Spreads Elevated During UK Construction PMI Release
September 4, 2018 10:47 am
It’s time for Tuesday’s Dukascopy Spike Controller. Let’s take a look at the average and peak spread levels for the three non-cross majors. Euro/Dollar’s daily average spread is point 35 pips and both of the sides were 1.5 pips apart during the past 4 hours. The pair has moved South of the 1 16 level as it declined by point 62% or 72 pips. Spreads have mostly stayed calm, peaking at only 1.5 pips today at 6:29 in the morning. Pound/Dollar’s long term average spread is point 94 pips and maximum separation has been 8 and a half pips. The Cable has been on a slide and the pair is down by a total of point 62% or 80 pips. UK Construction PMI report sent the spreads slightly up today at 8:30 in the morning, but the peak of 8.5 pips lasted just a single tick as the rate declined. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 65 and 2.6 pips respectively. Greenback shot up against the Yen, gaining point 58% or 64 pips to rise above the 111 level. Spreads were slightly bumpy yesterday at 7:40 PM GMT, but 2.6 pips is the biggest gap you should have seen. I’m Kiays Khalil and this was the Spike Controller for Tuesday.
It’s time for Tuesday’s Dukascopy Spike Controller. Let’s take a look at the average and peak spread levels for the three non-cross majors.
Euro/Dollar’s daily average spread is point 35 pips and both of the sides were 1.5 pips apart during the past 4 hours.
The pair has moved South of the 1 16 level as it declined by point 62% or 72 pips.
Spreads have mostly stayed calm, peaking at only 1.5 pips today at 6:29 in the morning.
Pound/Dollar’s long term average spread is point 94 pips and maximum separation has been 8 and a half pips.
The Cable has been on a slide and the pair is down by a total of point 62% or 80 pips.
UK Construction PMI report sent the spreads slightly up today at 8:30 in the morning, but the peak of 8.5 pips lasted just a single tick as the rate declined.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 65 and 2.6 pips respectively.
Greenback shot up against the Yen, gaining point 58% or 64 pips to rise above the 111 level.
Spreads were slightly bumpy yesterday at 7:40 PM GMT, but 2.6 pips is the biggest gap you should have seen.
I’m Kiays Khalil and this was the Spike Controller for Tuesday.
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