Micron Technology's outlook🛍️ EUR/USD looks to 1.10 √ Nasdaq enters bull market🏅 Gold in focus

FlowBank's hand-curated fresh financial news [header_noDither] 30.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7CgP5QW3dKC9b1YTv8wN4WtdnhHFxzZW6h1JVl65WSPCW45kD2C7355FcVNkNPm6BL_hMW5fNzx66w5QYgW58CPbh8kK7-wW7bJ5sh5-1qzkW5_J6P32-tR_SW82FW643b5tyJW4g5_qg7wNP-lW7PljW65_bzjpW2RLDp45yrZtbW7TC4HJ5J4SfCW4TG0xX4RhDQfW76Vp_38g01fVVXtCxC32LfZfN1VnV3CxjZJl3gd31) and [Instagram](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0Fqk2-MJwV1-WJV7CgDGlW556_8N37pJyqW7mXW8j15-PvCW4PyMyC1YfGVPVVnc6W8wfLsnW83y_Px64kWWWW3tGjbT3Q4vQnW8TsXNz53lP59W50fJhX8bWvkjW2Wz_Zv1bLVnYW5Bpdr68-SzSzW3dy9SW88KJlxW8PpsSN73CJWrW3yTJ766c7vBsN4SXBrP2ZvL0N7Mv_nlT0qccW2YTTFQ3fCwjh3mSj1) highlights below The Big Story [mu] Micron Technologies released a horrible quarterly earnings report, which saw revenue fall by half and the worst gross margins since the dot.com bust, yet the share price jumped over 7% and inspired a rally across the sector. Investors are betting that the chip maker has hit rock bottom and the only way is up from here. CEO Sanjay Mehrotra said that inventory issues have peaked, taking a $1.43 billion write-down on inventory and chip shipments are expected to increase on a sequential basis from here. The upbeat tone suggests that better times are ahead. [Start Trading](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqX2-MK5V1-WJV7CgMnhW6pH1cV9dcDh1W7P0YT-1ytxkYW8PFmKq1mgtSCW3QtQMS5MHkkTW3w1q7l3qLkTgW7MhzQY4-VzJjN5C_WmpwD9NgW7mxLKQ2H829PN69qRTbbL7ZmW1-V-W243kqjSW457r6P83ws_5N4QGq_WKxKjgV7N-sm91c0M0W3Rll9Q1fqxqqW4-QycD8t6qpgW6bZLjg3nVFtMVv_Gy73wCD2wW1H1X9M48k-WJW4cTtfj8kWmCCW1DXqYH96TwJR3kTp1) Trader's Corner In focus • The NASDAQ has entered a bull market for the first time in 3 years, up 20% from its December 28 closing low. A $600 billion rally in the top megacaps such as Apple, Amazon and Microsoft has driven the rise. • EUR/USD continues to benefit from ECB -Fed divergence bets as the ECB remains hawkish and the Fed less so. Over the coming days improving consumer confidence and stickier inflation could help the air towards 1.10. Economic data • German inflation (CPI) • EZ consumer confidence • US Q4 GDP (final) • Cad. average earnings Earnings • H&M • Cazoo [Start Trading](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqX2-MK5V1-WJV7CgJnFN9bZxrD63tcZVS-VZ-69tKxDW9jfQpN16yv3XW5xW02F1kd3F2W30TxxQ1RqH4RW7dxnwH5h3tWZW14-njy37h-X1W9g9pJX260WbvN160wB7Dx25sN4Hwy5-Dg3K-W7QQ9Rb1JG30PVcQwgk6F57DQW1FqCQ-8LFMP8W3nw0v34lKGsxW7HmqTN1yZxmLW4FzYMd785dXnW2vgghz5cN1-TW4xQp4y1NL39lN1yV7ZpMLFT3VcFfhx2YHczG38z21) Market Recap Europe posted solid gains, with the Euro Stoxx 50 jumping 