UK Manufacturing PMI Bumps Spreads
December 3, 2018 10:51 amVideo
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This is the Dukascopy Spike Controller for Monday with a look at the average and peak spread levels for the 3 non-cross majors.
Euro/Dollar’s daily average spread is point 43 pips and maximum separation has been 1.4 pips.
The pair rose gradually by a total of point 46% or 52 pips to reach the daily high of 1 1380.
Spreads have been relatively narrow so far this week, peaking at only 1.4 pips yesterday at 11 PM GMT.
Next up is the Cable, which has long term average and maximum spreads of 1.1 and 3.6 pips respectively.
Pound/Dollar rose by a total of point 72% or 92 pips to hit the daily high of 1 2825, before a correction wiped out a large chunk of the gains.
Spreads peaked at 3.6 pips yesterday at 11 PM GMT and both of the sides were 3.4 pips apart during the past hour as the UK Manufacturing PMI was released.
And last up is the Dollar/Yen, which has a daily average spread of point 47 pips. Maximum separation has been 1.2 pips.
Greenback has been trending South against the Yen and it’s down by point 39% or 44 pips.
Spreads have been mostly calm, peaking at only 1.2 pips yesterday at 11 PM GMT.
I’m Kiays Khalil and that’s how things look at 10 AM GMT.
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