Sequoia makes a big bet on Web3, leading $450 million investment in Polygon blockchain
The logo of cryptocurrency network Polygon. Jakub Porzycki | NurPhoto via Getty Images Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the future of the internet — so-called Web3. The...
Market Sentiment Muted, and Dollar Holds Firm
Markets prepare for ECB Lagarde as calmer tone overshadows prior rollercoaster week Moving past the previous heavy week of data, this one looks to be much quieter. The market mood is suggesting that the right boxes are getting ticketed for...
Euro Extending Consolidations Despite Improving Investor Confidence, Dollar also Soft
Australian Dollar is leading commodity currencies higher in relatively quiet trading today. Swiss Franc is also firm, but mainly because Euro is consolidation gains. Sterling is currently the weakest one, followed by Euro and then Dollar, while Yen is mixed....
GBP/USD Outlook: Sterling Remains in Red for the Second Day Following Upbeat US NFP
Cable remains under pressure on Monday and probes again through 100DMA (1.3508) which contained Friday’s drop (the pair was down 0.5% for the day) as pound came under increased pressure from better than expected US jobs data which inflated dollar....
Euro Retreats ahead of Key Resistance, US CPI the Biggest Event for the Week
The markets are steady in Asia in a quiet start to the week. Euro is softening slightly, paring some of last week’s gain. Aussie and Kiwi also turn weaker on mild risk aversion. On the other hand, Dollar and Canadian...
Stock futures are flat after S&P 500 posts best week of the year
U.S. stock index futures were little changed during overnight trading Sunday after the S&P posted its best week of 2022, boosted by quarterly earnings reports and a better-than-expected January employment report. Futures contracts tied to the Dow Jones Industrial Average...
Euro Flexes Muscle after ECB, Staging Broad-Based Bullish Reversal?
It was a week a surprises. While BoE delivered that a 25bps hike, four of the nine MPC members have indeed voted for a 50bps raise. However, there was no follow through buying as BoE indicated only “modest” tightening would...
Weekly Economic & Financial Commentary: Omicron Not Enough to Crash the Payroll Party
Summary United States: Omicron Not Enough to Crash the Payroll Party This week ushered in a broad range of economic indicators that covered everything from supply chains to the housing market, but needless to say it was the labor market...
The Weekly Bottom Line: The U.S. Economy Endures Omicron
U.S. Highlights This week provided the first glance at the economic impact of Omicron, which seems relatively benign compared to previous outbreaks. The poster child of this week is employment, which pulled off an Olympic medal’s worth performance, adding 467k...
Another Elevated US Inflation Reading in the Cards Next Week
Canada should show a pullback in the merchandise trade balance to a smaller surplus, with both exports and imports ticking lower following a November surge. A drop in oil prices on early concerns about the economic impact of Omicron will...