1.5%, supported by a recovery in banking stocks and rising oil majors. Oil rose to a 2-week high. The Nasdaq led the charge higher on Wall Street, boosted by a Micron Technology inspired rally and by easing worries surrounding banking stocks. Meanwhile, retailer stocks struggled after UBS downgraded a slew of retailers on fears of slower consumer spending this year. Today Europe is pointing to a positive open, while US futures are edging lower amid worsening US -Sino relations. China has threatened retaliation if Taiwan President Tsai Ing-wen met US House Speaker Kevin McCarthy as part of an American visit. Chart Of the Day Oil extends gains as reports point to diminishing US stockpiles. Limited supplies continue to worry traders, while recession fears are also keeping market participants on edge. Here we observe that oil stocks have managed to hold onto most of their 2022 gains, and that is despite the oil price coming down significantly. [Oil vs oil stocks 29032023](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7CgQTqV8TmxZ6TBJYvW6ltJ_t20cXGBN8z3qxMbb7XXW1ZkckS81KsY5VNDjrG4rnXtFW40KTgj68N6TnW8pV7jy8Nw-0mW3QBjy69kwYZlW8DGvGr3CzSrQW1jCRgd2Xs3XJW8dJvQx4H3pV9W1fjvPV8_-nM-W15jw8b6vkFv5W1jwwvZ7JcTrLW3GlKtR13gM_8W4mMx0k1Xf5pyF7pvdH1cgcrW7Hrmx54jJkNR3kqt1) [LINKEDIN](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7Cg-S2N44hc36xhsLKW6lkpQm437qcYW5wKv056BQ474W8XBNnQ8yGm4JW8s2KJF5M7ntSW6VpW265k9j8lW8tpm621j0hMYW1r9m1b3WbK6lW8B2PmG7ZKg-bW6j7B595gZRCDVqpmVN3_fJ1ZW1840kl7syQN5W36YZ6-8MP5C1W51hHTl3l40BKW8b-tdb3sqf2hW8ZrXzg3kWCKGVzHCMH7Fqw0WW18C38M27TWlT3cjv1)Highlights Gold, Gold Miners, & the Dollar see Eye to Eye Again 🔎 📈 Gold prices tend to rise as the dollar falls. And options volumes suggest investors are taking more aggressive bets that gold will make a move on the upside.⁣ Click [here](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7Cg-1GW8tXXXr6Tc2rTW5CJFGg4L1g4vW2trHJq6-zBDtW42Rq422L4zy_W1J3y785xwxkDW15hq0x5m6-FdN71b6vFl3YpmW9m5svg6wZxs5W4hhSJ38CpCRQVFSRcV38_-xvVR3hcy1VZm-bVvl9mM5Fx_MkW5YcjMW6GxH1YW51dz4s5kg2VzW5dGd2W8yLldCN2YbHjP6GHWKW3ZdbC85pVfXyW7m-kmL7f-7c-3cyX1)to read more. [Gold, dollar, inverted](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7CgJvVN8SYZWXJSqKNVhw0FB6Th4grW685Wrn8-g7WMW5wH4SB2_2SXvW7Wy5F07RK3pTW7Sfn1H69-xJCW11-FrN5lTXLHW75LkN94kJXXyW5p95R57g1LwLW2pT9mN7_MxKVW7wy7-z7JmmWZW8NrBSV8W3ZLGW4f4Gn_66KsPjW7zxMfD57LgW3W2jfJXZ3tKKl2W8PzBh06P3cxZW2Mm5Ss5fYyVWN5SZCjKTkh7m34B31) [LinkedIn](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7CgVVBVT0pgt1L_gW6W81p5Kf3tJGW8N6QtMv-_d3m9W6-4pdF8lyqFdW4QTd2y6Zrf6MW6zcX7n1lShbyN5RNrK95RcZLW8zHBHy3fM_33W8FfTTp4j1wKQW8K2SWC3H-rHtW3DN6sP4S7KxYN6sjv8s5rWfhW64-8rx5L_gt8VSgV0G4sCsBGW2nxR_S8N1B55W7Qrn3v58gYdrN69wrPhfmFGkVb1nLd2PzFpP3pX51) poll: Will Gold be a winner in 2023, from here? 