EU Data Elevates Spreads Slightly for EUR/USD
July 31, 2018 11:15 amVideo
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We are here to draw the line between the dodgy and the good brokers by providing traders with the benchmark interbank price data.
Euro/Dollar’s spreads have averaged slightly above the point 3 pip mark in the mid and long terms. Peak of 1.3 pips took place less than an hour ago.
The pair broke through the 1 17 level as it gained point 46% or 54 pips.
Spreads were slightly bumpy today at 9 AM as Flash Euro Zone CPI and GDP were out, but 1.3 pips is the biggest gap you should have seen.
The Cable’s daily average is point 81 pips and maximum separation of 1.4 pips was posted during the past 4 hours.
Pound/Dollar rose in a couple of waves as the pair gained point 43% or 57 pips.
Spreads were at their highest point today at 7 AM, but anything far above the max of 1.4 pips should be questioned.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 57 and 3.3 pips respectively.
The pair surged above the 111 level as it gained point 76% or 84 pips.
Both of the sides were 3.3 pips apart today shortly after 3 AM as the pair rose, but they moved back closer after a single tick.
I’m Kiays Khalil and these were the benchmark interbank spread stats for 10 AM.
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