Pfizer acquires Seagen 💉 SVB fallout 🏦 Gold rises above $1900🏅US CPI & UK jobs 💼

FlowBank's hand-curated fresh financial news [header_noDither] 14.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxK92-MJQV1-WJV7CgYBkVwH36f66V0jgW26tbT33g4MBZW47xx2-58TdNqW5D6MMs8jP_X6W8c-5VH8bG0FTVY_M9t5dQls8W7-BDTQ4J-6SDV7b5qf3G0G5PW8vCHFT2Y6ysgW7VzsCS4tjvjsW4vL9m-4G0YfdW2J86fB1PqtQrVxzMNT6ygnMrW6Pt3c07rHNjcW3f4Z8S8Sx8H7W3B-p-72XNhDfN3cvD8tNXVt3W5LClb14w549X3p9Z1) and [Instagram](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxJV2-MJwV1-WJV7CgFkCVQ66Gd89gGW3W6ZcjS73MNBtJW4NnpVr8Yjr_LW8GK_984jcQ2vW8BYXhm83F3-nVx4wx91_HJVmN4g8zjw6HhS2W7-vwxc6lxChjW7yHl1R3TKcW5W5ZLJdM3Bpl7RW1cTHwn5zQPCtVRDg0R8c_QzKW3c0bCx3NGY-RW44-yGd4hH7XwN4fTMm35TDltW8nySCh5d7g5R31th1) highlights below The Big Story [Pharmaceutical_hero] Pfizer struck a deal to acquire biotech cancer specialist Seagen for $229 a share in a move that signals the return of M&A activity. The deal, worth $43 billion, aims to broaden Pfizer's cancer portfolio as it moves forward from Covid. Pfizer CEO Alberta Boula said that it would deliver Seagen's cancer therapy to the world on a scale not seen before. Seagen closed 18% higher on Monday and Pfizer rose 1.2%. [Start Trading](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxKt2-MK5V1-WJV7CgG17W8kTqm2560yh_W8F3qYs7KCWW1W4jhnsB7GGq2fW60xXWp469TpRW2v3P6k77YhqxW46g3CH30TMkjW134y0q8YStVbW6V3h9f9k21qdW6KFHlm319b20W3GJxgF7PhfCJW1QXbCX6pZLvsW2Kg31P7P8qz8W3qW_8m2jx6W5W3d4yJ-4Qw358W7J9PXK3D5S00W2DY_lN7Z3-GfW4yzr0N57jnJXN5nNwFVJCv8KW5_fw_x1G4zDjW8yl4sg6vmymK3jQH1) Trader's Corner In focus • Gold broke above the 50 DMA before facing rejection at $1919, and pulled back. The precious metal closed above $1900, which, combined with the bullish RSI keeps buyers hopeful. A close above $1919 opens the door to $1960. Support can be seen at $1900 and $1874. • The DAX broke below the 50 DMA and 15000 psychological level before hitting support at 14885, the rising trendline resistance. The price is retesting the 15000 resistance, and a move back above the consolidation zone at 15250 is needed for further gains. However, the RSI still supports further losses. A break below 14885 could expose 14700 the December high. Economic data • US CPI, • UK unemployment • BoJ meeting minutes Earnings • BMW, TP ICAP • Volkswagen, BWM • Close Brothers, Lennar [Start Trading](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxKt2-MK5V1-WJV7CgGR1N4G26kckNczkW3St6NM5TsdL4W5CSFfv92FrQwW97Mp4S4pKxMcN3jwQzcdMNqDW46nPsR7C8SDNW4W9_PJ8wrfm_W90TT7X1Chs_bW4P7Zfs7VjvDYV6H_Z_5sFzrcW735ldX1ZCyqCW3_QnL28TRSXDW96bMq-7d4bv-W5hs5FM8LpvwHN3s68YkXP1qvW4jMVpV9gyZjWW6P7MrX21x_lPVfjf5f4GXg1BW7YD3lv5jp23MW4MH1V72vHVz936sn1) Market