🥇 [Vote here, we would love to know your views 💡](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0Frc2-MKpV1-WJV7CgSH6N5Hs72SgJjVBW4TLPBS40Qsg2W8dVr8G23gYsLVpNZcw490H76W5RkXs48yMy7HW3kCWQg9jN-9BW3BK1qP8XsRNWVh1nrj23PvBpW53dLlJ6cfnZqW1HRhQC6CvFrDW1B2N0R9g0VyBW97wDq48fyhKmW9cL8cY66cyVsW1Ccd3J7sZbHmW91ly5V2VLMvvW5p4nbW1qFGD6W4t8sVw8mldLtW2Mf5cv2TvV0xN1RCbds7D3tMW1wvxLn3sZGPRW5d688m4b58TtW2SGLtg7VqslT3ngL1) Poll of last week ([here](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0Fs53d409V1-WJV7CgTJBW1cx1My6ZKsKXW6Vz6cJ79D76jW1Y5HSb2flHqDW468d7V9jt_p4W9fqX7w13t0whW2gJzy927nVQ4W8nkCyP8ygR52VG3Bwh15Rzr6W2Hg_5V2htd50W3V8Wg65Fr0j8V1zGs32klztnW1nqcvS4HMt-VW9kPnmf5DdtTsM6p5XXZvPh3W4zcsnZ7XsxHWW41scsv1H8D3QW9cl0Pv3btb1SW1FwM1y8Kfv_8W81HVRB3FsC7xW8sJ_Hv6sY8cfN6nqR05PlVwtW7sXSXC90HGWQW78g6KV4bVqJSW8R3YmN9dD_5mW2ypYBS3tMXKwW2ZVM5M8Mwj3_W3mMQ1n97DtRSW1MZLhJ24hhvX37CB1)): What is your view on the price of oil for 2023? [INSTAGRAM](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0Fqk2-MJwV1-WJV7CgQwZW4yMHqk6GCrF_TPqMM3kRlQcW7y1VkZ7vsn3dW2P4S003gDLx6V-hRfc3tv5MZW3d3fpH8Z9md2VMvDDR57LP0_VCnc7m3nph7nW5Qw_PX9h9ndlW4W1XRB60JQ6mW91whJY9m5B99V2mhrF6myJTrVssgKg4knzRRW6CVm257bYQSXW7PqwNP48tW0_W8D__zz8z11L234VD1)Highlights Let's focus on COMMODITIES in this new series.🛢️⁣ What's in store for 2023⁉️ watch our latest video! Click [here](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0Fqk2-MJwV1-WJV7CgXnRW5mBM7_4SVK2fW21hYxy6ZzL76N3b8ZrHf-10MW95WdRG8NT2R-W17FwJQ4F3G0tW36W-_P40f_5jW1mHkgJ7Vg5yJW1yLh6r8CW6ZgW30jy7N2_FZl7V5Gkqb3l8PHfW7YZKwv4J70-vW5Y-ps670Xw1FW6lS5rZ4s89gpW4-1JrG5CCVKWW8rqpR06p9kZmW9hxSpg741cxz36wY1)to see our page. [c video](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7CgQvmW70Lhmf2YxnwfW6pHD6F7Sq1gkW8v7Zbx1Mg9FMW61pZ_w76NpMJW8tgmm537kT05W4rgVjR3VVpksW75J5qY3RdfDjW8W_Rtd5bqw6nW585h-L1HyVG4W4S-bcD4xztVNW3RP_MK1wR1BqW2P49K85c00sHVr9YKF5P8GvzW60HtQJ57-jC-W6yYpZV2VCs7fW52kgyH7K5pgpW3fbMNQ9gCwfMW1blYM74m-QYg36dB1) FlowBank Blog Gold shines in March: Can it close over $2000? [gold-bar-black-leather (1)](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7CgLj2W2qfmr71XqLZxW8YRvWG4y3DxPVYdpDR7MTnsHN4k9BV0rhVjSW4WPk4t2nGKD4W5xQ4lw7y3ktLV7fDhh8NBt_pVw33Gy6mCQj-VwL6J54FGL23W4fHG3_6VzyZbW31053B6cfMzWW71mxdX6b7Px8W98C_4q7gGkGTW1bCBqr1vxBLsW48_6RL6Dy3p2W3TqQvR829r7CW3lPRhj3K-MVHW3YbLcd5kwV7Y32Gv1) Gold is on track to gain over 7.5% in March, its best monthly performance since November, the price also reached $2000 per ounce for the first time since Russia’s initial invasion of Ukraine. While the precious metal has eased back since then, flows, options contracts and the COT