It’s a new trading week and we’re back with the primary Spike Controller so you could keep your broker on a short leash. I`m Monica Gibson.
Euro/Dollar has a daily average spread of point 47 pips and maximum separation has been 1.5 pips.
Trend has been changing for this pair and the biggest move is a rise of point 66% or 71 pips.
No major spikes have been recorded so far this week and the biggest gap of only 1.5 pips took place yesterday at 11 PM GMT.
The Cable has a long term average and maximum spreads of 1.64 and 6.1 pips respectively.
Start of this week has been bearish for the Pound/Dollar, it has declined by point 37% or 56 pips.
Spreads were elevated for a number of ticks yesterday at 11 PM GMT here as well, but 6.1 pips is the biggest gap you should have seen.
Last up is the Dollar/Yen, which has a daily average of point 48 pips. Maximum spread has been 1.4 pips.
This pair rose sharply from the early low of 122 22 and it has gained point 61% or 75 pips.
Japanese GDP was out at ten to midnight GMT and that’s the time of the peak spread, but you shouldn’t have been charged more than 1.4 pips.
This wraps up the main Spike Controller for Monday. Stay tuned to the hourly updates to keep your finger on the pulse of the spread stats.
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