Calm Monday for Spreads [Video]
|This is the Dukascopy Spike Controller for Monday with a look at the average and peak spread levels for the 3 non-cross majors. Euro/Dollar’s daily average and maximum spreads are point 36 and point 8 pips respectively. The pair has pushed higher during the early trading hours, gaining point 49% or 56 pips, moving towards the 1 16 level. Spreads have been relatively calm so far this week, not exceeding point 8 pips. The Cable’s long term average spread is point 83 pips and both of the sides were 1.9 pips apart yesterday. Pound/Dollar has gained ground in a sharp rise, moving above the 1 31 level as it gained point 58% or 76 pips. Spreads were elevated for a number of ticks yesterday at 11 PM GMT, but 1.9 pips is the line that shouldn’t have been crossed. And last up is the Dollar/Yen, which has a daily average spread of point 3 pips. Peak separation has been point 9 pips. Greenback took a slide against the Yen, dropping by point 54% or 61 pips. Despite the volatile rate movement, spreads have been mostly narrow, peaking at only point 9 pips yesterday at 11 PM. I’m Jack Everitt and that's how things look at 10 AM GMT.
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