UK Data Bumps Spreads
September 10, 2018 10:48 amVideo
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Euro/Dollar’s long term average spread is point 34 pips and both of the sides were 1 pip apart during the past 4 hours.
The pair bounced back from the daily low to gain point 51% or 59 pips.
Spreads have been relatively calm here for this pair, peaking at only 1 pip today at 8:49 in the morning.
The Cable’s daily average spread is point 83 pips and maximum separation has been 4 and a half pips.
Pound/Dollar has jumped by point 45% or 58 pips to move towards the 1 30 level.
Spreads were bumpy today at 8:30 as the UK data was out, but 4.5 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 31 and point 6 pips respectively.
The pair has moved slowly up, gaining point 27% or 30 pips to rise above the 111 level.
No major separations have been recorded for this pair and point 6 pips is the biggest gap you should have seen.
I’m Kiays Khalil and this was the Spike Controller for Monday.
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