ACY Securities Forex Spreads for EURUSD, GBPUSD and AUDUSD - 30th October to 3rd November 2023

• Spreads on major currencies were generally “excellent” in the European and US sessions and “good” or “excellent” in the Asian session.
• Due to the influence of market news this week, the Gold price difference also increased slightly compared to last week. However, gold price spreads remained "good", maintaining an average spread of 11.75 cents across all trading sessions.
• The DJ30 spread has consistently maintained “Excellent” status across all trading sessions, with an average spread of 150-200 points during the Asian and European sessions.

Major Currency Pairs - EURUSD, AUDUSD, GBPUSD and USDJPY

(Note: The above chart excludes the spread data of the first two hour after market open and the last one hour before market close to minimise the impact of outliers during illiquid market sessions)

Majors Currency Pairs

The Major currency spreads were generally performing at ‘Excellent’ level during EU and US session, and ‘Good’ or ‘Excellent’ during Asian session.

In particular, the spreads for EURUSD and AUDUSD consistently remained within the range of 1-2 points, reaching a 'Good' level across all trading sessions.

The point spread for GBPUSD, although it increased during the opening and news release compared to last week, it has improved overall. Meanwhile, USDJPY maintained a spread of approximately 0-3 points throughout the entire trading session.

Regarding the spread ‘spike’ during the hour between 15:00 - 16:00 (GMT+3), it was due to the Unemployment claims (Thursday), US Non-Farm employment change and unemployment rate news announcement (Friday). Additionally, the point spread at the close of the US trading session increased last week due to the Federal Reserve's interest rate decision.

Gold and US WTI Oil

(Note: The above chart excludes the spread data of the first one hour after market open and the last one hour before market close to minimise the impact of outliers during illiquid market sessions)

Due to the impact of market news this week, the Gold spread also saw a slight uptick compared to the previous week. Nevertheless, the gold spread retained its 'Good' status, maintaining an average spread of 11.75 cents across all trading sessions. Additionally, it's worth noting that during the US trading session, there was an average improvement of approximately 2 points in spreads.

As for USWTI, its spread began at a 'Good' level during the Asian session and then progressed to an 'Excellent' level during the EU and US sessions.

Dow Jones 30 and German 30 Indices

(Note: The above chart excludes the spread data of the first one hour after market open and the last one hour before market close to minimise the impact of outliers during illiquid market sessions)

The DJ30 spread consistently maintained its 'Excellent' status throughout all trading sessions, with an average spread of 150-200 points during the Asian and EU sessions. It reduced to 100-150 points during the US sessions.

In contrast, the GER30 initially experienced an 'Average' level spread during the Asian session due to reduced trading activity and a subdued market condition. However, it subsequently underwent significant tightening, reaching an 'Excellent' level during the EU and US sessions.

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This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.