Best Forex Pairs with Lowest Spreads Weekly Review – 12th February to 16th February 2024

• AUDUSD and USDJPY consistently maintained excellent spreads (0-2 points) across all trading sessions. GBPUSD and EURUSD spreads were good during the Asian session but tightened to excellent levels during EU and US sessions. 
• XAUUSD consistently had an excellent spread rating across all trading sessions with an average spread of 8.87 points. USWTI started with a good spread during the Asian session but progressed to an excellent level during the EU and US sessions. 
• The DJ30 initially had an average spread during the Asian session but tightened to excellent levels during US sessions, while maintaining a good level during EU sessions. GER30 followed a similar pattern, starting with an average spread during the Asian session but tightening to excellent levels during 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 ‘Excellent’ level across four trading currency pairs during all sessions.  

Specifically, AUDUSD and USDJPY spreads had been constantly ranging between 0-2 points, which was on ‘Excellent’ level across all trading sessions.   

GBPUSD and EURUSD spreads were generally at ‘Good’ 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 XAUUSD, the spread rating was on an ‘Excellent’ level across all trading sessions. With an average spread of 8.87 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 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 (100-200) during the US sessions and was at a ‘good’ level during EU session. 

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 (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.