Relatively Slow Day for Spreads
November 20, 2018 11:17 amVideo
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Hello, traders, the Dukascopy TV team is here with Tuesday’s Spike Controller.
Euro/Dollar’s daily average spread is point 35 pips and both of the sides were 1.7 pips apart yesterday.
The pair rose by a total of point 51% or 58 pips to hit the daily high of 1 1473 before moving sharply South.
Spreads have been mostly calm, peaking at only 1.7 pips yesterday at 11 PM GMT.
The Cable’s long term average and maximum spreads are 1.1 and 4.6 pips respectively.
Pound/Dollar has been on a rise from the low of 1 2794 and it has appreciated by point 69% or 88 pips.
Spreads were elevated for a while yesterday at 11 PM GMT here as well, but 4.6 pips is the line that shouldn’t have been crossed.
And last up is the Dollar/Yen, which has a daily average spread of point 35 pips. Peak separation has been 1 pip.
Greenback took a slide against the Yen and the pair lost a total of a half a percent or 56 pips.
Spreads have stayed relatively low for this pair, peaking at only 1 pip yesterday at 11 PM GMT.
I’m Jack Everitt and this was the Spike Controller for Tuesday.
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