Spike Controller

It’s Tuesday and time for the primary Dukascopy Spike Controller, providing you with the benchmark interbank price data. I`m Monica Gibson.<br />First up is the Euro/Dollar and spreads have averaged at point 28 pips during the last 24 hours, peaking at 1 and a half pips.<br />Daily volatility is 63 pips and it was recorded yesterday as the rate moved sharply down by point 58%.<br />Spreads have been generally calm and the biggest gap of only 1.5 pips took place yesterday at 11:05 as the rate declined.<br />The Cable’s long term average and maximum spreads are point 9 and 2.3 pips respectively.<br />Pound/Dollar gained point 41% or 62 pips yesterday, but rate movement has been relatively flat afterwards.<br />Spreads were slightly elevated yesterday at 11:30 PM GMT, but 2.3 pips is the biggest gap you should have seen.<br />Last up is the Dollar/Yen, which has a daily average of point 31 pips. Peak separation has been 1.1 pips.<br />Long term high and low difference is 59 pips and it was recorded yesterday as the rate declined by point 48%.<br />Spreads have remained at low levels during the last 24 hours, showing a max of 1.1 pips yesterday at 11:23 PM.<br />This brings Tuesday’s main Spike Controller to an end. We`ll be updating these stats on an hourly basis, so stay tuned.