Spready

GER40 spreads widened the most this week, swinging from a 2.361 point average to 2.933 as BlackBull Markets' quote jumped from 7.5 to 9.5 points, a 27 percent move. Most other key instruments, including EUR/USD at a flat 0.852 pips, held stable across the week. IC Markets (Raw Spread account, commission extra) was cheapest on 25 of 45 key instrument-days.

EUR/USD spreads tightened from 0.889 to 0.834 pips this week, with GBP/USD and USD/JPY following the same pattern, both dropping sharply mid week on 14 October. XAU/USD, WTI/USD, US500, NAS100 and BTC/USD held flat all five days. IC Markets (Raw Spread account, commission extra) was cheapest across the majority of key instrument-days.

EUR/USD spreads moved from a 0.879 pip average to 0.890 on the final day, the only key instrument to shift its average this week. GER40 was the most active mover, tightening from 2.52 to 2.395 points with a mid-week low of 2.27 on Thursday. All other key instruments, GBP/USD, USD/JPY, XAU/USD, WTI/USD, US500, NAS100 and BTC/USD, held flat across the week.

US payrolls missed hard at 29K versus 90K expected on Friday, and every key instrument with enough broker coverage widened on the week. EUR/USD average spreads ran from 0.879 to 0.946 pips, GBP/USD from 1.049 to 1.127 pips, and GER40 jumped from 2.27 to 2.845 points around the Thursday to Friday window. IC Markets (Raw Spread account, commission extra) stayed the cheapest name across 22 of 45 key instrument-days.

EUR/USD spreads widened from 0.879 to 0.921 pips average this week, tracking a broader widening across majors including GBP/USD (1.049 to 1.104) and USD/JPY (0.959 to 1.013). IC Markets was cheapest on EUR/USD, GBP/USD and USD/JPY every single day. Wednesday 23 September saw a broad uptick across nearly every instrument before most eased back by Friday.

EUR/USD spreads widened from 0.801 pips on 14 Sep to 0.921 pips on 18 Sep, a broker gap driven by a hawkish Fed outlook and Euro weekly losses. Most instruments widened mid-week then eased into Friday, while GER40 stood out with spreads climbing from 2.244 to 2.718 points across the week. BlackBull Markets was cheapest across key instruments 14 times out of 45 instrument-days tracked.

EUR/USD held flat all week at 0.801 pips average, the tightest of any major. The bigger story is WTI/USD, where the average spread tightened from 3.85 to 3.375 points as ThinkMarkets cut its WTI spread 56% from 3.4 to 1.5, coinciding with a week of oil headlines including a 4% WTI drop on profit-taking. NAS100 moved the other way, widening from 1.317 to 1.483 points as Swissquote's quote rose 26%.

EUR/USD spreads held at 0.801 pips average all week, through 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 and ThinkMarkets were each cheapest broker on 15 of 45 key instrument-days, ahead of IG Group at 10.

EUR/USD spreads tightened from 0.786 pips Monday to 0.689 pips by Friday, a 12% compression across the week. Gold and GBP/USD also tightened, while BTC/USD widened, and BTC coverage dropped to a single broker on 26 August.

Gold spreads held at 0.257 USD all week as XAU/USD rallied toward 4,600. EUR/USD stayed stable at 0.829 pips all week. GBP/USD spreads widened sharply, from 1.1 pips on 17 August to 1.267 on 21 August, coinciding with UK PMI beating expectations and GBP hitting six-month highs.

EUR/USD spreads tightened from 0.829 to 0.7 pips average this week, with BlackBull Markets holding 0.1 pips every single day. Three index instruments (GER40, NAS100, US500) plus BTC/USD ran on just 3 to 4 brokers, making their averages thin.

EUR/USD spreads held at 0.829 pips average all week 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 eased from a 0.843 pip average on 27 July to 0.829 by 31 July, a 7 broker average across the week. Gold's headline 0.3 USD average on 30 July reflects only 2 brokers, a thin reading. BlackBull Markets was cheapest on 18 of 45 key instrument-days, ahead of IG Group's 12.

EUR/USD spreads held at 0.843 pips average all week. XAU/USD held at 0.24 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 23 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, while BlackBull Markets cut its EUR/USD spread from 0.2 to 0.1 pips on Wednesday. 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 five 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. 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.

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 5.2 to 7.2 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 no broker moved its EUR/USD spread, which averaged 0.72 pips that day. 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 averaged 4.86 to 5.85 points 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.