UK Jobs Data Elevated Spreads
October 16, 2018 11:18 amVideo
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Hello, you’re watching the Dukascopy Spike Controller, providing you with the benchmark interbank price data for Tuesday.
Euro/Dollar’s long term average and maximum spreads are point 29 and 1.1 pips respectively.
Rate movement has been calmer than usual, the pair declined by point 34% or 40 pips to move South of the 1 16 level.
Spreads have been mostly calm, peaking at 1.1 pips yesterday at a half past noon GMT during the US data run.
The Cable’s daily average spread is point 84 pips and both of the sides were 6.4 pips apart during the past 4 hours.
Pound/Dollar has been on a run higher, gaining point 62% or 82 pips to move above the 1 32 level.
Spreads were slightly bumpy today at 8:30 as the UK unemployment report was out, but 6.4 pips is the most you should have been charged.
And last up is the Dollar/Yen, which has a daily average spread of point 27 pips. Peak separation has been 1.9 pips.
Greenback has gained ground against the Yen and the pair is up by point 46% or 51 pips.
US data run bumped the spreads yesterday at a half past noon GMT, but 1.9 pips is the line that shouldn’t have been crossed.
I’m Kiays Khalil and these were the benchmark interbank price stats, so you could assess the fairness of your broker on this Tuesday.
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