Week of 15 to 19 June 2026·Published
Week in Brief
Spreads held tight across major pairs through Wednesday before widening slightly on Friday as three central banks delivered rate decisions. Pepperstone held 0.1 pip EUR/USD all week, and BlackBull Markets did until Friday. Gold fell to $4,121, dragged by a hawkish Fed and the US-Iran interim ceasefire removing safe-haven demand.
Spread Movements by Instrument
EUR/USD
Stable Mon-Thu; BlackBull widened to 0.2 pips Friday- Week range
- 0.1 to 1.4 pips across brokers
- Cheapest
- BlackBull Markets at 0.1 pips (Mon-Thu), 0.2 pips (Fri)
- Notable
- USD hit a one-year high after the Fed hawkish hold; pair traded near 1.1420-1.1460 under dollar pressure.
XAU/USD (Gold)
Stable- Week range
- 0.12 to 0.30 USD across core brokers
- Cheapest
- BlackBull Markets at 0.12 USD
- Notable
- Gold fell to a one-week low of $4,121 on hawkish Fed and US-Iran ceasefire.
WTI/USD (Oil)
Stable- Week range
- 2.8 to 11.4 pts across brokers
- Cheapest
- IG World at 2.8 pts
- Notable
- WTI settled at $76.60 as the Strait of Hormuz reopened. BlackBull Markets quoted the widest spread, 10.4 to 11.4 pts.
GBP/USD
Stable; brief volatility Friday post-BOE- Week range
- 0.1 to 2.0 pips across brokers
- Cheapest
- BlackBull Markets at 0.1 pips
- Notable
- BOE held at 3.75% in a 7-2 vote. GBP/USD fell then recovered to 1.3236. Oanda at 2.0 pips was the most expensive throughout.
US500
Stable- Week range
- 0.3 to 1.1 pts across brokers
- Cheapest
- ThinkMarkets at 0.3 pts (Thursday); IG World at 0.4 pts (rest of week)
- Notable
- No spread widening despite the hawkish Fed backdrop.
GER40
Stable- Week range
- 1.4 to 4.33 pts (two brokers reporting)
- Cheapest
- IG World at 1.4 pts
- Notable
- EasyMarkets World at 4.33 pts is three times wider than IG on the same instrument.
NAS100
Stable- Week range
- 1 to 2.95 pts
- Cheapest
- BlackBull Markets at 1 pt
- Notable
- Only two brokers reporting this instrument.
USD/JPY
Stable- Week range
- 0.1 to 1.4 pips across brokers
- Cheapest
- BlackBull Markets at 0.1 pips
- Notable
- Pair near 161.00, at historical BOJ intervention levels. Fed hawkish hold added further dollar strength.
BTC/USD
Stable- Week range
- 15 to 25 USD across brokers
- Cheapest
- ThinkMarkets at 15 USD (Thursday)
- Notable
- Limited coverage. easyMarkets held 25 USD all week.
Broker Spotlight
BlackBull Markets posted 0.1 pips on EUR/USD, GBP/USD, USD/JPY, and AUD/USD for four consecutive days, the tightest major-pair spreads in the dataset.
Market Context
- Fed hawkish hold (June 19): Rates held but the dot plot signalled further tightening. USD index hit a one-year high. BlackBull EUR/USD widened from 0.1 to 0.2 pips on announcement day.
- BOE holds at 3.75% (June 19): 7-2 vote, described as an active hold. GBP/USD fell then recovered to 1.3236. No measurable spread widening.
- US-Iran interim ceasefire, Hormuz reopened (June 19): WTI settled at $76.60. EasyMarkets held 3.0 pts on WTI all week; IG held 2.8 pts. Oil spread structure was unaffected.
- Israel-Hezbollah ceasefire (June 19): Additional risk-premium unwind. Gold extended its three-day losing streak to close near $4,121.
To Watch Next Week
- June 23: BOJ rate guidance and intervention risk at USD/JPY 161.00. Instruments to watch: USD/JPY, US500, GER40
- June 24-25: ECB and BOE speakers following this week's holds. Instruments to watch: EUR/USD, GBP/USD
- June 27: US PCE inflation (Fed preferred measure, key for rate path confirmation). Instruments to watch: EUR/USD, US500, XAU/USD