Spready

EUR/USD spreads widened from 0.782 to 0.873 pips average mid-week before easing to 0.841 on Friday, coinciding with the 04 Sep NFP surprise of 162K vs 56K forecast. GER40 spreads widened 36% at BlackBull Markets (5.5 to 7.5) around the same window. FXTM was cheapest broker on 15 of 45 key instrument-days, ahead of IG Group and ThinkMarkets at 10 each.

EUR/USD spreads tightened from 0.871 pips Monday to 0.742 pips by Friday, an 15% compression across the week. Gold and GBP/USD also tightened, while WTI/USD and BTC/USD widened, and BTC coverage dropped to a single broker on 26 August. IC Markets and FOREX.com were down every day this week, and AvaTrade joined them on 27 August.

Gold spreads widened to 8.692 USD average on 21 August as XAU/USD rallied toward 4,600. EUR/USD stayed stable near 0.90 to 0.904 pips all week despite a broker-count dip to 8 on 20 August. GBP/USD spreads widened sharply, from 1.132 pips on 17 August to 1.281 on 21 August, coinciding with UK PMI beating expectations and GBP hitting six-month highs.

EUR/USD spreads tightened from 0.901 to 0.801 pips average this week, with BlackBull Markets holding 0.1 pips every single day. FXTM, IC Markets and FOREX.com were down across all five days, and three index instruments (GER40, NAS100, US500) plus BTC/USD ran on just 3 to 4 brokers, making their averages thin.

EUR/USD spreads widened from 0.869 to 0.901 pips average this week, an increase of roughly 3.7%, as markets positioned into Friday's US Nonfarm Payrolls release. BlackBull Markets was cheapest on EUR/USD, GBP/USD and USD/JPY all week at 0.1 pips, while XM was consistently the dearest quote across those same pairs. Index spreads on GER40 and NAS100 tightened notably, with BlackBull Markets cutting its GER40 quote 63% from 3.5 to 1.3 points.

EUR/USD tightened from a 0.909 pip average on 27 July to 0.869 by 31 July, an 8 broker average across the week. Gold's headline 8.775 USD average on 30 July reflects only 4 brokers, a thin reading. BlackBull Markets was cheapest on 18 of 45 key instrument-days, well ahead of IG Group's 11.

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 tightened from 8.68 to 7.044 USD across the covered 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.