Foldable iPhone 📱 Stocks 📉 S&P500 x VIX 🎢 Hermes & Deere&co 👜 EURUSD x 1.06 💸

FlowBank's hand-curated fresh financial news [header_noDither] 17.02.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [9Qo2ZoxP5UoBkBTbDZ7Wrg] There's a glimmer of hope for the highly-anticipated foldable iPhone! The US Patent Office just granted a patent to Apple (AAPL) for a touch sensor display, and the patent specifically mentions a foldable electronic device. While we may not see this innovation hit the market anytime soon, the possibility of a foldable iPhone in the future could have a major impact on global iPhone sales. [Start Trading](113/cXx8Z04/MVMd7s8yVNgVc6dNZ9gJvbpW2QY3Nh4X6mTZN4xH9d12-MK5V1-WJV7Cg-t9W9723k092QPK_VWg1Kp8N8q27W5W863c7mXwRgW1rSXS288q21sW8gChN05N1wMVW1Vdd1z2w8MsdW3nqj7d3VKJSZW2cVP6J6fyT1sW1GCz1c7NJvCwW6NRB0t9gmcJjW5JnlcM5Rw4b9W75spJR15XBjcW3cY-wg3cgY39N82HNL55nqT6W7VXwJc19j-nfW5gHRww7CLnpzW8N3q-_5FTpgCW662StX71Lbc9W3r9BW140NxvkW2NRqC16f8GP434GH1) Trader's Corner In focus • Risk assets are under pressure as bond yields show no sign of easing. The S&P500 is now below its key 4'100 support level. The bears' next target is last week's lows of 4'060. • Earnings: luxury goods company Hermes International is scheduled to report Q4 results. Disruption to sales performance and margins from China's pandemic measures will be in focus. • Lastly, The dollar index hit 2023 high of 104.26 as the bond market adjusts its expectations for more rate increases this year. the EURUSD pair could face a challenging road ahead, with the next support level hovering around the 1.0600 mark. Economic data • US import/export prices • German PPI • UK retail sales Earnings • Hermes • Deere, Safran • Air Canada Crypto • Bitcoin surged past $25k at one point, before paring gains as the tech stocks rally faded. Sentiment is fragile amid higher rates comments. • Coinbase says it already provides the protections available to the clients of qualified custodians and supports the SEC’s proposal to require such protections. [Screenshot 2023-02-17 at 03.33.33] [Start Trading](113/cXx8Z04/MVMd7s8yVNgVc6dNZ9gJvbpW2QY3Nh4X6mTZN4xH9d12-MK5V1-WJV7CgLq1W1m-RTR1-44sPW4h8CFj15hMYCVGbhhM1ps6NqW4TkTZN8HfSlKW8dQ6T74JK0SZW1ZGndx65FfL8N75p7FsZpzLkW22fbDQ4C57rBW8xV5gV34fpFxW79LZDT3SRCQjN5_hjSQJ4Xr4W2SkS8Y687PnpW14XqpF7j2MzyVK0vwT72HpYzW4p5ffp3v_CvmMXhrvBC4fmWW65sVL454Bs3kW2vlFVn6FzCztW8R-y8925bdjgW9fps2h1BWBvr33fr1) Market Recap US stocks ended in negative territory after hotter-than-expected US PPI and tight labour market data raised worries that the Fed will take its monetary policy tightening further. Tech stocks led indices lower. The dollar strengthened as Treasury yields jumped across the curve, with the 2-year yields making new cycle highs of 4.65%. On the corporate side, Shopify plunged 15% after the cloud-based commerce platform missed expectations and Paramount declined 2.7% after the media giant posted earnings that surprised investors on the downside. This morning, S&P500 futures are in the red, still digesting yesterday's hawkish remarks from Fed members that suggest a higher peak interest rates and rates higher for longer in order to destroy demand. 10y Treasury yields are back at 3.89% and the dollar index (DXY) is up 0.5%. Chart Of the Day Stocks extended losses, the dollar turned positive on the session and yields ticked up after higher-than-expected PPI data for January and the persistent tight labour market. [Screenshot 2023-02-16 at 14.36.00](113/cXx8Z04/MVMd7s8yVNgVc6dNZ9gJvbpW2QY3Nh4X6mTZN4xH9cL2-MJQV1-WJV7CgMthTJB0f60cJq1N40tXbKS24HFW1mzkc46VFJShW2RmPKL5LVlq2W3Drzcy4lS2ynW8fdZq-6cnp4GW2Dc6f418kZykW4shxb58FPJ2LW7cvxsh15WkLVW79Xz7n2lgNm2W31c3r674vlC8W23jg6g1ltnjsN6cWYy8Czy_2W51gBPS5mrsDYW731pd_8sFLSJW6T5ZNG8-s39BW5WbPVC583W5hW65DbhL883d7D378t1) FlowBank Blog The Dollar: A Surprising Comeback in the Making [us-dollar-forecast-2023](113/cXx8Z04/MVMd7s8yVNgVc6dNZ9gJvbpW2QY3Nh4X6mTZN4xH9cL2-MJQV1-WJV7CgGMhW10W2401Z_W_8W41J_HJ3_hzVlW7gfsws2wYjsgW61KDDt62d_90W5C2KXK1mdTBlW8p9WQb5Br6cCW6DG-348CqvSNW3Tt6-45D6Sb2W3mg-xq6zJJMlW8lFfDd64YtwVW9c41906r8ZMpW6VbgRH6WgQw1W1yskRt4Qs64xW52xlGg8fSDGFVMxTxN2hkt6QW5y3sMq6-_F4LW3dt1wY72LmZSW7B72jP46fN5k3btY1) The dollar has been on a surge and this has raised concerns in the financial markets about the implications for global economic growth. What are the reasons behind the recent dollar's surge, its outlook and its implications for the stock market? 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