This is the Dukascopy Spike Controller for Monday with a look at the average and peak spread levels for the 3 non-cross majors. Euro/Dollar’s daily average and maximum spreads are point 36 and point 8 pips respectively. The pair has pushed higher during the early trading hours, gaining point 49% or 56 pips, moving towards the 1 16 level. Spreads have been relatively calm so far this week, not exceeding point 8 pips. The Cable’s long term average spread is point 83 pips and both of the sides were 1.9 pips apart yesterday. Pound/Dollar has gained ground in a sharp rise, moving above the 1 31 level as it gained point 58% or 76 pips. Spreads were elevated for a number of ticks yesterday at 11 PM GMT, but 1.9 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 3 pips. Peak separation has been point 9 pips. Greenback took a slide against the Yen, dropping by point 54% or 61 pips. Despite the volatile rate movement, spreads have been mostly narrow, peaking at only point 9 pips yesterday at 11 PM. I’m Jack Everitt and that's how things look at 10 AM GMT.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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