Back to daily news

DAILY MARKET REPORT

Online gaming platform Roblox Corporation (NYSE: RBLX) is set to report financial results for the company’s second-quarter 2022 financial results today after the market close. Roblox is expected to post a loss per share of $0.26 and revenues are expected to be $643 million.

DAILY MARKET REPORT

Online gaming platform Roblox Corporation (NYSE: RBLX) is set to report financial results for the company’s second-quarter 2022 financial results today after the market close. Roblox is expected to post a loss per share of $0.26 and revenues are expected to be $643 million. During the first quarter, the company reported worse-than-expected earnings results and the company had 54.1 million average daily active users in the first quarter, up 28% from the same quarter last year.

$RBLX key technical levels to watch today:

Support: $44 and $38

Resistance: $53 and $60

EQUITIES

US stock futures struggled to find upside momentum on Tuesday after US President Joe Biden raised concerns over China’s actions near the Taiwan border. On the other hand, the bearish sentiment was lifted by the weaker-than-expected earnings results from the vaccine maker Novavax and the software giant Palantir.

OIL

Crude oil futures remain under pressure and reverse from the previous session’s gains driven by fears of the Fed’s aggression and economic slowdown. Moving ahead, the focus shifts to API inventory data which is set to be released later in the day.

CURRENCIES

In the currency market, the US dollar index, which measures the greenback’s value against a basket of six major currencies hits the fresh weekly low of 95.55 on Tuesday morning as the market participants and investors are expecting the annual inflation rate to have eased to 8.7% from 9.1% in June. Meanwhile, the Euro extended its gains against the US dollar and British pound.

GOLD

The safe-haven metal was up for the second consecutive day as fragile risk conditions boosted defensive support. Overall, the momentum remains bullish throughout the European session. As of this writing, the metal trades above the $1790 area.

Coronavirus update:

Worldwide, more than 584 million people have been confirmed infected and more than 6.4 million have died. The United States has confirmed over 92 million cases and has had more than 1.03 million deaths from COVID-19, the highest total in the world.

Technical Outlook and Review

EURUSD: For today, the resistance for the pair is above 1.0240, any break over targets 1.0270 minimum. On the other side, the immediate support is near 1.0180 and any break will drag the pair to 1.0150 and 1.0130 levels.

eurusd

The important levels to watch for today: Support- 1.0180 and 1.0150 Resistance- 1.0240 and 1.0270.

GOLD: The yellow metal hovers above the $1780 area. If the bullish momentum continues the next upside levels to watch are $1795 and $1832. On the downside side, $1770/65 is a crucial support area to watch.

gold neww

The important levels to watch for today: Support- 1780 and 1772 Resistance- 1795 and 1800.

Quote of the day - The markets generally are unpredictable, so that one has to have different scenarios. The idea that you can actually predict what’s going to happen contradicts my way of looking at the market. – George Soros.

Read more

DAILY MARKET REPORT

DAILY MARKET REPORT

Casino sector stocks showing positive price momentum this week despite the overall market sell-off. The bullish momentum was boosted after the world’s largest gaming hub Macau, government officials signaled that COVID-19 travel restrictions would be lifted in November for the first time in almost three years.

DAILY MARKET REPORT

DAILY MARKET REPORT

Global stock markets are under huge pressure and selling is going on. Wall Street and global stock markets hit hard on Monday. Markets are dumping because FED and other major central banks maintain an aggressive rate-hike strategy that could trigger a growth slowdown or a recession.

DAILY MARKET REPORT

DAILY MARKET REPORT

The Japanese Yen regained strong momentum against the other currency pair after Japan’s top currency diplomat Masato Kanda said they had intervened in the foreign exchange market. The intervention happened after USDJPY hit the fresh 24-year high of 145.88.

DAILY MARKET REPORT

DAILY MARKET REPORT

Today, the Investors and traders will closely monitor the release of the Federal Reserve’s monetary policy decision, where markets are expecting at least a 0.75% hike after surprisingly higher August inflation data, but some market participants and traders do not rule out more aggressive stance and 1% hike.