EURUSD Lowest Spread Perfect for Active Expert Advisor Traders – 26th May to 30th May 2024

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 (Euro), Maintains with Good (1–2 points) spreads consistently across Asian, European, and US sessions. Spread performance is highly stable.

GBPUSD (British Pound), Delivers Excellent (0–2 points) spreads during the US session, with Good (2–3 points) in Asian and European sessions. 

AUDUSD (Australian Dollar), Performs best with Excellent (0–2 points) across Asian, European, and US sessions. 

USDJPY (Japanese Yen), Improvement required (>5 points) applies even during major sessions (Asian, European, US), indicating potential spread volatility under certain market conditions.

Gold and US WTI Oil:

XAUUSD (Gold), Achieves Excellent (0–10 points) spreads in the Asian and European sessions. Degrades to Average (15–20 points) in the US session.

USWTI (US Crude Oil), Good (30–40 points) spreads occur in the European and US sessions, while Average (>45 points) and Improvement required are seen in the Asian session, suggesting weaker liquidity.

Dow Jones 30 and German 30 Indices:

DJ30 (Dow Jones 30), Maintains Good (200–250 points) across Asian, European, and US sessions, showing consistent market depth.

GER30 (German 30 Index), Offers Good (200–300 points) spreads in the European session. During Asian and US sessions, spreads increase to Average (300–500 points).