Forex, Gold, Oil and Indices Spread Review – 18th March to 22nd March 2024

• Major currency pairs, including AUDUSD, EURUSD, USDJPY, and GBPUSD, showed good to average spreads across trading sessions. AUDUSD and EURUSD consistently ranged between 2-3 points, with AUDUSD at a good level and EURUSD at an average level. USDJPY spreads were average during Asian/EU sessions but tightened to a good level during US sessions. GBPUSD spreads remained good across all sessions.
• Gold (XAUUSD) consistently had spreads below 15 points during EU/US sessions, averaging around 14.90 points. USWTI oil started with a good spread during the Asian session and progressed to an excellent level during EU and US sessions.
• The DJ30 index had an average spread during the Asian session but tightened significantly to an excellent level during US sessions, remaining good during EU sessions. Similarly, the GER30 index started with an average spread during the Asian session but tightened to an excellent level 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 a ‘Good’ to ’Average levels across four trading currency pairs during all sessions.

Specifically, AUDUSD spreads had been constantly ranging between 2-3 points, which was on a ‘Good’ level across all trading sessions. EURUSD spreads had been constantly ranging between 2-3 points, which was on an ‘Average’ level across all trading sessions. USDJPY spreads were at an “Average” level during Asian/EU Sessions then tightened aggressively to a “Good” level across several market events during the US Session. As well as GBPUSD spreads that were on a “Good” 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 for gold consistently stayed below 15 points throughout the week during EU/US Sessions, with an average spread of 14.90 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' spread level 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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