First of September is here and Dukascopy TV Team is back with the interbank spread overview.
Long term average is point 2 pips for the Euro/Dollar. Both of the sides were 1.9 pips apart yesterday.
Rate movement has been calmer than usual and the biggest move is a rise of point 39% or 43 pips.
Spreads were sent slightly higher yesterday by the US ADP employment report, but the max separation was just 1.9 pips.
The Cable’s daily average is point 84 pips and maximum separation has been 4.4 pips.
Pound/Dollar has jumped recently and this puts the pair up by a total of 1.47% or almost 200 pips.
Spreads were up to 4.4 pips yesterday at 12:15 PM GMT and both of the sides separated by 3.4 pips today at 8:30 as UK manufacturing PMI was released.
And last up is the Dollar/Yen, which has long term average and maximum spreads of point 31 and 2.6 pips respectively.
Trend has been changing and daily volatility of 59 pips was posted as the pair rose by point 57%.
US ADP employment release had the most pressure on the spreads for this pair, but 2.6 pips is the line that shouldn’t have been crossed.
I’m Sam Meredith and this was the main Spike Controller for Thursday, but do check back for hourly updates.
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