Best Forex Pairs with Lowest Spreads Weekly Review – 16th September to 20th September 2024

• Major currency pairs generally maintained average spread levels, with AUDUSD ranging from 3-4 points and EURUSD from 2-3 points, while GBPUSD and USDJPY showed improvement needs, particularly during the Asian session.
• XAUUSD spreads improved from average to good during the EU/US sessions, while USWTI started at a good level and progressed to excellent.
• DJ30 consistently maintained excellent spread levels of 100-200 points, whereas GER30 experienced good spreads during the Asian session before tightening 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) 

Majors Currency Pairs  

The Major currency spreads were generally performing at an ‘Average’ level across four trading currency pairs during all sessions.

Specifically, AUDUSD spreads had been constantly ranging between 3-4 points, which was on a ‘Average’ level across all trading sessions. EURUSD spreads had been constantly ranging between 2-3 points, which was on a ‘Average’ level across all trading sessions. USDJPY spreads were at an ‘Improvement required’ level during the Asian session then tightened aggressively to a ‘Average level during EU/US Sessions. As well as GBPUSD spreads had been constantly ranging between 4-5 points, which was on an ‘Improvement required’ level during all trading sessions.

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)  

For the spread of XAUUSD, from the chart above it illustrates that the spreads were at an ‘Average” level during the Asian session then tightened aggressively to a ‘Good’ level during EU/US Sessions.

As for USWTI, its spread began at an ‘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 spreads had been constantly ranging between 100-200 points, which was on a ‘Excellent” level across all trading sessions.

In contrast, the GER30 initially experienced a Good 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 (100-200) during the EU and US sessions.

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