Best Forex Pairs with Lowest Spreads Weekly Review - 1st January to 5th January 2024

• The main currency spreads did an excelled performance across four pairs throughout all trading sessions.
• Gold consistently had spreads below 15 points, averaging 10.14 points for the week while USWTI's spread began at a 'Good' level during the Asian session and then progressed to an 'Excellent' level during the EU and US sessions.
• For the DJ30, consistently had an 'Excellent' status, averaging 150-200 points during Asian and EU sessions. Meanwhile, the GER30 initially had a 'Good' spread during the Asian session due to lower trading activity and a quiet market.

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 across four trading currency pairs during all sessions.

EURUSD, AUDUSD and USDJPY spreads had been consistently within the range of 0-2 points, which was on ‘Excellent’ level across all trading sessions.

GBPUSD spread was generally at ‘Average’ level during Asian session due to less trading activity and quite market condition, and then tightened aggressively to ‘Excellent’ level during EU and US 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 gold (XAUUSD), from the chart above it illustrates that the spreads for gold consistently stayed below 15 points throughout the week, with an average spread of 10.14 points.

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 dropped to around 100 points from 150 points two weeks ago week during the US 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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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.