Wall Street managed to advance a little yesterday, with the Dow nothing up it's seventh successive day of gains as a result. Confidence that a Sino-US trade deal can be struck plus the fact Mario Draghi was seen as having delivered the goods at yesterday's ECB policy meeting helped propel markets higher. Furthermore, that modest undershoot in US CPI is also adding to the upside, with the reading making it just a little easier for the Fed to deliver two rate cuts before the year is out.

Advance retail sales for August are due ahead of the opening bell and again any shortfall here will add pressure onto Jerome Powell and his team to impress markets at next week's FOMC meeting. Consumer sentiment data from the University of Michigan study may also factor in to the Fed's thinking but right now it's fair to say market participants appear convinced good news lies ahead.

Before the open, the market is calling the Dow up 79 at 27261 and the S&P up 7 at 3016.

The information provided here has been produced by third parties and does not reflect the opinion of AxiTrader. AxiTrader has reproduced the information without alteration or verification and does not represent that this material is accurate, current, or complete and it should not be relied upon as such. The Information is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy. Readers should seek their own advice. Reproduction or redistribution of this information is not permitted.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD struggling to hold onto 1.10 as USD gains ground

EUR/USD is trading close to 1.10, as the US dollar gradually advances. Two White House advisers expressed contradicting accounts of US-Sino trade talks, causing confusion. Germany refrained from adding fiscal stimulus.


GBP/USD trades around 1.25 as EU pours cold water on Brexit hopes

GBP/USD is trading around 1.25, off the two-month highs of 1.2582 as EU officials cast doubts about the seriousness of the new UK proposals on Brexit. 


USD/JPY drops to one-week lows on trade war headlines

The USD/JPY fell during the American session following reports that the Montana Farm Bureau said China's delegation has canceled a planned trip to view US agriculture.


Top 3 price prediction Bitcoin, Ripple, Ethereum: Ethereum points to the Moon as Bitcoin takes a break

ETH/USD exceeds $220 and is bidding to lead the market. Bitcoin sets a bear trap and recaptures $10,000. XRP stalls between technical levels and fails to consolidate $0.30.

Read more

Gold climbs further beyond $1500 mark, lacks follow-through

Gold edged higher for the second consecutive session on Friday, albeit remained well within a familiar trading range held over the past two weeks or so.

Gold News

Forex Majors