It’s time once again for the Primary Spike Controller so you can check the honesty of your broker on this Thursday.
Euro/Dollar’s long term average spread is point 23 pips and max separation of 1.2 pips took place during the last 4 hours.
Single currency has been climbing up against the Buck, gaining point 56% or 62 pips to reach the high of 1 1129.
Spreads have been generally calm and the max of only 1.2 pips took place today at 6:28 in the morning as the rate reached the daily high.
The Cable’s long term average and maximum spreads are 1.43 and 3.6 pips respectively.
Pound/Dollar dropped to the low of 1 3105 by 1.51% or 201 pips, but some of the loss has been recovered as the trend changed.
Spreads were elevated for a number of ticks today at 1:30 in the morning, but 3.6 pips is the line that shouldn’t have been crossed.
And the final pair for this overview is the Dollar/yen, which has a daily average of point 41 pips. Peak separation has been 2.1 pips.
Greenback has shot up against the Yen, gaining almost 2% or 201 pips to hit the high of 105 92.
No major spikes have been recorded and the max of just 2.1 pips took place less than an hour ago.
I’m Sam Meredith and this was the Main Spike Controller for Thursday. Stay tuned throughout the day for the hourly updates of these stats.
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