This is the Main Spike Controller for Tuesday. Let’s take a closer look at the average and peak spreads for three non-cross majors.
First up is the Euro/Dollar with the average daily spread of point 24 pips. The daily max of point 8 pips was posted within the last 4 hours.
The pair’s biggest move was a gain of point 49% or 55 pips , but it has since retreated from the daily high of 1 1214.
Trading has been calm, and the daily peak of just point 8 pips was posted at 7 o’clock this morning.
The Cable’s average and peak long-time spreads stand at point 87 and 1.8 pips, respectively.
The last 24 hours have been bearish for this pair, which has lost point 71% or 93 pips from its highest point at 1 3092.
Spreads were at their highest after 11:04 yesterday evening, but 1.8 pips is as high as they went.
And Dollar/Yen’s spreads have averaged at point 39 pips over the last 24 hours. The daily peak reaches 2.4 pips.
This pair has been moving in waves, but the biggest move was a drop of point 52% or 53 pips.
The daily max was recorded after 12:16 AM, but at no point did it exceed 2.4 pips.
I’m Kiays Khalil and this was the Primary Spike Controller for Tuesday. Check back in throughout the day for the latest updates.
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