Tesla cuts prices 🚗 Oil tests resistance at $80.60 🛢️ USD/CAD eyes 1.3650 🇨🇦 Fed Chair Powell testifies 🏦

FlowBank's hand-curated fresh financial news [header_noDither] 07.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [tesla603] Tesla is igniting a price war in EVs in an attempt to fuel demand and drive sales. The EV giant just announced more price cuts. It reduced prices on its two most expensive models in the US, Model S and Model X, by 5% and 9%, respectively. The cuts come after aggressive discounts in January when some new car prices were reduced by as much as 20%. [Start Trading](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-y2-MK5V1-WJV7CgTPRW7sXZrL20gCFTW3cbQnp63FTRqW2xxwmS5Lyjd9W1ZkFTb3pJGYkW4x5Txq5_YY42VDJBzM5n1T8mN81wgM7jHCPtW11gcFk7hxvvMV20jsb8QGDqGW5NSTNJ2JGBwmW2YmCXq2FNngSN68Gg9f6jWZWW5ngnbz2jD08cN48KmV09-H6ZW3sd-Ls3mBz7NMQncfd_fLptW25cX9Z1wLRzrW2sPFJd16SVZLW5Ks-XB18LTnXW6ZHfCb4SRkxP2Vh1) Trader's Corner In focus • Oil trades around the technical resistance at $80.60 , the 100 DMA & the February high. A rise above this barrier could see buying interest ramping up towards $83.00. • USD/CAD has been consolidating above 1.3580. The bullish RSI & the rising 200 DMA suggests that the path of least resistance could be higher towards 1.3680 and fresh 2023 highs. Economic data • RBA rate decision • AUD retail sales • Fed Chair Powell testifies Earnings • Ashtead • Crowdstrike • Henkel [Start Trading](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-y2-MK5V1-WJV7CgzZBVg4htM6Rlt8ZW7DQNzh1wSRWwW3Ckj1z66gpCqVRW1gR3492VKW4ySHK-6x0Zb2N5MMKL8GWm1XW2XBtGH1hzfvxW12v65_9kWYY6W6_khHV5q1BPbW21pY8m5RQJ9MW5GhnVd6JJfCKW1R6dW698wd9jW2G2sZ21CSCZwW1v8mvt4Jy0LMW8DlS5J37649-W5z0hCd39bYtDW77VGY4827Y7JVJkRWf908bnzW6KRSmq7NcjlGW12pbxX94m42J399Q1) Market Recap The FTSE underperformed its European peers, dragged lower by miners after China set a GDP target of around 5% for 2023, its lowest growth target in decades and below the 5.3% expected. Meanwhile, the DAX rose to a fresh 2023 high as recession fears have eased in recent weeks. Stocks on Wall Street reversed early gains on Monday, in choppy trade, as investors looked cautiously ahead to key risk events later in the week. The Nasdaq closed in the red, while the Dow Jones eked out a small gain. The first of those risk events is today, with Federal Reserve Chair Jerome Powell due to testify before Congress. US futures are heading modestly higher, and the USD is slipping ahead of Powell's appearance on bets of a less hawkish testimony. Chart Of the Day The Swiss franc gained against the USD after Swiss CPI came in at 0.7% MoM versus 0.4% forecast. Hotter-than-expected Swiss inflation piles pressure on the SNB to raise interest rates