Skip to content Skip to footer
The U.S federal reserve building

U.S. Indices React to the Latest FOMC Minutes Report, Oil Prices Fall & Robinhood Set to Release Q2 Report

U.S. indices jittery ahead of FOMC Minutes

Indices in the United States were jittery on Wednesday, as markets anticipated the release of the latest FOMC minutes report.

With the Federal Reserve set to release its account of its last policy meeting, markets have already begun speculating on what this could mean for the economy.

The Fed has already addressed inflation fears, by outlining their intention to hike rates over the next few years, however as conditions change, traders are hoping that this process could be sped up.

Wednesday’s report comes a week ahead of the central bank’s informal gathering at Jackson Hole, where further details of monetary policy could be laid out.

As of writing, the S&P 500 was down 0.34%.

Oil prices fall, as stockpiles decline

Oil prices were trading lower in today’s session, helped by data from the United States showing that crude stockpiles had fallen last week.

The figures, which were released by the Energy Information Administration showed that crude inventories fell by 3.234 million barrels last week.

Markets had expected stockpiles to decline by roughly 1.055 million barrels, however the larger than expected drawdown helped to intensify recent selloffs.

With stockpiles declining, supply of oil has risen, whilst concerns over the spread of the Delta variant has impacted global demand.

WTI crude hit an intraday low of $64.94, before recovering somewhat to $65.12/bbl. As of writing.

Robinhood set to release Q2 earnings

Shares in Robinhood were higher in today’s session, as the company was expected to release their latest earnings report.

This will be the first release for Robinhood since the company went public last month and comes after a strong debut.

Investors have flocked to the stock, raising its pre-IPO value by as much as 100% in recent sessions, after the company listed on the NYSE.

Many now believe that today’s report will highlight further growth coming from the brokerage, giving space to even more gains in value.

As of writing, $HOOD was trading 7.09% higher on the day after rising $3.31 to $49.98.

Quote of the day – “The hard part is discipline, patience and judgement.”

– Seth Klarman

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.

TVM Global 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.

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.