Spike Controller

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.<br />Euro/Dollar has a daily average spread of point 47 pips and maximum separation has been 1.5 pips.<br />Trend has been changing for this pair and the biggest move is a rise of point 66% or 71 pips.<br />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.<br />The Cable has a long term average and maximum spreads of 1.64 and 6.1 pips respectively.<br />Start of this week has been bearish for the Pound/Dollar, it has declined by point 37% or 56 pips.<br />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.<br />Last up is the Dollar/Yen, which has a daily average of point 48 pips. Maximum spread has been 1.4 pips.<br />This pair rose sharply from the early low of 122 22 and it has gained point 61% or 75 pips.<br />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.<br />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.