Relatively Low Spreads on Tuesday [Video]
|Euro/Dollar’s long term average spread is point 28 pips and both of the sides were 1.1 pips apart during the past 4 hours. The pair has moved South of the 1 15 level to decline by a total of point 64% or 74 pips. Spreads have been relatively narrow, peaking at 1.1 pips today at 6:35 in the morning as the pair rose. The Cable’s spreads have averaged at point 79 pips during the past 24 hours, peaking at 1.8 pips. Pound/Dollar declined below the 1 30 level as the pair plummeted by point 78% or 102 pips. Spreads were slightly elevated yesterday at 3:23 PM GMT, but 1.8 pips is the most you should have been charged. And last up for this report is the Dollar/yen, which has long term average and maximum spreads of point 27 and point 6 pips respectively. The pair dropped by point 66% or 74 pips to hit the daily low at 112 15. No major separations have been recorded here for this pair and the max separation was only point 6 pips.
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