investingLive Americas market news wrap: Iran hopes spring eternal

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Trump will meet with Xi again in NovemberXi: US-China relationship will be one of strategic stability based on respect, fairness and reciprocitySeptember final UMich consumer sentiment 48.1 vs 47.6 expectedUSTR's Greer: We have reached agreements with China on a sub-set of goods we can tradeUS August durable goods orders 0.0% vs -0.4% expectedPlan for your new trading week ahead in the forex with a technical look at some of the major pairsMarkets:US 10-year yields up 2.6 bps 5.16%WTI crude oil down $2.15 to $92.44Gold up $8 to $4286JPY leads, NZD lagsS&P 500 up 0.5%The main market moving events were verbal intervention on the yen, sending USD/JPY down more than 150 pips on the day. That didn't appear to be followed by any actions so it's a bit of a game of chicken at the moment. The market was surely wary of a late-Friday round of USD/JPY official selling, similar to the one we saw earlier this year. In any case, there were no late buyers as there is also the threat of intervention at the open on Sunday.In general, the dollar was a touch softer as inflation worries eased. The main reason for that was yet-another set of headlines about Iran peace talks. There's plenty of skepticism but oil fell more than $3 from the highs, so there are believers out there. This seems like the final effort at diplomacy for the US side as the midterms provide something of a deadline, and Republican polling numbers are poor due to inflation and an unpopular war.In equity markets, we saw some profit taking in the hottest names so far this month like Meta and Intel while some of the laggards like Booking, CVS and PayPal made strong gains. That looks more like degrossing than a changed view on the economy but it was still enough to drive a solid day of gains, despite some up-and-down moves to start the day. Obviously, the Iran hopes were helping here as well, along with a retreat from the +5.20% highs in 10-year yields.Have a great weekend. This article was written by Adam Button at investinglive.com.