US stocks rise helped by oil’s recovery

US stocks struggled for direction, as the US Fed offered a mixed statement during the previous session, leaving investors with no clear clues. Oil prices rose sharply, but retreated before the closing bell assuring a volatile ride, amid reports, later denied, that Saudi Arabia proposed a 5% output cut across the board.
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AUD/USD: a bullish close in a January reversal

AUD/USD remains in a bullish phase in the reversal of the 2016 downtrend and now approaches the 55 dma at 0.7140 having scored a session high overnight of 0.7129.
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