UK, EU Data Bump Spreads [Video]
|This is the Dukascopy Spike Controller for Tuesday with a closer look at the benchmark interbank price stats. Euro/Dollar’s daily average spread is point 33 pips and peak separation of 1.4 pips was posted during the past hour. A single trend hasn’t formed for this pair and it rose yesterday by point 54% or 61 pips.
Spreads were slightly bumpy today at 9 AM during the Euro Zone data run, but 1.4 pips is the most you should have been charged. Moving on to the Cable, long term average is point 92 pips and both of the sides were 2 and a half pips apart during the past 4 hours.
Pound/Dollar rose by a total of point 67% or 86 pips, before giving up most of the gains. UK Employment report sent the spreads higher today at 8:30 AM, but 2.5 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 4 and point 8 pips respectively.
Greenback rose against the Yen, gaining a total of point 76% or 84 pips. Spreads have been relatively calm for this pair, peaking at only point 8 pips yesterday at 1:42 PM GMT. I'm Kiays Khalil and this was the Spike Controller for Tuesday.
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