Deere ups guidance 🚜 Stocks gain📈 Thanksgiving ☕ EUR & CHF vs USD 🎢 Oil key support ⚠️

FlowBank's hand-curated fresh financial news [header_noDither] 24.11.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [John Deere] The world's largest farm equipment company John Deere reported strong fourth-quarter results sending its stock 5% higher. Earnings revealed there is still strong demand for farm equipment and margins are resilient. The company raised its net income forecast for this year and 2023. [Start Trading](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7Wbry32-MK5V1-WJV7CgBNFW5SgsYn38V4hXW2rpK-r3h26_ZW1NDnWp3bmlXWW7dPNLt2yjrJFW7DmRPR7B8LrdW5bNyKJ13bhlxW6zByr22Ydp87W56QnXn5zqWQ0W5PTddB6xL5n7VrXw7H7rLY3SW7fnldq2q2yZcW4dp_Pn5rFN54W1dzNd51hZLxTW7y61Hf8TJ87ZVLd6z41RT9NBW5YcD407--CKbW31zlx34KYKxgW4x1c0W3FvbFTV-jV4t11P51qW4LZ7k52XZ-Qk3q9_1) Trader's Corner In focus • Today North American markets are closed for Thanksgiving. As a result, volumes are lower than usual. Nonetheless, US futures markets are open and traders will be focusing on European markets. • The EURUSD is gaining strength, aided by a lower dollar, which has been hampered by poorer-than-expected US PMI data. The Swiss franc too rose to a 3-month high versus the USD. • Lastly, Europe's new oil cap is pressuring the black gold, but traders should look out for support levels as demand is not going away anytime soon. Economic data • ECB Publishes Account of Monetary Policy Meeting • German Ifo business climate • US closed (Thanksgiving) Earnings none Crypto • Ethereum rose 4% but pared gains as traders are hesitant about adding to cryptos amid the washout sentiment due to the FTX bankruptcy. • El Salvador is doubling down on its crypto bet. The first country to declare Bitcoin as legal tender is now working on a Digital Asset Issuance Law, which would facilitate operations with any crypto asset. [Screenshot 2022-11-24 at 07.05.05] [Start Trading](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7Wbry32-MK5V1-WJV7CgJQqW5C7t6D4_xC6kW3GKJlT4dwtsJW5Ll0-R7dkKdRW88T5386rbRFHW641-hb3ZCP27W2pGRGY7jXfMdN53GW7nTsJDtW3bt6mF8dy1gSW1f-l1q75w3D7VhDPLM6146TPW76cdPQ12vGlfVDwbB21khkVWW4wlcpV2Fp4hCW9l9hhF8pcwS1W2KFjKZ5GJz4dW8mWcsT44QVLqW5s-DHw2jp3fdN6H5sMT5LkkZN8WN3RGyTNdqVrbvh52k_sxj3lRj1) Market Recap The major stock indices moved higher following the release of the FOMC's November policy meeting minutes. Importantly, participants said that a slower pace in current circumstances would be better. Tesla, which received an upgrade, and other mega-cap stocks were important directional drivers. Gold futures were pushed higher due in part to a dip in the dollar as well as treasury yields, which fell after contractionary readings for both the manufacturing and services numbers. And oil prices (-4%) fell to Monday lows on price cap talks. This morning, stock futures contracts are modestly higher. The dollar gauge is extending losses, now near last week's lows. And oil prices are attempting to recover but lack much-needed momentum. Chart Of The Day The Nasdaq 100 is showing encouraging price action from a technical analysis perspective. Next week's PCE (inflation) could determine whether markets take a leg higher or take a pause. [Nasdaq 23112022](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7WbrxN2-MJQV1-WJV7CgQ80W7qTSd25hM4NQW5QYGlw4SNRP0W8XbW-91sT6PqW7nnD9v8-dZq6W3pnylk5HjmFWW535C_n3LSpSTW1vNCrQ4zlCMKW6dBvhs30NYmYVG01jq6FP0YcW6VP5x43kJfCmW1XGPRy5P4wzLW3rl0Tc4ksQFHVHXTfb6zQ8yxW7QgVlY81xH3nW2DKDbf4KS65CW74lP-d69NMGBW3S2sM-80mS5bW2TfsyF16SsR23f251) FlowBank Blog Spotlight on consumers as we