Forex, Gold, Oil and Indices Spread Review - 19th January to 23rd January 2026

Chart I. Weekly Average Spread for Major Currency Pairs (EURUSD, GBPUSD, AUDUSD, USDJPY)

(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 minimize the impact of outliers during illiquid market sessions)

Chart II. Weekly Average Spread for Gold and US Crude Oil (XAUUSD, USWTI)

(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 minimize 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 minimize the impact of outliers during illiquid market sessions)

Weekly Average Spread Review Results:

Majors Currency Pairs:

EURUSD (Euro) maintained Excellent spreads (0–1 points) across Asian, European, and US sessions. This reflects consistently strong liquidity and favorable trading conditions throughout all major sessions.

GBPUSD (British Pound) recorded Good spreads (2–3 points) during the European and US sessions, while spreads widened to Average levels (3–4 points) in the Asian session, indicating slightly higher trading costs during Asian hours.

AUDUSD (Australian Dollar) achieved Excellent spreads (0–2 points) across Asian, European, and US sessions. This suggests stable and reliable performance across global markets.

USDJPY (Japanese Yen)

 experienced Improvement Required conditions (>5 points) across Asian, European, and US sessions, indicating persistently wider spreads and elevated trading costs across all time zones.

Gold and US WTI Oil:

XAUUSD (Gold) spreads widened to Improvement Required levels (>20 points) across Asian, European, and US sessions, indicating less favorable liquidity conditions overall despite tighter ranges being available at times.

USWTI (US Crude Oil) offered Good spreads (30–40 points) during European and US sessions. However, during the Asian session, spreads widened to  Improvement Required levels (>45 points) , reflecting reduced liquidity in Asian trading hours.

Dow Jones 30 and German 30 Indices:

DJ30 (Dow Jones 30) recorded Good spreads (200–250 points) during the US session, while spreads widened to Average levels (250–300 points) across Asian and European sessions, indicating moderately reduced liquidity outside US trading hours.

GER30 (German 30 Index) achieved Excellent spreads (100–200 points) during the European session. Spreads widened to Good levels (200–300 points) in the US session and further deteriorated to Average (300–500 points) during the Asian session, highlighting sensitivity to regional liquidity conditions.