report suggest that there could be more upside. Get more from FlowBank [Join our LinkedIn Community](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7CgWjRW8R7b0S8g-9cxW97fC8t4BGszgW85F5fz9kqSccW17jmRn5c__6VW67gYKq4gc96rVRztjR3f-kLsVhkxVG9dlx3lW2HyyVs452Pw-W2-ldkq6HSg0ZW4pLz_N6MtBNsW157x6B4CdFW8W4Gm0LV4ZzTVZW897Vb43fnKTpW70KRVB5pR8ryW2JGcHv8TM4cvW2F-VwQ159BrDW3-HD564nc1FRN31PSxRZzjpC2yZ1) [Read our latest Research](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7CgTxcW7bkt5_1jRzlzW6ZXq8Y4cH_TmV7sPMp4Pk23rW3Z6L-n2F2hV9W6TwDhH3qR4KXW6tb9Vz4jLNZQW8BLnz14jxM-7W6rxWgd8x_-lLW5mQpWn4460KVN72fHjRxVjbVW3r9LZp4R9Y2HW66CWMp49bVkzW8X8VxJ7GsSkwW6Cz58P3brKjtVPG-jp6BvxjxW1J0LxF7cJWyXVh6KWP5gzrJlW1w35L-3r2Fr63lvW1) [Subscribe to Flow TV](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0Fqk2-MJwV1-WJV7CgFfRMB5QWp8N51NW5G1TND94zjVWW6PgJFX1WH76vW7fDQc93tT8xxVzwYF1851b7RN1PHwLXFRjWzW7Ny8Z42mVM7-W46tcgl1sC5wwW7j91-G7-56qJW2w0SSZ43DDdCVZD_rf2Kygv1W7lFqHG748QcBW7ljY122z500HW2x4wjk49NcrMW3PPyLm8tRNbCN5lnVZB7wvNk37wW1) [flowbank-logo-2022-green-3] [Facebook](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0Fqk2-MJwV1-WJV7CgL2FW3sh-r9180Z4SW1pHQLV3ZWMfvW7Zm9vH5R4VHbW3_QbX13-T8zwW8q_xfd1s0vNXW4zPD0g2kQH8-W4L26VR7KzY-hW4x7NJR4QVghSW2FT1bt39zM1SW5_VSs56_588fW8X5jsK6g14rcN45lC5cSStMjVrzhQK2_zj_FMmvpx5L5b5vW18rdwh1zzyZ3W6M05J86fmVY53h341) [LinkedIn](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqD2-MJQV1-WJV7CgXvPW4-kwdT3jY-WhW5b5hHv8Y7f7gW1t4Mmg5vM6TCW3wNT-M6ZDnLRW4kHvxf65cHShW2Djg6P4bNQSNW7HZhZD1pJyfLN4bykqfWrG-4W94VDxz7ShcKtW3j200f2Shw3fW6szK0X8H_rrcW6xzptX4vtNkxW7gs0MZ1D8hYmW7rn3hv8M3ScKW84sSng2C3dX2W2j37Mb4m9fsyW2Q1R2k4m8J9-N1X08vvKlrk8361h1) [Twitter](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0Fqk2-MJwV1-WJV7CgRCsW78F5hk8hqJtZW60Bws-3-gSvgW6w7K-j7s_4YrW76k7ZT8DbFXqW8h856r7hqqvXW3LFnsv12ppc3W8QyJKP1TYS_MVdggRl9fb_NzV1mBSj5qmd_bW4K4TYG3L9nGYW8-DB0L6SyDhbW2RR8T4274F5-W8nb8KV34lmSCW8JRX_X1R8wq-W5zDNpH6ndt7lW59w7MS5BJlhC3lSk1) [Instagram](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0Fqk2-MJwV1-WJV7CgJWYW5RK-6q99YYQ9W5Nj0Br8Pc4KrW5_yFBx5ZBwJWW3bN2ml1BpNspN2qMQ3DQk2nwW6nBPwv1LBK34W8bQwjN7v9SYCW3d5cQp29J_g-W5nFn0J1ymNKDW5F6_8b2X2DrKW75zQlw4bd88cW93ZsP580zxvMW6k978j2SJ8yYW2m-4nr9k8c5CW2qz58_9lmHSCVGQ5DQ8HhQBJ2Nh1) [YouTube](113/cXx8Z04/VWnt9f5-KS4YW6zh-RS2bS_NlW3fCDQw4YM9f7N1m0FqX2-MK5V1-WJV7CgN9lVhr00Q6B1VJNW8prNLN78qTdyVPm3fB1nwqVlW1Q-KjT1bH_cqW8ZWbnJ3jh1GMW306lnS4x_mXxN5tmh4tXpMwNW22xkzg1WrcjvW4PwvS97VWh3MW1MqNbL1KwW_YW2dgH9_9f1kQRW589JzH3WrjxdW76xm_l64Y0zmW1l4RlD120twvW793fRc3f01zmMn7B1lYvkTNW6hNXBc40nh2vW26s1Mq58jrBTW2sBkjQ8N7pqkW6rk_n22fgyL53lQX1) FlowBank SA, Esplanade de Pont-Rouge 6, P.O. 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