US Data Bumps Spreads for USD/JPY [Video]
|The euro-dollar pairs long-term average spread is point 34 pips and it has a maximum spread of 1.8 pips. The biggest move has been a decline of point 46 percent or 53 pips, but a single trend hasn’t formed for this pair. no news events influenced the spreads on this pair and the maximum separation has been relatively low at 1.8 pips. Moving on to the cable we see a long-term average of point 97 pips and a maximum spread of 3.4 pips The pair has been trending slowly up, gaining point 57 percent or 72 pips. No news events affected the spread levels here as well – they were up to 3.4 pips yesterday at 11 PM GMT. And last up is the dollar-yen pair which has a long-term average of point 37 pips and a maximum spread of 4.1 pips. Bullish run puts the pair up by a total of point 87 percent or 94 pips. Two news events influenced the spreads here and they were the US ISM Non-Manufacturing PMI and US Factory Orders. Both of the sides were 4.1 pips apart during these publications yesterday at 3 PM GMT.
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