You’re watching the Main Spike Controller for Wednesday. Here’s a closer look at the average and peak spread levels.
Euro/Dollar’s long-term average spread stands at point 28 pips, maxing out at 1.4 pips.
The pair’s daily volatility of 39 pips was posted during a decline of point 35%, but it has since rebounded from its lowest point at 1 0978.
Several news releases from the United States were out at 2 PM yesterday, and spreads peaked at 1.4 pips just as they came out.
The Cable’s spreads have averaged at 1.27 pips over the last 24 hours, peaking at 6.1 pips within the last 4 hours.
Pound/Dollar has seen a bumpy decline, losing point 66% or 87 pips from its daily high of 1 3176.
UK GDP data shook up the spreads for this pair at half past 8 this morning.
Spreads remained volatile for a number of ticks, so make sure you haven’t been charged more than 6.1 pips.
And Dollar/Yen’s long-term average reaches point 57 pips, whereas the daily max stands at 3.9 pips.
The pair saw a strong growth until half past 2 this morning, gaining 2.22% or 231 pips, but the subsequent movement was more bearish.
Spreads were at their highest after 3:31 this morning, but 3.9 pips is as high as they went.
I’m Kiays Khalil and this was the Primary Spike Controller for Wednesday. Check back throughout the day if you have any doubts about your trades.
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