US CPI Release Bumps Spreads

It's Wednesday and you're watching the Dukascopy Spike Controller, where we'll take a look at the benchmark interbank price stats for 3 non-cross majors. Euro/Dollar’s spreads have averaged at slightly less than point 3 pips in all three time ranges. Peak separation is just slightly more than five pips. The pair rose yesterday by a half a percent or 56 pips to break above the 1.13 price level... Еще. Spreads were slightly elevated yesterday at a half past noon GMT as the US Consumer Price Index was released, but the max of 5.1 pips lasted only a single tick. Moving on to the Cable, the long term average spread is 1.16 pips and maximum separation has been 5.5 pips. Pound/Dollar plummeted yesterday by 1.57 percent or more than 200 pips, but a large chunk of those losses has been recovered. The US CPI release bumped the spreads higher for this pair as well, but 5.5 pips is the line that should not have been crossed. And last up is the Dollar/Yen, which has long term average and maximum spreads of point 29 and 1.4 pips respectively. Rate movement has been mostly calm for this pair. The daily high and low difference of 29 pips was posted as the pair declined by point 26 percent. Spreads were slightly up during the release of the US CPI, but make sure your broker hasn’t charged you more than 1.4 pips. I’m Kiays Khalil and this concludes Wednesday's Spike Controller.

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