Recap European stocks plunged across the session, with banks leading the charge lower, even after HSBC announced that it would rescue the SVB UK arm in order to protect depositors' money. While the Nasdaq and the S&P500 eked out small gains, the Dow Jones closed lower in a volatile session. Banks fell heavily, along with the USD, and the 2-year treasury yields dropped 60 bps as investors reposition for a 25 bps hike later this month rather than 50 bps. This morning, stocks are edging higher as attention shifts firmly to US inflation data, which could sway the Fed's rate decision. The SVB fallout could also continue to impact the market. Chart Of the Day The USD fell as Fed rate hike expectations were pared back. CHF surged, helped higher by exploding gold prices as the precious metal reached $1910. The USD looks oversold and support for the pair is just below 0.91. [USDCHF 13032023](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxK92-MJQV1-WJV7CgBSSN3_M8d8MZgD-W8s8PZQ2wl4VLW5Xs7HP8n0hY8W6hqvQJ7nv4gPN4KwN-4RwCCsV-jr6_2pdGgYW7-5rCL2NyG3RW86XxDP3bD2fCW4c92Wq791sk2N361Dh2NmNWjN5K2vQFc-H7CW54TfPW5JxmjpW4Y8g635dctWDW4VvPGH1jBb5cW5T6Jh41J0cQ6W1rYydk75wbb_W1t8WyH39xSFDW4tZMY28dTnMz3dZJ1) [LINKEDIN](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxK92-MJQV1-WJV7CgMB4N6DslQ_1sLfTN5RZDZKQKx7_W7zF5-h4mqHwDW7Y7sTM2yfL4jW85wVw95Lk-YwVLr8CM4QPlyqW6Cy3Y77XQLCcN2Cy0TqljMQ3Vb-l3B3mQKWlV6_t7V8Zb2xcW5Gx2Rc1yWmNTVNLWjk4lZRrQV3-vqm6YpZxGW13_cL73bPd2NW626bth4kR4zzW4FNw3v6p_sJqW7XMWbh8cmS-bW5pjkmm5ZJs_5320l1)Highlights 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/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxK92-MJQV1-WJV7CgYxNW5TZP2n2N-SM1W5cvzkc2L8SD5W10V_Gw5bt5YlW7rs9v56lyx9yW74LxGB4mnT9_W83mMKB6k20Q2W71rB2N7cDm6NN94g15NGrRGrN3F54GtgzbNcVqZlv_8sP6PsW1FfZHH2b_TdBW5bBPNV6cMtklMB6X_J9zFWyW19qpFS8mbZfyVGrvR17HcQrWW92szXl7240M1W2WqnzD8hYVCwW5FwX266_f_Y41f1)to read more. [Renewables infographic](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxK92-MJQV1-WJV7CgRJ5VjjDKY4Bhx2LW4z8NDv7M9RdZW8_4mcJ1TFr-fW5wQtXw5K3wGBW8zYc9S4LXfngW47Pxt37CSMpcVPpsTS1Qt_tKW6dBG407N0SFyW1vvjHN2Mx-zzW2h2Hsf6mLsv0W4Gl5xc4YbV9wW1wpXyd4Y7x7JVLQHz46qfz6QW3lykST4N9qg2W4h8DzK5V_cBPW2wHfKH8XBZFmN4y13-0FVyqLW6WGVvN91ZHnN3bFN1) Celebrating International Women’s Day 🎉 [LinkedIn](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxK92-MJQV1-WJV7CgRTWW7Z0dFx1WpDMGW50PcTf5c6LC7W5qqQjJ2pmcvZW8VbK1M3nVGdzW8q7KZr8LJ688W77Bg6q89bM6XW7jCZ4C9gl_q8W3-hHMQ6JRRm7N4k1zZGlmbsKW7KNthD1cCz-vW1VYSrk8G3ZGqW5_yPhT8jM0GKW35dqGh1HZNRQW8CrKvL2mbKMSW5Vk30p2y7kZ4W6Fh1B-5zRyqCW7zqRRp7lCYs0W2Q6gD07cZ4fd31DS1) poll: