Spreads Up During UK Data [Video]
|Euro/Dollar’s long term average and maximum spreads are point 31 and 1.4 pips respectively. The pair moved South of the 1 16 level after declining by a total of point 64% or 74 pips. Both of the sides separated by 1.4 pips yesterday shortly before the US Industrial production stats were out and spreads were up to point 7 pips today as the Euro Zone CPI was released. The Cable’ s daily average spread is point 87 pips and maximum separation of 4 pips took place during the past 4 hours. Pound/Dollar has dropped by a total of point 85% or 112 pips to hit the daily low of 1 3125. It was busy with UK releases today at 8:30 in the morning and that’s the time of the peak spread, but 4 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 27 pips. Max separation has been point 6 pips. The pair rose above the 112 level as it gained point 38% or 43 pips. No major spreads have been posted here for this pair and the max separation was just point 6 pips.
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