The Dukascopy TV team is back with the Primary Spike Controller for this week’s opening trading day.
Point 32 pips is the long term average spread for the Euro/Dollar. Max separation has been just 1 pip.
Start of this week has been calm in terms of the rate movement, daily high and low difference is just 24 pips.
No major spreads have been recorded and the max, which is just 1 pip took place today at 8:43 in the morning.
The Cable’s long term average is just slightly above 1 pip and both of the sides were 2.3 pips apart yesterday.
Pound/Dollar has surged by point 62% or 80 pips to reach the daily high of 1 3076.
Spreads were slightly elevated yesterday shortly before UK Rightmove house price index was released, but you shouldn’t have seen a separation bigger than 2.3 pips.
And last up for this report is the Dollar/Yen, which has long term average and maximum spreads of point 51 and 2.9 pips respectively.
Start of this week has been bearish for the Buck, the pair has dropped by point 7% or 72 pips.
Spreads were at their highest point yesterday at 11:32 PM, shortly before the daily high was reached, but 2.9 pips is the most you should have been charged.
I’m Kiays Khalil and that’s all for Monday’s Main Spike Controller. Stay tuned throughout the day as we provide you with the latest updates.
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