Week of 19 to 23 October 2026·Published
Week in Brief
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.
Called It / Missed It
Last week's To Watch, scored against this week's spreads.
- Missed it. XAU/USD spreads, move off the 0.203 USD level held for five daysXAU/USD averaged 0.238 USD all five days this week, a level distinct from the prior 0.203 baseline, but it showed no movement within this week's data, staying flat 0.238 to 0.238.
Spread Movements by Instrument
EUR/USD
stable- Week range
- 0.852 pips flat across all five days
- Cheapest
- IC Markets (Raw Spread account, commission extra) at 0.01 pips
- Notable
- The average held at 0.852 pips every day this week, with IC Markets (Raw Spread account, commission extra) consistently cheapest at 0.01 and XM consistently dearest at 2.0.
GBP/USD
stable- Week range
- 1.007 to 1.018 pips
- Cheapest
- IC Markets (Raw Spread account, commission extra) at 0.04 pips
- Notable
- Spreads ticked up to 1.018 pips on 21 October before returning to 1.007 the next day, with IC Markets cheapest and XM dearest at 2.4 throughout.
USD/JPY
stable- Week range
- 0.913 pips flat across all five days
- Cheapest
- IC Markets (Raw Spread account, commission extra) at 0.03 pips
- Notable
- No change all week, with IC Markets cheapest at 0.03 and XM dearest at 2.5 every day.
XAU/USD
stable- Week range
- 0.238 USD flat across all five days
- Cheapest
- IC Markets (Raw Spread account, commission extra) at 0.09 USD
- Notable
- Held flat at 0.238 USD all week, with OANDA dearest at 0.48 each day, over a thin 6-broker sample.
WTI/USD
stable- Week range
- 4.549 points flat across all five days
- Cheapest
- Saxo Bank at 3 points
- Notable
- No movement all week, with Saxo Bank cheapest at 3 and easyMarkets dearest at 7 points.
GER40
widened- Week range
- 2.361 to 2.933 points
- Cheapest
- Pepperstone at 0.9 points
- Notable
- Average swung between 2.361 and 2.933 points on alternating days, driven by BlackBull Markets moving from 7.5 to 9.5 points, a 27 percent jump.
US500
stable- Week range
- 0.547 to 0.572 points
- Cheapest
- OANDA at 0.38 points
- Notable
- Spreads eased slightly from 0.572 on Monday to 0.547 Tuesday then settled near 0.559, while IG Group's spread rose from 0.4 to 0.5, a 25 percent increase.
BTC/USD
stable- Week range
- 25.692 flat across all five days
- Cheapest
- IC Markets (Raw Spread account, commission extra) at 12.01
- Notable
- No change all week, with OANDA dearest at 44.14 against IC Markets' 12.01, over a thin 6-broker sample.
NAS100
stable- Week range
- 1.336 flat across all five days
- Cheapest
- Pepperstone at 1.0
- Notable
- Held flat all week at 1.336 average, with IC Markets (Raw Spread account, commission extra) dearest at 1.807, over a thin 3-broker sample.
Broker Spotlight
IC Markets (Raw Spread account, commission extra) was the tightest broker this week, topping the cheapest-broker tally with 25 of 45 key instrument-days and posting the lowest quotes on EUR/USD at 0.01 pips, GBP/USD at 0.04, USD/JPY at 0.03, XAU/USD at 0.09, and BTC/USD at 12.01.
Market Context
- GER40 spreads widened from 2.361 to 2.933 points over the week, tracking a jump in BlackBull Markets' quoted spread from 7.5 to 9.5 points.
To Watch Next Week
- GER40 spreads for whether the 2.361 to 2.933 point swing continues or settles, with BlackBull Markets' quote worth tracking after its 27 percent jump.