Forex, Gold, Oil and Indices Spread Review – 12th May to 16th May 2025

Chart I. Weekly Average Spread for Major Currency Pairs (EURUSDzero, GBPUSDzero, AUDUSDzero, USDJPYzero)

(Note: The below 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)

Chart II. Weekly Average Spread for Gold and US Crude Oil (XAUUSDzero, USWTIzero)

(Note: The below 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)

Chart III. Weekly Average Spread for German 30 Index and Dow Jones 30 Index (GER30, DJ30)

(Note: The below 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)

Weekly Average Spread Review Results:

Majors Currency Pairs:

EURUSD maintained Good spreads (1–2 points) across all major sessions (Asian, European, US), with Excellent conditions (0–1 points) possible during peak liquidity hours. This shows high liquidity and cost efficiency consistently across global markets.

GBPUSD showed all sessions maintained Good spreads (2–3 points), including the Asian, European, and US sessions. While generally stable.

AUDUSD reached Excellent spread levels (0–2 points) during the US session, with Good spreads (2–3 points) in Asian and European sessions. This indicates relatively stronger pricing during US hours.

USDJPY demonstrated Excellent spreads (0–3 points) across all time zones (Asian, European, US), making it the most stable and liquid among the FX pairs. 

Gold and US WTI Oil:

Gold (XAUUSD) had Excellent spreads (0–10 points) during the European and US sessions and Good spreads (10–15 points) during the Asian session. It maintained tight spreads throughout, but was most favorable outside Asian hours.

USWTI Oil performed best during the US session (Excellent, 20–30 points), and maintained Good conditions (30–40 points) during the European session. Spreads deteriorated to Improvement Required (>45 points) during the Asian session, suggesting limited liquidity.

Dow Jones 30 and German 30 Indices:

DJ30 (Dow Jones 30) sustained Good spreads (200–250 points) across all trading sessions (Asian, European, US), indicating reliable and liquid trading conditions throughout.

GER30 (German 30 Index) was more volatile. spreads were typically in  Average (300–500 points) range across all sessions. This indicates moderate liquidity, with higher trading costs compared to DJ30.