Dukascopy Forex TV Team brings you the primary Spike Controller so you could make sure you are getting the best possible deals from your broker on this Monday.
Euro/Dollar has a long term average spread of point 44 pips and max separation has been 1.2 pips.
Daily volatility of 47 pips was posted as the rate moved South by point 42%, but most of the loss has been recovered in a following rise.
Start of this week has been calm in terms of spreads, they haven’t exceeded 1.2 pips.
The Cable’s daily average is 1.84 pips and both of the sides were 4.1 pips apart during the last 4 hours.
A single trend hasn’t formed here as well and the biggest move was a decline of point 49% or 65 pips.
UK Construction PMI was released today at 8:30 in the morning, sending the spreads higher, but 4.1 pips is the biggest gap you should have seen.
Last up is the Dollar/Yen, which has long term average and maximum spreads of point 54 and 1.4 pips respectively.
Rate surged from the low of 102 42 during the early trading hours, gaining point 38% or 39 pips.
Spreads were slightly elevated yesterday minutes after 11 PM GMT, but 1.4 pips is the line that shouldn’t have been crossed.
I’m Jessika Walker and that’s it for Monday’s main Spike Controller. These stats will be updated on an hourly basis, so stay tuned.
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