UK Manufacturing PMI Bumps Spreads
September 3, 2018 10:49 amVideo
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The Dukascopy TV team is here with this week’s first Spike Controller, the program that helps you get the best deals from your broker.
Euro/Dollar’s long term average spread is point 39 pips and maximum separation of point 7 pips was posted during the past 4 hours.
The pair appreciated by a total of point 32% or 37 pips, but most of the gains have been given up.
Spreads have stayed relatively low so far this week, peaking at only point 7 pips for a total of three times.
The Cable’s daily average spread is point 8 pips and both of the sides were 3.3 pips apart less than 4 hour ago.
Pound/Dollar moved sharply lower, declining by a total of point 48% or 62 pips to move further below the 1 30 level.
Spreads were slightly up today at 8:30 as the UK Manufacturing PMI was out, but 3.3 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 45 and point 6 pips respectively.
Trend has been changing for this pair and the biggest move is a decline of point 31% or 34 pips.
Spreads have been mostly narrow and point 6 pips is the biggest gap you should have seen so far this week.
You’ve been watching the Spike Controller for Monday with me, Jack Everitt.
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