Spready

EUR/USD spreads widened from 0.843 to 0.909 pips average across the week, a 7.8% increase, while broker outages hit ThinkMarkets, FXTM, AvaTrade, IC Markets and FOREX.com on various days. XAU/USD showed a data quality issue with Saxo Bank quoting 34 USD, a known parse error, masking a real tightening from 8.68 to 7.044 among the remaining brokers.

Spreads on the major FX pairs held flat for a fifth straight session as currency volatility sat near multi-year lows. XM stayed the widest broker on EUR/USD, GBP/USD and USD/JPY all week, quoting 2.0 to 2.5 pips against a field mostly under 1 pip. Blackbull Markets was the cheapest broker overall, taking the tightest spread on 25 of 45 key instrument-days tracked.

XM widened its EUR/USD, GBP/USD and USD/JPY spreads by 80 to 92 percent starting Tuesday and held the wider quotes through Friday, the single largest broker move of the week. Every other broker on those three pairs held flat all five days. Blackbull Markets was the cheapest broker across the board, taking the tightest spread on 13 of 25 instrument-days tracked.

A softer than expected US jobs report on Friday reset Federal Reserve rate expectations, tightening EUR/USD, GBP/USD and USD/JPY spreads among consistently-reporting brokers through the week. Gold pushed toward $4,200 but broker spreads on XAU/USD stayed completely flat all five days. BlackBull Markets held the tightest or joint-tightest spread on six of the nine instruments tracked this week.

Spreads held steady across FX and gold all week, even as US PCE data released Friday softened near-term Fed rate expectations and gold held above $4,000. The week's standout movement came from Swissquote's NAS100, which swung from 2.45 pts on Wednesday to 3.2 pts on Thursday as Micron surged 15% on AI demand. FOREX.com dropped its GBP/USD spread to 0.1 pips on Thursday, the tightest GBP/USD reading of the week from any broker.

Spreads held tight across major pairs through Wednesday before widening slightly on Friday as three central banks delivered rate decisions. BlackBull Markets and Pepperstone maintained sub-0.2 pip EUR/USD all week. Gold fell to $4,121, dragged by a hawkish Fed and the US-Iran interim ceasefire removing safe-haven demand.

Spreads held flat across every major FX pair and gold all week, even as a hawkish Fed drove the dollar higher and gold fell for a third straight week. The movement was in the indices. Swissquote NAS100 swung from 3.2 points Monday to 2.45 midweek and back to 2.95 Thursday, while BlackBull held NAS100 at 1.0 the whole week. Swissquote also widened WTI from 0.052 to 0.072 points across the four days as the Strait of Hormuz reopened.

Spreads were flat across every major FX pair and gold all week. The ECB raised rates by 25 basis points on Thursday and EUR/USD spreads held at 0.78 pips without movement. The one instrument worth watching is NAS100: Swissquote ranged from 1.7 to 3.2 points across four days while BlackBull held firm at 1.0. WTI spreads tightened Tuesday, widened Wednesday, then recovered fully by Thursday as US-Iran ceasefire talks continued.

Spreads held tight across most majors even as gold swung hard and USD/JPY pushed toward 160. BlackBull led on price again, posting the cheapest spread in every FX major and in gold. The one clear move was at the index desk: Swissquote widened US500 from 1.1 to 1.35 points and NAS100 from 2.2 to 2.7 points into Thursday, ahead of Friday payrolls.