a total of point 34% or 39 pips to hit the daily low just pips above the 1 14 level.
Spreads have been relatively calm so far this week, maximum separation has been just point 6 pips.
The Cable’s daily average and maximum spreads are point 87 and 1.3 pips respectively.
Rate movement has been calmer than usual, the pair has depreciated by point 2% or 25 pips.
No major shake-ups have been recorded in terms of spreads and 1.3 pips is the most you should have been charged so far this week.
And last up is the Dollar/Yen, which has a daily average spread of point 28 pips. Maximum separation has been point 6 pips.
The pair moved slightly further above the 110 level as it gained a quarter of a percent or 28 pips.
Spreads have stayed relatively low so far this week and anything far above the max of point 6 pips should be questioned.
I’m Jack Everitt and that’s all for Monday’s Spike Controller. Bye for now.
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