further. [USDCHF 06032023](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-f2-MJQV1-WJV7CgW9TW17fhw9733WXjN68CW5bVxjK_W96Lx6S3tJT5GW4c84VP6g8G4dW6xpXF07w_16lW2DQpps7hnn2lW1TJqXG8CvRSKW3dTdYY7mG9mkN6sG9H5G5VFbW1VxsVm2nF6zkW7fWn411HTB86W6Q8NJ6775Yy0W8p99gq5-Pyd9W2fl_fZ1wkWlGW8SfJS1955Vh1W1H_GnD7JbBclW7SVbj-4HQyhFW3kGrpP2qthLg3kZ81) Highlight from our [LinkedIn](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-f2-MJQV1-WJV7CgPy_W21cJmV1pRVj9W5zzN6g2Rgg9kW2qvJ061_q5FrN7yrk9crfMh0W250L3-8_-D0xW7XFW7Y4Xq-Y_W12CFMd7s1HkVW6cBXqn7zW4xTN4dpTKb_SsxLVPjQN734qVKdW3STTdp1FGJ82W87_Bfl5-GZS_W3kK_LB5k6CF6W1mnj3f8XKms7W6X3JRQ3VmPdWW2V9p6b7ssPpVW3MZcG52yQQ3XW676W8q6Z_XgX3ccx1) page Top 10 Largest Renewable Energy Companies 🔋 McKinsey forecasts that by 2035, renewables will generate 60 percent of the world's electricity❗ Is renewable energy an interesting sector to invest in? ⁣ Click [here](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-f2-MJQV1-WJV7CgWQqW64YTLR22hSSbW4nTy-71FwRkBW3lhP6s97Bfz4W7HN0rR15RPqVW7RGdn68H7DntW6Sd2-L4v4XxYW15_MX48zz8WJW7DylYM7Gj1RlW2SQlmN36v6qsW6_1fCz1xB_qlW8dNS651N1zTCM7dzy-5jzsJW1Rp3bT5Fk7TFW1_Wd0-2LjZb0N65bzscLCMsFW6nzmQq5-sf-mW6NyRqS3xkYzyW7PM0dW3SqCRh3l2v1)to read more. [Renewables infographic](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-f2-MJQV1-WJV7CgJvgW4wZSls4cSphfW29rTPy3QRZRrW1y_m9x5YNpVMN8nc4ylYKsX7W4gDw1J5W2Gp-W5lYXXv6W6WrsW2Q-1Rv8NNz9kW8KFtRd33yNX_W2NVbWY82Lc7YVgPf6p5W2VM4W48nhgQ18Nt6PW1DfFJ73Y5GB3N6qnVB07dn0nMmjdWGsr4t7W3W8hmZ8ZyrSRW8g4Hsb5Gc7TlVfJ0w-4TwTPMW7Z1cTw3R1HKw3c0l1) [LinkedIn](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-f2-MJQV1-WJV7CgMcSW10rVlD2mdSTBW84JV9r8lwzg7W8HqPXw58BXNyW4pJKvR2m7xJDN4V6xSPYF8STW6Tt_xb5Ffms3W1Fd9X-53BnZtW7dlY144_PwZ9W4NH9465_6FvVW7Ybjhc85jjcbW7lQMKs1Yj-ZTW8TCZLc6MrfWXW1C1dmw3H9KFmW1JY4g_4_bhKyN99F8dr4YX4WV6yWvx62_-KbW3yw8L92CSqGSW4PRbwx7Z4RWJ37V-1) poll: What is the optimal number of stocks to hold? [Vote here, we want to hear from you!](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-S2-MKpV1-WJV7CgMxLW5vrxvr8CmvbTVcm_MH95Vl5-W6yfQLT59bMZFW7V7sBJ2jmxdJW8P7p8n4LBsw1W5lgnWZ7mcLd2W3n9ShG6TRXb6W2QHPkr60BwjfN28VWy8jM-1GW18Vspx513lyJW8znWPD6jR9YtW16yvgk3-Lh3_Ty2ml1BtWd8N2wDxXRVg17GW4-6TjS5F-YpHW52-Z4q2SZsS5W7JyJlf2qtVMCW4zjj_y5xmFLnW5KDm7t20xSbkW7mvQL26MV4DkW3ryt682lGC1QW3fR9DK6NlmL43gxj1) Our poll last week: 71% voted TESLA is overvalued. 