It’s time for Tuesday’s Main Spike Controller, where we’ll provide you with the benchmark interbank price data for the 3 non-cross majors.
Spreads have averaged at point 2 pips during the last 24 hours for the Euro/Dollar. Both of the sides were point 8 pips apart during the last 4 hours.
Last 24 hours have been calm in terms of rate movement, biggest move is a decline of point 34% or 38 pips.
Spreads have been as calm as the rate movement, biggest gap has been just point 8 pips.
The Cable’s daily average spread is point 88 pips and both of the sides separated by 2.1 pips yesterday.
Trend has been changing and the biggest move is a decline of point 47% or 62 pips.
Spreads have been relatively narrow during the last 24 hours, peaking at 2.1 pips yesterday minutes after 11 PM GMT.
And the final pair for this overview is the Dollar/Yen, which has long term average and maximum spreads of point 33 and 1.1 pips respectively.
Buck rose against the Yen from the low of 101 75, gaining point 69% or 70 pips.
No major spreads have been recorded during the past 24 hours, both of the sides were 1.1 pips apart today at 1:48 in the morning as the rate declined.
I’m Kiays Khalil and you’ve been watching the Primary Spike Controller for Tuesday.
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