Spreads Staying Low
August 7, 2018 10:54 amVideo
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Let’s find out if the past 24 hours have been calm in terms of spread levels for the three non-cross majors.
Euro/Dollar has a daily average spread of point 36 pips and maximum separation has been point 9 pips.
The pair has appreciated by a total of point 56% or 64 pips as it moved towards the 1 16 level.
No major separations have been recorded for this pair, peak of just point 9 pips took place yesterday at 10:45 AM.
Next up is the Cable, which has long term average and maximum spreads of point 8 and 1.4 pips respectively.
Pound/Dollar has been moving slowly up, gaining point 42% or 54 pips.
Spreads have been relatively calm here as well, peaking at only 1.4 pips for a total of 5 times yesterday.
And last up is the Dollar/Yen, which had a daily average spread of point 56 pips. Peak separation has been point 6 pips.
Past 24 hours have been Buck bearish and the pair has depreciated by a total of point 32% or 36 pips.
No significant bumps in spreads have been recorded here and you shouldn’t have seen a gap bigger than point 6 pips.
I’m Kiays Khalil and that’s all for Tuesday’s Spike Controller report.
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