Dukascopy Forex TV Team brings you another Primary Spike Controller. Here’s a closer look at the benchmark interbank price data for 3 non-cross majors.
Spreads have averaged at point 22 pips during the last 24 hours for the Euro/Dollar. Max separation stands at only point 8 pips.
Rate movement has been generally flat and the biggest move is a rise of point 23% or 25 pips.
Spreads have been calm and the max of just point 8 pips took place yesterday shortly after 11 PM GMT.
The Cable’s long term average is slightly below 1 pip and both of the sides were 3.6 pips apart less than 4 hours ago.
Pound/Dollar has been on a slide from the high of 1 3079, declining by a total of point 86% or 112 pips.
UK trade and manufacturing stats were released today at 8:30 in the morning and that’s the time of the peak daily spreads, but 3.6 pips is the most you should have been charged.
And last up is the Dollar/Yen, which has a daily average spread of point 35 pips. Max separation has been 1.3 pips.
The high of 102 66 was reached yesterday, but the pair has since declined by point 38% or 39 pips.
No major separations have been recorded and the max of just 1.3 pips took place yesterday at 10:35 AM during a rise.
I’m Kiays Khalil and that concludes the Main Spike Controller for Tuesday. These stats are updated on an hourly basis, so stay tuned.
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