US PPI Bumps EURUSD Spreads [Video]
|Euro/Dollar’s long term average spread is point 35 and pips peak separation has been 3 and a half pips. The pair rose sharply yesterday as it gained point 67% or 78 pips to break through the 1 16 level. Spreads were bumpy yesterday as the US Producer Price Index was released, but 3.5 pips is the biggest gap you should have seen. Next up is the Cable, which has long term average and maximum spreads of point 83 and 11 pips respectively. Pound/Dollar rose above the 1 30 level as it gained point 81% or 105 pips in a sharp rise. Spreads were elevated yesterday at 4:51 PM as the pair hit the daily high. Both of the sides were 11 pips apart, but they moved back closer after a single tick. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 62 and 3.4 pips respectively. Daily high and low difference is 46 pips and it was posted as the pair declined by point 41%, but it has since recovered most of the loss. Spreads have been mostly calm and the biggest gap of 3.4 pips took place yesterday minutes after 4 PM.
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