Best Forex Pairs with Lowest Spreads Weekly Review – 24th June to 28th June 2024

• Across AUDUSD, EURUSD, and USDJPY, spreads consistently hovered between 2-5 points, categorizing them as 'Average' in trading performance. GBPUSD, however, showed a need for improvement across all sessions.
• XAUUSD spreads started 'Average' during Asian trading, improving to 'Good' in EU/US sessions. Conversely, USWTI began 'Good' in Asia and reached 'Excellent' later in EU/US sessions.
• DJ30 maintained an 'Excellent' spread level (100-200 points) throughout all trading periods. GER30 started with a 'Good' spread in Asia but tightened significantly to an 'Excellent' level (200-300 points) during EU/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 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 'All 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 improved to a 'Good' level during the EU/US session.

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 an '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 (200-300) during the EU and US sessions.

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