It’s time for this week’s first Primary Spike Controller. Let’s take a closer look at the average and peak spread levels for the three non-cross majors.
Euro/Dollar’s long term average spread is point 43 pips, but averages have been lower during the last 4 hours. Peak separation has been 2 pips.
The pair moved South from the high of 1 1111 by a total of point 57% or 63 pips.
Spreads were slightly elevated yesterday shortly after 11 PM GMT, but 2 pips is the biggest gap you should have seen.
Next up is the Cable, which has long term average and maximum spreads of 1.4 and 4.4 pips respectively.
Pound/Dollar’s week has set off in a bearish tone, the pair has plummeted by close to 1% or 113 pips.
Spreads were higher than usual yesterday shortly after 11 PM GMT here as well, but make sure you haven’t been charged more than 4.4 pips.
Last up is the Dollar/Yen, which has a daily average of point 64 pips. Max separation has been 2.8 pips.
Greenback has gained ground against the Yen, rising by a total of point 87% or 90 pips.
Spreads were at their highest point yesterday at 11:42 PM GMT as the pair rose, but 2.8 pips is the line that shouldn’t have been crossed.
I’m Celeste Skinner and that’s the situation so far, but do stay tuned for the latest updates.
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