Let’s find out if news releases have shaken up the spread levels during the past 24 hours.
Euro/Dollar’s long term average spread is point 38 pips and peak separation has been 1.4 pips.
The pair has moved South of the 1 17 level as it declined by a total of point 63% or 74 pips.
Spreads were bumped slightly up yesterday at a half past noon GMT as the US Personal Income and Outlays stats were out, but you shouldn’t have seen a separation bigger than 1.4 pips.
Pound/Dollar’s daily average spread is point 95 pips and both of the sides were 2.8 pips apart yesterday.
Daily high and low difference is 84 pips and it was posted as the pair dropped by point 64%.
Spreads were sent slightly up yesterday at a half past noon GMT as the US data was out, but anything far above the max of 2.8 pips shouldn’t be tolerated.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 57 and 1.9 pips respectively.
Past 24 hours have been Greenback bullish and the pair has gained point 66% or 74 pips.
News reports don’t match the time of the peak spread here – both of the sides were 1.9 pips apart yesterday at 7:46 PM as the pair declined.
I’m Jack Everitt and this wraps up the Spike Controller for Wednesday.

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