You’re watching the Main Spike Controller for Tuesday. Here’s a closer look at the average and peak spreads for three non-cross majors.
Euro/Dollar’s long-term average stands at a quarter of a pip, and the daily peak of 2 pips was reached within the last 4 hours.
The last 24 hours have been bullish for this pair, as it’s up by point 48% or 54 pips.
Trading has been quite calm, and the daily peak of 2 pips was posted after 7:06 this morning.
Next up is the Cable with the average and peak spreads of 1.15 and 5.1 pips, respectively.
This pair has also had a bullish day, gaining point 72% or 95 pips, although it has since declined from its daily peak of 1 3257.
Several news releases from the United States were out at 2 PM yesterday, and spreads peaked at 5.1 pips just as the data came out.
And Dollar/Yen’s long-term average reaches point 46 pips, whereas the daily max stands at 3.8 pips.
The rate went down this morning, losing no less than 1.34% or 138 pips from its highest point at 102 84.
US news releases shook up the spreads for this pair as well, but 3.8 pips is as high as they went.
I’m Sam Meredith and this was the Primary Spike Controller for Tuesday. Check back in throughout the day for the latest updates.
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