Mostly Narrow Spreads on Wednesday
February 6, 2019 10:47 amVideo
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The Dukascopy TV team helps you get the best deals from your broker by providing you with the benchmark interbank price data with the Spike Controller.
Euro/dollar’s daily average spread is point 31 pips. Maximum separation of 1.7 pips took place yesterday.
The pair has slipped below the 1.14 level as it declined by point 47 percent or 54 pips.
Spreads have been mostly calm during the past 24 hours, peaking at only 1.7 pips yesterday at 11 PM GMT.
Next up is the Cable, which has long term average of slightly less than one pip. Daily max is 4.2 pips.
Pound/Dollar plummeted below the 1.30 level after declining by a total of point 76 percent or nearly 100 pips.
Spreads were slightly elevated for a while yesterday at 11 PM, but 4.2 pips is the most you should have been charged.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 33 and 1.5 pips respectively.
The pair moved below the 110 level by a total of point 45 percent or 50 pips after trading flat for hours.
Spreads were bumped yesterday by the US Non-Manufacturing PMI release, but 1.5 pips is the biggest gap you should have seen.
I’m Kiays Khalil and this was the Spike Controller for Wednesday.
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