XtremeMarkets

Australian Dollar Goes Up as US Dollar Weakens Amidst Positive Trade Data

Australian Dollar Rises as US Dollar Weakens Amid Trade Data

The Australian Dollar moved up on Thursday, boosted by upbeat trade data and a softer US Dollar. Right now, AUD/USD sits near 0.6500, adding to yesterday’s 0.25% climb. Fresh numbers from the Australian Bureau of Statistics show Australia’s trade surplus shot up in September, reaching 3,938 million. That’s not just above forecasts of 3,850 million—it’s […]

WTI Oil Price Hovers Around $59.50 Due to Oversupply Fears

WTI Oil Price Struggling Near $59.50 Amid Oversupply

WTI oil prices keep stumbling, sustaining near $59.50 a barrel after 3 straight days of losses. There was a small bounce during Thursday’s Asian hours, but honestly, the mood in the market is still pretty grim. Traders keep watching those growing crude inventories, and that’s just fueling more oversupply worries. US Energy Information Administration numbers […]