What is the % of mutual funds led by women? [Vote here, we want to hear from you!](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxKN2-MKpV1-WJV7CgSNYW2TLx492p_HL-VTWXwX1n0kSTW2Mktcz62p9jQW6HLCXt4BdVCzW2kX4Q07WWYkDW5Rnt3l8J3WPDTcBm44lmV28W4tK07l14wr__W6bszmd8vBnx9W1g0dfq7q08-GW7pH8Qv6-PBncW7qQ2FY7t2GDyN3j9BfQKnkWhW6Vv51x926X3hW4FszNH8hhy43N2QPmSgP2mNdW5YmzDR7q1G3MW8Hhtp22CjPh7VhXjdp6ZgTfqW2XqJqR6nJWHRW8D3qQm3bGJ44W44DqbN5_KyN43q1T1) Poll of last week ([here](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxKN2-MKpV1-WJV7CgWFkW5hwPnJ4mjFVVVjz8mC6pn125VVD7zz1N_lVcW1zLzyZ8d2XC0N20ZkdLm8vpSW1CfZWn8VphKwW4S54646pV4F6W5tFPK43hvSL6W7R9QqG5L8QNZN8ps16Tj64m2W2NvgLQ7k9fD5VlxhJK6-XkMvW3JHGRb3n_g9sW3ZHYXZ3hJrhwW2nGhFB6HcXbwW79JTSw7_gXYpW8MV4v96Pz4wMVTyNjr78pwXkW63d4Jr5G6dfBN5FR2ZJ_wx6gW3QN5bJ97Ry3nW2s-4hV5xqPgn3dqx1)): Preferred number of stocks to hold in portfolio. [INSTAGRAM](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxJV2-MJwV1-WJV7CgVZHW6WkcQ882Q7gWW4lJyRj1Y8DwVW6fzT2N4YWrZfN3Cv5LQDNp6DW1xqLFB4sYQHLV_FtMh23lTdTW6BkDCf6KVj35W7dggHN3jjJM_W2R4w_G60cLq3W2cZFqy8ftxG2W759C198ZQzxPW8lzLBX9dzCbrW6MZhjP5wXhj_W577GH58nWnvrW5RzP704W2bjQW7K_4Tx88DPrm3b1r1)Highlights 6 Inspirational Women Leaders 🎉 They have changed perspectives in their fields, and on women in general. ⁣ Click [here](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxK92-MJQV1-WJV7CgDLgW6cZKW55lL4FlW8wNN-P1tM0MLW4V8hKJ2JP-2WW46lGj13gmRgMVDBJ8d6kPRRxVVzrHQ8XRc-cW1LjKVQ1JB3TTW5j9GQ53BMs48W6r28Cj51Kt26W5sRd0l5LF1jzW2-ln5W2blgq5W1JgnyK3Tn3FLVv6NCC8WtPHyW6bbxSL1CrhznW2DzQZG21-5rmW88tCFY4nmX01W8l9lp25CCVf-N4VRPcbyTq7B36d61)to see the carousel. [Lagarde - FlowBank IG](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxK92-MJQV1-WJV7CgBJ0N6-x1QmM8VDXW59w0lg7KzJK6N5-Xtmlhs5NZW1_85Nx8ZzH_dW29dhvf5m32bSW8nMzbq2lQtq7V81k8x89DF_VW625Q1w1Y6FxvW11yQsb6B_3JnW2LCrz454Nz2CW4-b7g66WH3m0W1JXvRN225cGzN1BNGJ71RC6jW478rfx70bJ_zW2Df_p615JqKDW5BMsbK93DlchW65KCpg4yRCWhW5ZCZ3g8ddQTR395g1) FlowBank Blog Forex weekly trading ideas: EUR/USD, USD/CHF, GBP/JPY [forex1303](113/cXx8Z04/VVZ1LR8G2_sGW5D9lgb2z1S-VW8pQGPD4Y5ZHZN4qMxK92-MJQV1-WJV7CgGDnW6-3w6w3Cz4YhW1yn_r73xFX_bW1PgtrH2cVDpGW4wx5dP7tKwXtW8ZwFCC2H22pDN2bSt6mK3S4nW7sWP0Q7qkL7HW5CDrJf9hs-qHW1f-hkP4T5dKlW894yyG5qCm33W79KNjs5NvJkpW2rsyMn66-pr0W6VSMjn8ZLW2xW59G6dJ7Q4sm_W48_38Q74ChN6W4FNfKH6Jd44GW7RtPbJ7RYtsTW5RvfNn6J5VH532x51) Markets have been on a rollercoaster recently. Here are our trading ideas for the week in these popular forex pairs. 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