Spike Controller

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You're watching another edition of the Main Spike Controller where we take a closer look at the spread levels for three non-cross majors.
Spreads have averaged at point 28 pips during the last 24 hours for the Euro/Dollar. Maximum separation has been 1.2 pips.
Trend has been changing for this pair and the biggest move is a decline of point 63% or 69 pips.
Spreads were slightly elevated for a number of ticks yesterday shortly after 11 PM GMT, but 1.2 pips is the most you should have been charged.
The Cable’s long term average is point 88 pips and both of the sides were 6.3 pips apart during the last hour.
Pound/Dollar has been on a slide from the high of 1 4604 and it has depreciated by a total of point 83% or 121 pips.
Both of the sides separated for a while today at 9:30 as the UK industrial production was out, but 6.3 pips is the biggest separation you should have seen.
Last up is the Dollar/Yen, which has a daily average spread of point 37 pips. Maximum separation has been 3.8 pips.
Last 24 hours have been volatile for this pair and the biggest move is a rise of point 73% or 85 pips.
Spreads peaked today at 1:16 in the morning as the rate was near the daily high, but anything far above the max of 3.8 pips shouldn’t be tolerated.
I’m Sam Meredith and this was the primary Spike Controller for Tuesday. We’ll be updating these stats on an hourly basis, so click back.

Author: dukascopy
Tags: spike spreads dukascopy forex news currency trading pips
Posted: 24 January 2016
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Spike Controller