ACY Securities Forex Spreads for EURUSD, GBPUSD and AUDUSD – 3rd June to 7th June 2024

• Major currency pairs maintained consistent performance, with spreads ranging from 'Good' to 'Average' levels across all sessions. Specifically, AUDUSD, EURUSD, and USDJPY displayed average spreads ranging between 2-5 points throughout trading sessions.
• GBPUSD spreads showed initial weakness during the Asian Session but tightened to an average level during the EU/US Sessions, indicating improved market conditions over time.
• Gold (XAUUSD) spreads started at an average level during Asian/EU sessions and improved to 'Good' during the US session, while USWTI oil spreads progressed from good to excellent levels across sessions. DJ30 spreads remained average due to subdued market activity, whereas GER30 spreads tightened significantly during EU/US sessions, reaching a 'Good' level after starting at average during the Asian session.

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 a 'Good' to 'Average' levels across four trading currency pairs during all sessions.

Specifically, AUDUSD spreads had been constantly ranging between 3-4 points, which was on an 'Average' level across all trading sessions. EURUSD spreads had been constantly ranging between 2-3 points, which was on 'Average' level across all trading sessions. USDJPY spreads had been constantly ranging between 4-5 points, which was on 'Average' level across all trading sessions. As well as GBPUSD spreads were at an 'Improvement required' level during Asian Session then tightened aggressively to an 'Average' level across several market events during the EU/ 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 XAUUSD, from the chart above it illustrates that the spreads were at an 'Average' level during the Asian/EU sessions then improved to a 'Good' level during the US session .

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 experienced an 'Average' level spread during All sessions due to reduced trading activity and a subdued market condition.

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 a 'Good' level (200-300) during the EU and US sessions.

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