170 votes FlowBank Blog Nokia's Right to Repair [phone image](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-f2-MJQV1-WJV7CgHL3W830w9W4xqNF7W4dj1jr39Y50bW88bK_x1H7vkcTnynC5CdWG0W30vws27Z8KCNW5jqF6k6jtr6wW8f697B6LB5SNW8ngKFK1ZblC8W1BwDH18gd3tlN3NtLttG6gVZW3glzqR8Fm9tvW3ws8wR75qPgmW13jPRk4f0tJ4W7RHB_B8ts6MtW3CR_lZ9gTP9GW3b5QLj6pgmsrVtrZQh7LtBXSW5ScWrK8BZyzS319g1) Nokia's latest smartphone can be easily dismantled and repaired as "right to repair" demand increases. But does this pose a risk to revenue? Read More [Don't miss our Popular Themes](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-f2-MJQV1-WJV7CgNPKW7CDcKg4rM3-GW6Gt4JM6Dnsm9W5GJSyP1kpxDrW3lXH4j2j3jGzN8WGFXVPm3wBW5pRjbp4cvj2kW7lx60Q5jjTcnW36thZ36GWcSyN8HfTDXbkv5tN44TpvgVH3CzW79rzSG7v4_l5W7q6XjQ7NyhT_W57D_pm6qr8X2W8BP0Qb3H01fZN5DkyKqW1rlBW6xZrPJ8Zg2jxW6Lgh8c5-xqksW3VBv3J4KMrBH38Rr1) [Read our latest Research](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-f2-MJQV1-WJV7CgFPjW8jx8QT8Cr9LWW6G3jH97xgcVrW3tpnlx4J9g6TW26XG4s8FR_RhW7zsvsd6Hj0bXW7lCtrn8Nlyc7W6ftGj76PdlqMW3GZTSK7jx0M7W4sRXhJ89_fDGW1jF8Vb8fqTZCW6GSZ5Y277zSBN4YCCw33kLG1N3NjX0Mb1Mn2W6h_BHL3VqJjRVq7BPS5WYCmRW1PnDb15bGlz6W6rmckv34qS9nW8wHsQy6PXnBJ39bw1) [Follow us on Flow TV](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2ZZ2-MJwV1-WJV7CgNK6W5Bjl5T4l8LGgW6K8XBw3nlG-pW8DnxTB6Y_vYSW4H974C2kQTKHW2-NC8r2ddmhhW2fP1VJ5VQNr3W7FqddP22FJbRW2rS8hp7S1bHHW55mzQ45t1KhRVQ824L2qFGnrW3T9j1Y1xch1JW4rxM5463TfB5W5Ftzq13Pd-mMW4YpLZQ6XjXxkW4_Hyjp6XRbsnW1K08FZ7ttCSg3fJc1) [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2ZZ2-MJwV1-WJV7CgFmdW2_dpCb6h8NYLW7rcj5Z5ZKx2BW7bwkX-3YKsN7W2n9qWb1HVK0mN93hb3hvZnWrW2Fll9_2x3D33W2tQfP77x_LrrW9bGvfB24-sqGN4LfDJnw8LVnW5rD2LQ299LJ4W5R-LYX7RMMdPW6B4pVv8NL5LTW5_9BT91J48MyW6LR3kt7JXM7xVmdHxg7l9z-DW8Yyt8c5HdSRX38_H1) [LinkedIn](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-f2-MJQV1-WJV7CgZBcW2WLr8s9jW6BSW2L0LWN3J1JxCW5R1vGS5q7cq_W8SX-mS3L52cSW4-jXg54zryntVfyp7N79SzzVW5n2ZM05BH647W7P1Y4B3Fc_TlW2Fqnrh6FP_BrW8NrpRl2vcy6pW3wG5YW2jrCG_W4-QXfZ8Q7D69W88_H075dRj1sW1HMhg21rh5BCN7j1JxRKX6WmW1P5pq84JzYx4W3P1YW04mp9rgW17V6Zy68KRXB32wZ1) [Twitter](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2ZZ2-MJwV1-WJV7CgF5XW7X9S8X4y6-n1W7G49QW5NZf5QW7HQ5z61RjkyWW4rDDBd59bR7SW2T5SDY4XglFJW7NpXwL82lNmTW4rjrM86f9bMbW20Vlsb2dpCDdW6WY_z858DwsxW4q80_w8rXvl9W13-Txn6LTxWHW3JP4Pl6--cMhN2h40y4C6d3dW2DH1HP4k6BcCW5qy0MS4XNZDTW5fvYqq5CX2Rs39k41) [Instagram](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2ZZ2-MJwV1-WJV7CgPPzW372cLx7wgl4DW4Q8Th13PmWc2W60KVrt93Nh6YW7Md-sG4w81vkW5hN_lg1jZGBDV34zQ02ZQXz0W6FF-08511Jf4W4NnplZ5wSKgWW7Hmg5W2XXvbWW2ctwxh7ZXNc0W7182dR1TxswbW9f3gwP4DJ3tfW5ZWMq68_4F5KW7hgGrd6-N1w-W4nM2PZ8P0KlRN9kJrwt4kM_m35LT1) [YouTube](113/cXx8Z04/VV-n0x2-1f9TW46nt1B1_H-t6W4jRtpV4XRY5tN7bK2-y2-MK5V1-WJV7CgKTHW2nyp4v1YNBrRW2VYSn_2Qh6mdW1T_8Nn8NXxmBW4-P1Jk8Vb3p9W19Zqtx82llKFW70-7ZV87yqX_M-9rWMb0TX-W8HJRST54HMZWW473G0f506_1tVZ0Yb31y-0HnW38RHPl6KJj9xW5g3Fwg8flVHXN2mmKxsptBjXV-7lVf9j99DkW7PBN7V6PyQDCW8ZXZmg64G3ygW8Vff5S4fs4svVPJPz97q7b-ZN2ySqgZKY4NPW6SPct91Y2DgW34VX1) 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.