Dukascopy Bank Team
Dukascopy Bank SA
It's time for another edition of the Dukascopy Spike Controller, where we take a closer look at the spread levels for the 3 non-cross majors. Euro/Dollar's daily average spread is point 3 pips and maximum separation has been 1.1 pips. The pair has returned above the 1.13 level as it gained point 61 percent or 69 pips in an uptrend that lasted during most of the past 24 hours. Spreads have been relatively calm and the max separation of 1.1 pips took place yesterday at 11 PM GMT. Moving on to the Cable, long term average spread is point 85 pips. Peak separation has been 3.9 pips and both of the sides were 3.5 pips during the past hour. Pound/Dollar rose towards the 1.30 level as it gained a total of point 68 percent or 87 pips. The peak spread of 3.9 pips took place yesterday at 11 PM GMT and both of the sides were 3.5 pips apart today during the UK data run at 9:30 AM. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 47 and 1 pip respectively. The pair rose further above the 110 level as it gained a total of point 39 percent or 43 pips. No major separations have been recorded for this pair and 1 pip is the most you should have been charged.
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
GBP/USD stays below 1.2450 after UK employment data
GBP/USD trades marginally lower on the day below 1.2450 in the early European session on Tuesday. The data from the UK showed that the ILO Unemployment Rate in February rose to 4.2% from 4%, weighing on Pound Sterling.
EUR/USD steadies above 1.0600, awaits German ZEW and Powell speech
EUR/USD is holding above 1.0600 in the European morning on Tuesday, having hit fresh five-month lows. The pair draws support from sluggish US Treasury bond yields but the rebound appears capped amid a stronger US Dollar and risk-aversion. Germany's ZEW survey and Powell awaited.
Gold price holds steady below $2,400 mark, bullish potential seems intact
Gold price oscillates in a narrow band on Tuesday and remains close to the all-time peak. The worsening Middle East crisis weighs on investors’ sentiment and benefits the metal. Reduced Fed rate cut bets lift the USD to a fresh YTD top and cap gains for the XAU/USD.
SOL primed for a breakout as it completes a rounding bottom pattern
Solana price has conformed to the broader market crash, following in the steps of Bitcoin price that remains in the red below the $65,000 threshold. For SOL, however, the sensational altcoin could have a big move in store.
Key economic and earnings releases to watch
The market’s focus may be on geopolitical issues at the start of this week, but there is a large amount of economic data and more earnings releases to digest in the coming days.