FX Markets on the Move, But Spreads Have Stayed Relatively Calm
August 21, 2018 10:45 am
Past 24 hours have been volatile on the FX markets, so let’s see how this reflects on the spread levels. Euro/Dollar’s long term average spread is point 33 pips and maximum separation has been 1.9 pips. The pair has surged by a considerable 1.3% or 148 pips as it broke through the 1 15 level. Spreads have been relatively calm and the max of 1.9 pips, which took place yesterday at 3:53 PM lasted only a single tick. The Cable’s daily average spread is point 76 pips and both of the sides were 3.9 pips apart yesterday. Pound/Dollar has had a bullish run as well and the pair gained point 92% or 117 pips as it moved above the 1 28 level. Spreads were bumpy yesterday at 3:53 PM here as well, but 3.9 pips is the biggest gap you should have seen. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 32 and 5.7 pips respectively. The pair has plummeted by a total of point 81% or 90 pips to move South of the 110 level. Spreads were elevated yesterday at 3:53 PM, but the max of 5.7 pips lasted only a single tick as the pair declined. I’m Kiays Khalil and that’s all for Tuesday’s Spike Controller report.
Past 24 hours have been volatile on the FX markets, so let’s see how this reflects on the spread levels.
Euro/Dollar’s long term average spread is point 33 pips and maximum separation has been 1.9 pips.
The pair has surged by a considerable 1.3% or 148 pips as it broke through the 1 15 level.
Spreads have been relatively calm and the max of 1.9 pips, which took place yesterday at 3:53 PM lasted only a single tick.
The Cable’s daily average spread is point 76 pips and both of the sides were 3.9 pips apart yesterday.
Pound/Dollar has had a bullish run as well and the pair gained point 92% or 117 pips as it moved above the 1 28 level.
Spreads were bumpy yesterday at 3:53 PM here as well, but 3.9 pips is the biggest gap you should have seen.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 32 and 5.7 pips respectively.
The pair has plummeted by a total of point 81% or 90 pips to move South of the 110 level.
Spreads were elevated yesterday at 3:53 PM, but the max of 5.7 pips lasted only a single tick as the pair declined.
I’m Kiays Khalil and that’s all for Tuesday’s Spike Controller report.
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