Rivian x Mercedez 🎮 Stocks trade mix 📉 To Watch: EURUSD 💰 Oil and EU summit 📱 NASDAQ & S&P500 🎢

FlowBank's hand-curated fresh financial news [header_noDither] 09.09.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [shutterstock_2079952741] Rivian shares popped more than 6% after the electric-vehicle startup and Mercedes announced they were planning a joint venture to build electric commercial vans for both brands in Europe. The partnership pairs Rivian, which counts Amazon and Ford among its largest shareholders, with one of the world’s most seasoned vehicle makers. Production is expected to begin in a few years. [Start Trading](113/cXx8Z04/MX7ztv11byxN8CLrCQ-Dts5W5NMkyh4PLcPJN6wcHq12-MK5V1-WJV7CgZPvN5VTwZwhdfMLN8wh0TY9fbsnVjDb5c4PL1ynW5mjYrV42hbY5W8TZ8x360DtbfW2LMDhF3rx0CdW2gBdSc75LwS1W77txRM8gnwNqW2LWZSl1RCb6NW6r1TDH7nK_y5W612Vwx8ypqfNW5ftjnK3Xgl9MW6mhBJ65lpstmW2rVjYJ3rBxsdW5H1_0L6LpLbkW6zsxNZ6HVf_vW8mQBCX3q4gQ9W2Ry3zp8s4qNQW9c6jr78Qr-lFW91nFWL8B4PPq3jXS1) Trader's Corner In focus • The battle between the euro and the dollar bulls is getting intense as the ECB raised rates and announced further hikes in the future. Will EURUSD remain above parity on the back of such a strong message? • Trader will have an eye on oil and gas prices as EU ministers will be meeting today to discuss the "revenue cap" proposal and examine the overall energy situation in the EU. • Lastly, the momentum behind the risk-assets' rally will also be an area of focus. Yesterday, a sudden drop in the US dollar gauge brought some optimism in the markets. Traders will be watching how far it could go. Economic data • US wholesale inventories and trade sales • EU summit • UK inflation expectations Earnings • Kroger Crypto • Bitcoin fluctuated throughout the day but failed to move above the 19'500 level. This morning, however, it is soaring more than 5% on a weaker US dollar. • The hash price index, which indicates the mining revenue value per unit of computing power, dropped to around 7.7 cents for each terahash, the lowest since September 2020. This adds pressure on miners to sell coins held as investments to cover costs. [Screenshot 2022-09-09 at 07.21.12] [Start Trading](113/cXx8Z04/MX7ztv11byxN8CLrCQ-Dts5W5NMkyh4PLcPJN6wcHq12-MK5V1-WJV7CgHGNW6Lfn2-3MDKYgN5nWCjnyF0RkVXXyYY6c7-wRW1-0L4G6g9dk3W4P1Nnl516PnsW2svzWB32tztFW3SJDRb2BxrT4N3_DLrFvDj4PW6MfqSs5v6fTJV5SVF36MtB_3W95HzbC5_cw7LW6c50Sh8y2z80W8GYfLy2jwh1VW1CbYF03JwgvDW1Xc-qx1g8QrNW4Z8CLm43d-xdW3t69W17PRLwpW3HJY-T4C5MdSW7wb1xJ4NlLW0W1RR9vf3HblRl31_F1) Market Recap The ECB raised rates by 0.75bps and said it expects to hike further at the next meetings. Officials slashed the growth forecast for 2023. EURUSD fluctuated but closed little changed, though the Swiss franc outperformed as traders now expect SNB to follow. The S&P 500 swung between gains and losses following Powell's remarks. Traders increased bets on another super-sized hike, 2-year yields ended up 5 bps. This morning, Equity futures are advancing as investors assess whether monetary tightening to tackle inflation in the US is getting closer to being priced in. The US dollar gauge is falling for the 3rd consecutive day. Chart Of The Day The ECB did it. The European central bank hiked interest rates by 75 basis points, showing just how concerned policymakers are about inflation and how determined they are to retake control of it. The euro retreated in the minutes that followed the announcement. [Screenshot 2022-09-08 at 14.21.08](113/cXx8Z04/MX7ztv11byxN8CLrCQ-Dts5W5NMkyh4PLcPJN6wcHpL2-MJQV1-WJV7CgV4vVn06Hy4fLVgvW7mZhz_1jzn1cW357cYw5fwst1W1nkkM14TTN4YW5WZbV06cv6SlVtjbv540V8YlW1FnJlS1C0lTjW7sc_3n4kT-HSW8Y4zK27hmWLBW1V5RFh7cWTWPVQB-m430yMJLW30WVVV13Pr41W6DDHLp7mSDW6W8gCqkN69SdbyW2xfGwW7XH7r_W8zwCdG60lJh-W5Qck_h5fN9PXW7nT7jT1dTK4M3c761) FlowBank Blog Gaming: Opportunities hiding in plain sight? [Gaming 05092022](113/cXx8Z04/MX7ztv11byxN8CLrCQ-Dts5W5NMkyh4PLcPJN6wcHq12-MK5V1-WJV7CgPVFN2RnXR_GdgfQW4XXpXf7X5sK3W3-6JRV90m0P_W9gZf0G3FbKr9W5QRMf45DGlj6W6J88MW2kNd2sW7D8m5L36rxn4N8h7PcnFLRSMN67SNWwDRlVYW3lvxYY3tLw1HW1ztnRC41HrVCW4q1L1w3f3qMXN6b6HJ6GLFYMVM-xZ-4MxcsrW56Wrjk5nJr7TW7G_dd12X2N_tN2xdqc7SlHV9MDxJyT2pqXGW6J-m-j2crRXjN7yrly5P2Xx43pWn1) Sales in the video gaming industry are tipped to grow by 50% in the next 5 years, with most of the growth coming from social & casual gaming. What could be the top trading opportunities to take advantage of gaming’s bright future? 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