Skip to content Skip to footer
Consumer spending on the rise

U.S. Consumer Spending on the rise – February 26th

Data released in the United States today showed that Consumer spending rose to its highest level in over 7-months in January.

The figures released by the commerce department, showed that Consumer spending jumped by 2.4% last month.

This was the biggest rise in spending since June last year and brought an end to two-straight months of declines.

Many believe that spending has risen as Americans grow hopeful that further Stimulus cheques will soon arrive once Biden’s $1.9 trillion bill gets passed.

Both the NASDAQ and S&P 500 were higher on the news.

The House set to approve Biden stimulus bill

Sticking with President Biden’s $1.9 trillion stimulus bill, it was reported that The House will look to pass the coronavirus relief package today.

Once passed, the bill will go to the Senate where it will face further scrutiny from both sides of the aisle.

House Democrats hope to get the bill, which includes direct payments to Americans and jobless benefits, to President Joe Biden’s desk for a final sign-off before unemployment aid expires in 2 weeks’ time.

Many including Treasury Secretary Janet Yellen, have recently stated the importance of the bill in helping the United States to recover from COVID-19.

Gold, Bitcoin down to end the week

Gold prices fell to their lowest level since June last year, as investors continued to move away from the safe haven commodity.

Prices in gold have been gradually falling ever since recording highs of $2,075 back in August.

For the month, gold has been down over 6.5% which is the worst month since November 2016 when prices fell 7.2%.

Along with gold, Bitcoin also looked set to end the week in red, after starting the week setting multiple highs.

As of writing BTCUSD was trading at $47,195.

Quote of the day – “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.”

– William O’Neil

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.