Dukascopy Bank Team
Dukascopy Bank SA
We are back with this week's first edition of the Dukascopy Spike Controller. Euro/Dollar's daily average spread is point 38 pips and peak separation has been 1.2 pips. Rate movement has been calm so far this week and the biggest move is a rise of point 24 percent or 28 pips. Spreads were slightly bumpy yesterday at 11 PM GMT, but 1.2 pips is the most you should have been charged. Next up is the Cable, which has a daily average spread of slightly more than 1 pip. Maximum separation has been 3.7 pips. Pound/Dollar has been trending slowly South, declining by point 37 percent or 48 pips. Spreads were slightly bumpy yesterday at 11 PM GMT, but 3.7 pips is the biggest gap you should have seen so far this week. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 38 and 1.2 pips respectively. The pair dropped by a total of point 51 percent or 55 pips to hit the daily low just pips above the 108 level. Despite the volatile rate movement, spreads have been mostly calm, peaking at only 1.2 pips.
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.
Recommended Content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.