Skip to content Skip to footer
U.S. Indices fall, as Business activity slows

Record highs For U.S. Indices, Bitcoin Passes $50,000 & Oil Prices End 7-day Losing Streak

NASDAQ, S&P 500 record new highs

The S&P 500 and NASDAQ raced to new highs to start the trading week, as markets prepared for upcoming economic events.

All three major U.S. indices ended last week in the red, with the USD also falling to an 18-month low against the EUR.

Markets however seem to be buoyed by the prospect that the Federal Reserve could set some new frameworks for the economy when they meet on Thursday.

The Fed will hold a virtual Jackson Hole meeting on Thursday into Friday, with many expecting this to be a turning point in the bank’s stance on its current monetary policy agenda.

As of writing the NASDAQ, S&P 500, and Dow Jones were all trading higher.

Bitcoin climbs above $50,000

On Monday, Bitcoin prices rose above $50,000 for the first time in over 3-months, as crypto markets extended last week’s bullish run.

BTCUSD hit an intraday high of $50,519 earlier in today’s session, which was the highest level it has traded at since May 15th.

This comes as PayPal recently announced that it will now allow its users to buy, sell cryptocurrencies on its platform, with a newly launched service.

Crypto markets across the board rallied on the news, taking the overall market cap to a size of $2.16 trillion, up from around $1.2 trillion in late July.

BTCUSD was trading at $49,562 as of writing.

Oil rallies, ending 7-day losing streak

Monday’s bullish sentiment was also felt in commodity markets, with oil prices climbing for the first time in a week.

WTI Crude rose by as much as 5% to start the week, after falling for 7 consecutive sessions.

Recent declines in oil prices have been attributed to the rapid spread of the Delta Variant of COVID-19, with some fearing potential new lockdown measures as a result.

Quote of the day -“The goal of a successful trader is to make the best trades. Money is secondary.”

– Alexander Elder

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.