Skip to content Skip to footer
Jeff Bezos takes off on the blue origin sending Amazon stock up

Amazon Stock Takes Off After Bezos Blasts Off to Space, GBPUSD Reacts to COVID Uncertainty & Bitcoin Drops

GBPUSD falls to 5-month low, due to COVID-19 uncertainty

Sterling today fell to its lowest level in the last 5-months, as COVID-19 cases remained at elevated levels in the United Kingdom.

Data released in Britain on Tuesday, showed that close to 40,000 infections of the coronavirus were recorded in the last 24-hours.

Today’s tally brings the 7-day average to 45,462 and comes on the week where the UK removed all its remaining COVID-19 restrictions, so-called “Freedom Day

Cable fell to an intraday low of 1.3571 earlier in today’s session, which is the lowest it has traded since February 4th.

The weakness in Sterling helped the FTSE 100 rebound from yesterday’s losses, with the London based index closing 0.54% higher.

Bitcoin drops below $30,000

Bitcoin was trading lower for a sixth consecutive session on Tuesday, with the world’s largest cryptocurrency falling below $30,000.

BTCUSD fell to an intraday low of $29,270, which is the lowest level it has traded at since June 22nd.

Crypto prices have been lower in the last few weeks, as several crackdowns on miners by the Chinese government unsettled markets.

Last week’s seizure for $408 million worth of Bitcoin by the British authorities also contributed to recent declines.

Despite this, many long term Bitcoiners believe that these drops will only serve to stimulate demand for crypto, with many looking to buy the dip.

Amazon gains as Bezos reaches space

Almost a week since Virgin founder Richard Branson lifted off into space, fellow billionaire Jeff Bezos today joined him in completing the feat.

The Amazon Chairman who recently left his role as CEO, was on board the Blue Origin rocket which today left the earth’s atmosphere, after taking off from Bezos’ ranch in Texas.

Upon returning to ground, Bezos stated that it was the, “Best day ever”, followed by “This is a tiny little step of what Blue Origin is going to do”.

Amazon’s founder added that, “What we’re really trying to do is build reusable space vehicles. It’s the only way to build a road to space, and we need to build a road to space so that our children can build the future”.

Shares in the tech giant were marginally higher as of writing.

Quote of the day – “I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.”

– Tom Basso

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.