This is the Dukascopy Spike Controller for Thursday. As usual, we`ll provide you with the benchmark interbank price data for the 3 non-cross majors.
Euro/Dollar’s long term average and maximum spreads are point 34 and 2.5 pips respectively.
Single currency has gained some ground, rising by a total of point 64% or 75 pips to hit the high of 1 1880.
Spreads were bumped slightly up yesterday at 6 PM GMT as the US FOMC meeting minutes were released, but 2.5 pips is the biggest separation you should have seen.
The Cable’s spreads have averaged at point 8 pips during the past 24 hours, peaking at 3.3 pips.
Pound/Dollar has appreciated by a total of point 69% to post the daily volatility of 91 pips.
Publication of the US FOMC meeting minutes has had the most pressure on the spreads here as well, 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 38 and 2.8 pips respectively.
Trend has been changing here and the biggest move is a rise of point 45% or 50 pips.
Spreads have been mostly calm, peaking at 2.8 pips yesterday at 6 PM GMT here as well.
I’m Jessica Walker and this wraps up the 10 o’clock report, goodbye for now.
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