Best Gold Spreads for Active Traders - 7th August to 11th August 2023

• Major currency spreads were mostly 'Excellent' in the EU and US sessions, and 'Good' to 'Excellent' during the Asian session.
• The WTI oil maintained a tight spread in US sessions and remained competitive throughout Asian and European sessions last week.
• DJ30 GER30 starts as 'Good' in the Asian session, then tightens to 'Excellent' levels in the EU and US 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) 

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

EURUSD spreads had been able to maintain 0-1 during majority European sessions, USDJPY and AUDUSD have been consistent at staying under highest tiers spread as ‘Excellent’, while GBPUSD was able to maintain ‘Good’ level or better across the board.

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)

Gold spread has been kept closely at or below 10 points across all sessions, while during Asian sessions it was only slight above 10 for short period of time.

WTI Oil also remains tight spread during US sessions and kept competitive during Asian and European sessions for last week which had been a relatively quiet week.

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)

DJ30 spread maintains at ‘Excellent’ level across all trading sessions, with average spread between 150-200 points during Asian session and improves to 100-150 cents during EU and US sessions.

GER30 had improved to be majority as at ‘Good’ level during Asian session then tightened to ‘Excellent’ level during EU and US sessions.

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