Spike Controller

It’s a new year and Dukascopy Forex TV Team is back with the first edition of the primary Spike Controller.
Euro/Dollar’s long term average spread is point 36 pips and both of the sides were 1.9 pips apart during the last 4 hours.
Start of this year has been Euro bullish and the pair has gained more than 1% or 120 pips.
Despite the volatile rate movement, spreads have been generally calm, peaking at only 1.9 pips shortly after 8 o’clock as the rate moved up.
The Cable’s spreads have averaged at 1.09 pips during the last 24 hours, peaking at 5.4 pips during the last hour.
Pound/Dollar has been on a rise from the early low of 1 4693 and it has gained point 63% or 92 pips.
A couple of news reports regarding the UK economy were out today at 9:30 in the morning and that’s the time of the peak spread, but you shouldn’t have seen a gap bigger than 5.4 pips.
Last up is the Dollar/Yen, which has a daily average of point 39 pips and maximum separation has been 3 pips.
This pair has dropped from the early high of 120 47 by a total of 1.47% or 177 pips.
Spreads were elevated shortly after 6 o’clock in the morning, but make sure your broker hasn’t charged you more than 3 pips.
I’m Sam Meredith and this was the main Spike Controller for Monday. We’ll be updating these stats on an hourly basis, so click back.

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Spike Controller