approach Black Friday [Black Friday](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7WbrxN2-MJQV1-WJV7CgLsBW49Xc415NCQ99W40BNdn6_fChJW40dGdm6qvNZmW3Jw_kb3q1j3DW4CPxcz2kqz7pW1NBQcV3XljmNW73RHkb6g2-zXW7TzRsT62lHzpW9d-2Qk8H8wLHW2n6Xh15npRLQV_3NVm3cZKm7VDyhDP5GR-3sW2c2pYZ5_ZTjtN7G55hM2yVP_W6vqbCQ84H8WYVcTJTH1Q0mXTW55fTVZ7PrysvW7JRvrw4ldYKK3nwY1) Inflation, rising interest rates, and falling stock prices have added pressure on the consumer. Could Black Friday sales offer investors clues about what to expect of the holiday shopping? Read More [Stay on top of market moves with our LiveWires](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7Wbrxt2-MJwV1-WJV7CgG-tW1qXMfy25v4sbW1g81xM8HqL-JW9hh-x11Yx7FBW18kcdd4KqSnhW8xg4KN8Xv6ggN3lcDp7qsDh8W3FbRr36vVT6SN2Nbch54HNNbW6xpqky628p2WW7Xbl4J67vZ0sW1FtP4n7CL_tKW4pplST3kf8YdW73STLv59NSJsW5GRpM77Crw5VW5DGB9f3pXzFrW1-NyhR61CC7Y3kjL1) [Don't miss our Popular Themes](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7WbrxN2-MJQV1-WJV7CgRmcW1lk-fw8t9MmDW6V4_lW153XjZN6j8c261Cf-tW2sR2gs3v3GLwW3TcPHl1X2B4GW3vRqVC5PzPL_W7K7G0s3-B27xW8QB6q-32WvytW7c0zQ36bGYL8W4HyGDm8Pnf9qW9fYfwJ5v7YhpW1PTwJv499bnyW3ldKzn2l4KhzW2q7mJc2jyXJDV_s7kv2j07yWW1GJ8-T4mVD7qW7QXtF22K66mBW89TwwS2MjCGn32kq1) [Read our latest Research](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7WbrxN2-MJQV1-WJV7CgSZwW6jX26b8JXGnXW3MSl5_5jvlHvW4tGTpR4Fm1fnW62tqbC2-65_LVwN-177qJyx9W3Q41Vw1YBFY0N94J0d6TVZCjW2D64XF7K1K5gN7-Yn-yrDwBlW1KgBJH8m0wGJW5zLWlG6gD5CNW3gppQy2NMLzZW6c61VB75S59vW6qMS428NqqjTW6n7bYt4z44LXW625DkC7-tLNsVzkD4x4tlr-dW23nNMw81y87n3dc01) [Follow us on Flow TV](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7Wbrxt2-MJwV1-WJV7CgMPfW6-73cC3Tpy0hN6QGL2Q5_MZ3W8KNHDT52_HBHN7RLRPxd_bGgW7bzHbX3KyGtTN2sRVr4vxZhNW2sw2tc6j6NzQW90Vk9X1ttMpXW5lBJ-44c3dy6W1-V8Df31gwMTVSjtj96rbVF0W21Cgxz7YgdqcW1Nj9P32PsFHbW5G_3_k5xj9Y5W8xssyj8cxLhFW29WnPW20mMdy3mrT1) [flowbank-logo-2022-green-3] Facebook [LinkedIn](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7WbrxN2-MJQV1-WJV7CgKXrW6qgljM99cJJSW1MDmXm1m3mfxN3_l0DbPpFJPW1Xh-bY6rshqCW3qs0Gb2hc0cqW71w0T26_Nd7NW5Vyl6w5fmf99VQ1WXl9bcd-LW3BHWzL1lM6YRW7b9Yq04nLCJSW4k1ksC84_9jgW4npJRx626t6LN5-6mKBwVGvSW5BZj1-6HRmgnW80Q1t75wB3r0W2Hswgm7kqpT2W7pLBfs98y4NGW9d2jHL7zwmm73gh91) [Twitter](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7Wbrxt2-MJwV1-WJV7CgZtRW9jlCJz6sLVgbW7g5hlW8_NjpSN2QZxVMl-l7vW2St6kT2X0t1lW28s-vB69xCWZW5-lDPb5DSMqnW96zBQT242wy9W7S66j41_JY7nW2qS6wv2x77ZJVygB18353XBGW8ZgvY17--xbgMbBKBQkMkxzW4jbZSC7K3fZVW14RNzV8GTmbfW7Xp_qF92fXJNW8tL-BL6mhVQ03qjl1) [Instagram](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7Wbrxt2-MJwV1-WJV7CgPk9VC5x5s6JRjWSW7tw1Xc21vfVVW8Jly7b6kNZL_W1YzfFq7XCGY3W6m3j9310tCK_W9dM1512Lx3T9N3YCg_PhNbwbW3kC7Yw2429YbW5B54-C6VTGjnW6SL64h1lWWjdW48BF3n8S88YqW6SQvNc6wYh6fN7Hh6l8vCBCYW60RyLZ8rs5t7W7KzSzg8KHP1CN4z3Gk46vY2d3flG1) [YouTube](113/cXx8Z04/VVVCT73RczvQVcfvW87b3VjQW2NZxg54SMbvQN7Wbry32-MK5V1-WJV7CgDmKW2CgnGw7dwMs5N6-MDK8TYxRXW4Z18MC67kWgZW4Qz17g162RvFN7gZf3HNxRkQW3G-xxN5PQyQlW54cyC_1CLG0hW8LLQQV2FgNVHW7HQ2956XFk38W150JX19hSddxW1dJKbd3HDVh5W35RVKj4pKfDPW16pYkt89H8ZWN3K2tmhbYQK7VTcQ-87pf7PbW6F17Vk5TVqnqN2z6gsTyz5MXW3-56Xt8vffqdW1_5mNf5LxBdfN345VhdHzmz93j3V1) FlowBank SA, Esplanade de Pont-Rouge 6, P.O. Box 1303, 1211 Geneva 26, Switzerland, +41 (0) 22 888 60 00 [Unsubscribe]( [Manage preferences]( This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error, please notify us immediately, and delete it from your system. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. Although we scan attachments, we advise you to carry out your own virus check before opening any attachment.