Relatively Tame Spreads [Video]
|Euro/Dollar’s long term average spread is point 35 pips and peak separation has been 2 pips. The pair dropped yesterday by point 71% or 81 pips, but it has since regained some of the lost ground. Spreads were slightly bumpy yesterday shortly after 6 PM GMT, but the max separation has been just 2 pips. The Cable’s daily average spread is 1.17 pips and peak separation has been 3.8 pips. Pound/Dollar took a slide, moving further South of the 1 30 level as it dropped by point 85% or 110 pips. Spreads were above their usual level for a number of ticks yesterday at 11 PM GMT, but 3.8 pips is the line that shouldn’t have been crossed. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 38 and 1.2 pips respectively. Greenback has gained ground against the Yen, gaining point 6% or 67 pips in a move towards the 113 level. Spreads have been mostly calm for this pair, peaking at only 1.2 pips yesterday minutes after 11 PM GMT.
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