Author: FX
Lukasz Kochanek Update 8:30pm: Adds Sonos comment. Speaker maker Sonos Inc. (NASDAQ:SONO) fell 2.2% amid a loss in its patent battle with Google (NASDAQ:GOOGL). A judge ruled that two Sonos (SONO) patents were unenforcable. Judge William Alsup of the Northern District of California, according a ruling date Friday. The latest ruling comes as the same judge vacated a $32.5 million jury ruling in a patent dispute in favor of Sonos (SONO) over Google (GOOGL) after saying there were still unresolved questions in the case. “By the time these patents issued in 2019 and 2020, the industry had already marched on…
© Reuters. Former U.S. Treasury Secretary Jack Lew speaks during a panel entitled “Reforming the Euro Area: Views from Inside and Outside of Europe” during IMF spring meetings in Washington, U.S., April 19, 2018. REUTERS/Aaron P. Bernstein/File Photo WASHINGTON (Reuters) – The U.S. Senate could confirm President Joe Biden’s nominee to be ambassador to Israel, former Treasury Secretary Jack Lew, as soon as next week, Senate aides said on Monday, as Washington responded to a devastating weekend attack on the Jewish state by Hamas gunmen. The Senate Foreign Relations Committee announced that it would hold Lew’s confirmation hearing on Oct.…
This summary of a Goldman Sachs piece is via the folks at eFX. For bank trade ideas, check out eFX Plus. USD/JPY’s Projected Path: While Goldman Sachs anticipates an upward trend in the USD/JPY exchange rate, the journey might not be a smooth one, facing various market speculations and external factors.Factors to Watch: 1. Active Currency Management: Markets may seek more robust currency management interventions. 2. BOJ’s Stance: A potential hawkish turn from the BoJ could introduce volatility into the currency pair dynamics. 3. US Economic Health: Should concerns arise about the robustness of the US economy, it might induce…
In Monday’s trading [09/10], the USDIndex was little changed. The dollar on Monday received support from safe-haven demand, after Israel declared war on Hamas, however, it gave up most of its gains after stocks recovered from early losses and moved higher, reducing liquidity demand for the dollar. In addition, dovish comments from Fed Vice Chair Jefferson and Dallas Fed President Logan weighed on the dollar when they said the recent surge in long-term Treasury yields may mean less need for the Fed to raise interest rates again. US 10-year bond yields surged above 4.8% in October, a new 16-year high,…
Share: Canadian Dollar sees gains for holiday Monday as Crude Oil catches a bid on Israeli-Hamas conflict concerns. Canada markets are dark for Canadian Thanksgiving, in conjunction with the US Columbus Day holiday. It’s a quiet week on the economic calendar for the Canadian Loonie, investors to focus on US CPI inflation figures in the back half of the week. The Canadian Dollar (CAD) is finding some lift on Monday, extending the Loonie’s rebound against the US Dollar (USD). The USD/CAD is trading back into familiar territory after tapping into a seven-month high last week on broad-market risk…
XPeng down 12% as company just delivered hundreds of EVs to Israel Source link
OIL PRICE FORECAST:Most Read: What is OPEC and What is Their Role in Global Markets?Oil prices have held relatively steady through the European session following the gap in prices over the weekend. WTI closed last week at $82.74 a barrel before opening last night around the $85.00 a barrel mark as the turmoil between Israel and Palestine intensified.Elevate your trading skills with an extensive analysis of Oils prospects, incorporating insights from both fundamental and technical viewpoints. Download your free Q4 guide now!! Recommended by Zain Vawda Get Your Free Oil Forecast MIDDLE EAST SPILLOVER AND WHAT IT WOULD MEAN FOR…
Another batch of inflation numbers from Uncle Sam will be released this week! Can these still influence expectations for Fed tightening? And how may the Greenback respond to the data? Let’s take a look to see what market participants are anticipating from the September CPI report in the United States and how it may influence market prices: Event in Focus: U.S. headline and core CPI readings for September 2023 When Will it Be Released: October 12, 2023 (Thursday), 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: U.S. headline consumer price…
© Reuters. A general view of a Tesla’s Gigafactory Berlin-Brandenburg building, a part of the electric car manufacture, in Gruenheide, Germany July 18, 2023. REUTERS/Annegret Hilse/File Photo By Victoria Waldersee GRUENHEIDE, Germany (Reuters) – Tesla (NASDAQ:) workers at the carmaker’s Brandenburg plant are joining the IG Metall union in rising numbers over concerns around health, safety and overwork, the union said on Monday. Lack of staff and inadequate safety provisions in the workplace were leading to a high number of accidents at work, and it was not rare that around 30% of workers were signed off sick, the union said…
The major US indices are opening lower with the NASDAQ index bearing the brunt of the declines. The markets are trading without the barometer from the US interest rates as the bond market is closed in observance of the Columbus Day holiday.A snapshot of the market currently shows:Dow industrial average – 11.5 points or -0.03% at 33404S&P index -16.4 point or -0.36% at 4293NASDAQ index -134 points or -1.03% at 13291.12in other markets, Crude oil is trading up $3.01 or 3.64% at $85.80. Although sharply higher, it is off its high for the day at $87.24Gold is trading up $13…