It’s time for the Primary Dukascopy Spike Controller, where we take a closer look at the average and peak spread levels for the three non-cross majors.
Euro/Dollar’s long term average and maximum spreads are point 26 and 1.5 pips respectively.
Euro has been on a rise against the Buck gaining almost 1% or 107 pips to reach the high of 1 11.
US Construction Spending and Manufacturing PMI both were out yesterday at 2 PM GMT, sending the spreads slightly higher, but 1.5 pips is the most you should have been charged.
Moving on to the Cable, long term average is 1.1 pips and both of the sides were 3.6 pips apart yesterday.
Pound/Dollar’s daily volatility is 79 pips and it was posted as the rate advanced by point 65%.
US data run sent the spreads up to 3.6 pips yesterday at 2 PM GMT and both of the sides separated by 2.6 pips less than an hour ago as the UK Construction PMI was published.
And wrapping up this overview is the Dollar/Yen, which has a daily average spread of point 41 pips and peak separation has been 2.2 pips.
Greenback has been on a slide against the Yen, dropping by 1.51% or 159 pips from the high of 105 03.
Despite the volatile rate movement, spreads have been mostly calm, peaking at 2.2 pips yesterday at 2 PM GMT during the US data run.
I’m Jack Everitt and that’s how things look so far, but we will be updating these stats on an hourly basis, so check back.
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