Spike Controller

Stay on top of your trades this Thursday by watching the primary Spike Controller.<br />Spreads have averaged at point 24 pips during the last 24 hours for the Euro/Dollar. Maximum separation has been 9.2 pips.<br />There have been three sharp rises and the biggest move is a gain of point 62% or 67 pips.<br />The US FOMC rate statement was much anticipated by market participants and it shook up the spreads yesterday at 7 PM GMT.<br />Both of the sides stayed separated by more than usual for a while, but 9.2 pips is the max you should have seen.<br />The Cable’s long term average spread is point 94 pips and max separation has been 10.3 pips. Both of the sides were 6.9 pips apart during the last hour.<br />Pound/Dollar dropped yesterday by a total of point 87% or 125 pips, but the rate has surged during the last 4 hours.<br />Spreads were up to 10.3 pips yesterday during the Fed’s announcement and both of the sides were 6.9 pips apart today as the preliminary UK GDP was out.<br />And last up is the Dollar/Yen, which has long term average and maximum spreads of point 37 and 8.7 pips respectively.<br />This pair rose sharply yesterday, gaining point 8% or 94 pips to hit the daily high of 119 08.<br />Fed’s announcement caused the spreads to increase here as well, but 8.7 pips is the most your broker should have charged.<br />I’m Jessica Walker and this was the main Spike Controller for Thursday. As usual, the most up-to-date stats will be available throughout the day with the hourly updates.