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DAILY MARKET REPORT

The pizza delivery chain Domino's Pizza (NYSE: DPZ) is scheduled to announce its fourth-quarter earnings report today before the market open. Consensus forecast EPS of $4.29 on revenue of $1.35 Billion.

DAILY MARKET REPORT

The pizza delivery chain Domino's Pizza (NYSE: DPZ) is scheduled to announce its fourth-quarter earnings report today before the market open. Consensus forecast EPS of $4.29 on revenue of $1.35 Billion. Domino's is one of the most well-known restaurant chains globally, with more than 18,300 outlets in more than 90 countries.

$DPZ key technical levels to watch today:

Support: $410 and $390

Resistance: $445 and $460

EQUITIES

European and UK shares erase earlier gains as Russia continues its invasion, focus shifts to the speech from European Central Bank (ECB) president Christine Lagarde at 1300 GMT.

OIL

Crude oil futures climb to one week high on Tuesday on fears the Ukraine-Russia crisis will disrupt supplies across the world. The upside momentum was also driven after the talks between Russia and Ukraine on a potential cease-fire ended with no deal on Monday.

CURRENCIES

In the currency market, the US Dollar Index, which measures the greenback’s value against the basket of six major currencies price regain the upside momentum against the Euro and British pound. Moving ahead to the North American session, the USD traders will now be focused on the ISM's February Manufacturing PMI data which is set to be released later today.

GOLD

The Safe-haven metal surged to a fresh session high of $1924 on Tuesday amid reports that a long Russian armored convoy was headed towards Kyiv. Overall, the momentum remains bullish throughout the European session.

Economic Outlook

On the data front, the Germany and Eurozone reported weaker-than-expected manufacturing PMI data. On the other hand, UK Manufacturing PMI inched up to a 3-month high of 58 in February of 2022, up from a 4-month low of 57.3 expected.

Coronavirus update:

Worldwide, more than 430 million people have been confirmed infected and more than 5.93 million have died. The United States has confirmed over 79 million cases and has had more than 940,000 deaths from COVID-19, the highest totals in the world.

Technical Outlook and Review

EURUSD: The currency pair trades below 1.1200. In the short-term, if the bearish momentum continues the next downside levels to watch 1.1160 and 1.1120. On the flip side, the immediate resistance is at 1.1200 and then 1.1230.

eurusd

The important levels to watch for today: Support- 1.1160 and 1.1120 Resistance- 1.1200 and 1.1230.

GOLD: The yellow metal hovers above the $1920 area. Any break above the $1928 will open the doors to $1940 and $1948. On the downside, $1900 is a crucial support area to watch

gold neww

The important levels to watch for today: Support- 1910 and 1900 Resistance- 1928 and 1950.

Quote of the day - “To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.” Benjamin Graham.

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DAILY MARKET REPORT

DAILY MARKET REPORT

Federal Open Market Committee, a committee within the Federal Reserve System (the Fed), will release June’s FOMC meeting minutes later today. In the June meeting, FOMC raised interest rates by 75 bps, the biggest increase in three decades.

DAILY MARKET REPORT

DAILY MARKET REPORT

The Reserve Bank of Australia increased its benchmark interest rate from 0.5% to 1.35% on Tuesday and It is the third consecutive month in which the central bank has hiked rates.

DAILY MARKET REPORT

DAILY MARKET REPORT

Precious metals like gold and silver prices extended declines in early trading on Friday. The strong bearish sentiment fueled by fed Chairman Jerome Powell's hawkish stance on Wednesday encouraged dollar bulls and pressured metal prices lower.

DAILY MARKET REPORT

DAILY MARKET REPORT

Global markets remain volatile following the hawkish comments from the central bank chiefs during the European Central Bank's (ECB) annual forum in Portugal. The central bankers have warned that the era of low-interest rates and moderate inflation has come to an end.