Forex, Gold, Oil and Indices Spread Review – 2nd December to 6th December 2024

• Major currency pairs generally experienced "Improvement Required" spread levels, with EURUSD, USDJPY, and GBPUSD consistently falling into this category across all sessions, while AUDUSD showed improvement during the US session.
• Gold (XAUUSD) spreads were at an "Average" level during the Asian session but tightened to a 'Good' level during the EU/US sessions, while USWTI oil spread improved from 'Good' to 'Excellent' as the day progressed.
• Dow Jones 30 (DJ30) maintained "Excellent" spread levels throughout all sessions, while German 30 (GER30) started at a 'Good' level but tightened significantly to "Excellent" during the 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 an ‘Improvement Required’ level across four trading currency pairs during all sessions.

Specifically, AUDUSD spread began at an “Improvement Required” level during the Asian and EU sessions and then progressed to an “Average” level during the US session. EURUSD spreads had been ranging between 3-4 points at an “Improvement Required” during all Sessions. USDJPY spreads had been ranging between 5-6 points which was an “Improvement Required” level across all trading sessions. As well as GBPUSD spreads were at an “Improvement required” level during all trading 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 tightened aggressively to a “Good” level during EU/US Sessions.

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 a “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 (100-200) during the EU and US sessions.

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