Relatively Calm 24h for Spreads
December 12, 2018 11:18 amVideo
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The Dukascopy TV team continues its quest for fair market conditions with the Spike Controller for Wednesday.
Euro/Dollar’s average spreads are slightly above the point 3 pip mark in all three time ranges. Daily maximum is 1.4 pips.
The pair dropped yesterday by point 82 percent or 94 pips to hit the daily low just pips above the 1 13 level.
Spreads have been mostly calm for this pair, peaking at only 1.4 pips yesterday at 12:45 PM GMT.
The Cable’s long term average and maximum spreads are 1 and 4 pips respectively.
Pound/Dollar has been on a slide, dropping by a total of 1.25 percent or 158 pips to hit the low of 1 2477.
Spreads were bumpy for a while yesterday at 4 PM GMT, but 4 pips is the line that shouldn’t have been crossed.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 35 and 1.3 pips respectively.
The pair has gained ground, rising further above the 113 level by a total of point 44 percent or 50 pips.
Spreads were slightly up yesterday at 1:30 PM GMT as the US Producer Price Index was released, but 1.3 pips is the most you should have been charged.
I’m Jack Everitt and this was the Spike Controller for Wednesday. Bye for now.
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