It’s time for the Primary Dukascopy Spike Controller for Wednesday, 16th of November.
Spreads have averaged at point 22 pips during the last 24 hours for the Euro/Dollar, peaking at 6.4 pips.
The pair has been on a slide from the high of 1 0804, declining by almost 1% or 104 pips.
US Preliminary Retail Sales report sent the spreads higher yesterday at 1:30 PM GMT, but the max of 6.4 pips lasted only a single tick as the rate declined.
The Cable’s long term average is slightly above the 1 pip level and max separation of 4 and a half pips was posted less than an hour ago.
Pound/Dollar gained more than 1% or 135 pips to hit the daily high at 1 2515.
UK Employment report sent the spreads higher today at 9:30 in the morning, but 4.5 pips is the biggest separation you should have seen.
Last up for this overview is the Dollar/Yen, which has long term average and maximum spreads of point 36 and 3.6 pips respectively.
Greenback has been on a rise against the Yen, gaining a solid 1.38% or 149 pips as the pair headed towards the 110 level.
Preliminary US Retail sales report has had the most pressure on the spreads for this pair, but 3.6 pips is the line that shouldn’t have been crossed.
I’m ___________ and that’s the situation so far, but do stay tuned for the latest updates.
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