Daily summary

The US Dollar Index, which measures the greenback’s value against the basket of six major currencies remain under pressure as investors remained cautious ahead of the highly anticipated US PCE price index - the Fed's preferred inflation gauge data, for more clues about the next moves of the Federal Reserve.

Today the market participant's and investors are now turning their eye to the release of US Gross Domestic Product (GDP) for the fourth quarter data today. U.S. weekly initial jobless claims and comments from Federal Reserve officials are also on the radar for today.

Shares of the athletic apparel maker Lululemon (NASDAQ: LULU) jump almost 15% in extended trading on Tuesday after the company reported stronger-than-expected Q4 financial results. "Entering 2023, we look forward to another year of strong momentum around the world and the execution of our growth plan," Lululemon CEO Calvin McDonald said.

The crypto pairs fell moderately on Monday after the United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance. Meanwhile, Bitcoin slightly recovered from the previous session's losses but struggling hold above $27,000.

British retail sales rebounded rapidly in February. The Office for National Statistics has released UK retail sales for February. The data showed that retail sales in the UK unexpectedly increased by 1.2% in February, compared to forecasts of a 0.2% gain.