Don’t let your guard down this Friday and keep checking your broker’s price feed with the Main Spike Controller.
Euro/Dollar’s long term average spread is point 23 pips and max separation has been 2.4 pips.
The rate spiked yesterday to reach the high of 1 1284, but a following decline of point 51% has posted the day’s high and low difference of 58 pips.
Spreads were elevated yesterday at a half past noon GMT during the US data run, but the biggest gap was just 2.4 pips.
The Cable’s daily average spread is point 92 pips and maximum separation has been 7.8 pips.
Trend has been changing for this pair and the biggest move is a rise of point 52% or 68 pips.
Bank of England monetary policy statement sent the spreads up yesterday at 11 AM, but 7.8 pips is the line that shouldn’t have been crossed.
Last up is the Dollar/Yen, which has long term average and maximum spreads of point 39 and 2.5 pips respectively.
The rate dropped yesterday by close to 1% or 102 pips to hit the daily low of 101 74.
The 12:30 PM US data run has had the most pressure on the spreads for this pair, but 2.5 pips is the most you should have been charged.
I’m Kiays Khalil and you’ve been watching the Primary Spike Controller for Friday. Check back for the hourly updates if you have any doubts about your trades.
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