Calm Spreads in Volatile Markets [Video]
|Euro/Dollar’s spreads have averaged at point 29 pips during the past 24 hours, peaking at 1.2 pips. Euro has been on a slide against the Buck, dropping by a total of point 82% or 94 pip to move south of the 1 15 level. Spreads have been relatively calm, the max of just 1.2 pips took place yesterday at 3:25 PM. The Cable’s long term average and maximum spreads are point 8 and 1.8 pips respectively. Pound/Dollar has been on a slide, dropping by almost 1% or 121 pips to hit the daily low just pips above the 1 30 level. Despite the volatile rate movement, spreads have stayed low, peaking at only 1.8 pips yesterday. And last up is the Dollar/Yen, which has a daily average spread of point 32 pips. Both of the sides were 2.5 pips apart yesterday. Trend has changed for this pair and the biggest move is a decline of point 59% or 67 pips. Spreads were slightly bumpy yesterday at 3:29 PM, but 2.5 pips is the most you should have been charged.
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