Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports

Australian Dollar: USD/AUD (AUD=X) Investors Eye Confidence Reports NAB Business Confidence will be released today, followed by Westpac Consumer Sentiment on Wednesday. As well, Chinese CPI, which will be published on Tuesday, could affect the pair. There were plenty of Australian events last week, and the Aussie responded with sharp gains of 1.6%, its strongest…

United States Oil (USO) ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts

United States Oil (USO) ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts Oil futures rose Monday, marking their highest settlement in almost six weeks, after Saudi Arabia’s new energy minister signaled a continued commitment to production curbs. West Texas Intermediate crude for October delivery CLV19, +0.40%  rose $1.33, or 2.4%,…

Euro: USD/EUR (EUR=X) higher which suggests investor indecision and impending volatility

Euro: USD/EUR (EUR=X) higher which suggests investor indecision and impending volatility The Euro is trading higher against the U.S. Dollar but inside last Thursday range, which suggests investor indecision and impending volatility. The single currency could remain rangebound until Thursday when the European Central Bank releases its interest rate decision and monetary policy decision. Investors…