It’s Monday and time for the Dukascopy Spike controller, where we’ll provide you with the benchmark spread data.
Euro/Dollar’s daily average spread is point 41 pips and maximum separation has been 2.6 pips.
Rate movement has been relatively slow so far this week, the 24-hour high and low difference is 23 pips and it was posted as the pair declined by point 2 percent.
Spreads were slightly bumpy yesterday at 11 PM GMT, but 2.6 pips is the most you should have been charged.
Next up is the Cable, which has a long term average spread of slightly less than 2 pips. Peak separation has been 11.5 pips.
Pound/Dollar moved sharply down today, declining by point 36 percent or 47 pips.
The buy and sell sides separated by 11.5 pips yesterday and they were 1.5 pips apart today at 9:30 as the UK Construction PMI was out.
And last up is the Dollar/Yen, which has a daily average spread of point 73 pips. Maximum separation has been 2.3 pips.
Greenback has been on a rise against the Yen, gaining point 45 percent or 49 pips to approach the 110 level.
Spreads were slightly elevated yesterday at 11 PM GMT, but 2.3 pips is the line that shouldn’t have been crossed.
I’m Kiays Khalil, and that’s it for Monday’s Spike Controller report.

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