Dukascopy Forex TV team brings you yet another Primary Spike Controller, helping you to stay on top of your trades this Wednesday.
Euro/Dollar’s daily average spread is slightly above the point 2 pip mark, but they are lower in both the last 1 and 4 hours. Max of 1 and a half pips took place less than an hour ago.
Single currency has been on a rise against the Buck, gaining almost 1% or 109 pips to reach the high of 1 1184.
Despite the volatile rate movement, spreads haven’t exceeded 1.5 pips during the last 24 hours.
Pound/Dollar’s long term average and maximum spreads are point 99 and 2.6 pips respectively.
The Cable has had a bullish run, gaining slightly more than 1% or 135 pips to reach the high of 1 3091.
Spreads were increased for a number of ticks today at 12:13 in the morning, but 2.6 pips is the biggest separation you should have seen.
Wrapping up this overview is the Dollar/Yen, which has a long term average spread of point 37 pips. Max separation has been 2.2 pips.
Greenback dropped against the Yen by a total of 1.2% or 123 pips to hit the low of 101 12.
News reports don’t match the time of the peak spread – both of the sides separated by 2.2 pips today at 12:25 in the morning.
I’m Sam Meredith and that’s all for Wednesday’s Main Spike Controller. We’ll be providing you with the latest data throughout the day, so stay tuned.
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