FlowBank's hand-curated fresh financial news [header_noDither] 31.03.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_w2-MJQV1-WJV7CgPkgW43LQQb5XqwYcVYxcZK3NTTKnW6zq7Ml7N0DWPW6dDNwX20M3sHW3l9nqx4L9JKmW3GkkF04T5D1lW42gGks6nPWncW2XFbvH73wMbxW36Y9zH8vGqcLW8zYM0c5vN1ZrW8XVwT12d803qW3KVmH26tRpfSVhQ75g5bzqvlW4b7tkl96QmJ-W2Qf10K5DgFSVVl46GN6dGz_dW5VRrBh9k8mn6N81WVBgDbWtG39gm1) and [Instagram](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_c2-MJwV1-WJV7Cg-bSW4GRfvH7WSCcvW1F-Tdd3Ys7vWW604Dp-2jR9W4W70Dm1K4Dsf15N30Lq-8bXYZlW8L6mFr5ZtLLcW4Twvsb5z9GYMW7-s_H_6ptGCJVJPd3q72pbw3W6j_Jms5HV36CW1V83FM4SFQnlW4jdjdc861TKXW6HJqV86DRyzgW33dXQT6nhpz4VnfPQ878F_tlW97ZN7H7p8kwv3cgr1) highlights below The Big Story [carnivalluminosa18] Carnival is on track to rise 10% this week as investors remain bullish following the Q1 update earlier this week. The cruise ship operator revealed revenue of $4.4 billion, which is 95% of pre-pandemic levels. Booking in North America, Australia and Europe are also at record levels which has given management the confidence to promise full ships in the key summer season and positive free cashflow for the full year. Things are certainly looking good for 2023, although fuel costs and exchange rates could remain headwinds. [Start Trading](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_Q2-MK5V1-WJV7CgzPHW41C0cC86fHb_N19VMSFjrW0lVktstN3fPTw8VVq4jG8hddpNMq43p5Xf6vjW2Nvk1j26r_WcW4FK0LV4gDTHHW2Fsn7l32cX28W1rj9vy80ZbxVW3j652V6NTVRBW7SX6W28tvPyxVL8Y1J1_dvHJW4mbXYt20NhJ_W81_dtM3rsVSCW8h_wSs1WKgf6W2xD0pn1XZWs8W6ZrmVG14zCmJW5Y8NlV2lzVmPW72QJSQ8s4SdBW93BWpz5npH2q3cCY1) Trader's Corner In focus ⢠GBP/USD has risen to a 2-month high above 1.24 ahead of UK GDP which is expected to be stagnant in Q4 and US core PCE, Weaker UK economic growth and hotter US inflation could pull the pair lower. ⢠USD/CAD has fallen for 4 consecutive sessions, boosted by the upbeat market mood and a 6% rise in oil prices. Stronger than expected GDP data today could see the pair test key support at 1.35. Economic data ⢠EZ inflation (CPI) ⢠US core PCE, Cad.GDP ⢠UK Q4 GDP (final) ⢠China PMIs Earnings ⢠Computacenter [Start Trading](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_Q2-MK5V1-WJV7CgY4hW2XjNd43Y4GjsW9kNDvb1q61bzW6s_v2132lBP5N2_QQWXx3cdbW6MY6r43NV5JnW3_QQ3B44lLvyW8LYgdC1RqpGkW8x9GlT7lSxPlW3rQbQl3c123fW84X_Z21x-DTGM_3FJsbQRsyW3-G1qc99KCfsW7lc0K81DgprQW66MT1W2p4qXdW7QhDT3951ZRkW4T64tN1nvVVxW2DZVJt8mbcmFV1wqFd1p90DGW7YGg061_DjTGW1FZGy87GRkGz2GB1) Market Recap Much weaker Spanish inflation sparked a rally in Europe. Spanish CPI almost halved to 3.3% its lowest level since August 2021. The IBEX outperformed closing 1.5% higher, while the DAX rose 1.3% after German inflation also cooled to 7.4%. The three main indices on Wall Street drifted higher on Thursday, with tech stocks extending gains as treasury yields slipped. Jobless claims rose to 198k, 5k ahead of forecast and US Q4 GDP was revised lower to 2.6% QoQ annualized, a still solid reading. US and European futures point higher with the focus on inflation. Eurozone CPI and US core PCE will set expectations for coming central bank meetings. The market is doubting whether the Fed will hike rates in May. Stickier inflation could reset expectations. Chart Of the Day Risk aversion for European bank shares continues. The cost of insuring against downside for banking stocks remains elevated, per Bloomberg. [European banks](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_w2-MJQV1-WJV7CgVH7W7PMMr12F-hmwW4gSpb35FPgtcW3pkPgm1-_FgrW8_ktJf8j1Y-rW4zJ2rj7CVpXDW2b-dYh3LW3L_W75FMZP3CBHKSW2cD20D6lhRsQW95d7t47fvH2GW7H5QM85XGD4fW4dJQ368_RbgkW2PvLNb5jjmV6W1cVsYc8ldDHBW6ZqJ_q22YjpzW7mj5m212R4sHW3GSgpG7SqT0gW90DkWb1gNChdN46_mQLPPpSk34mD1) [LINKEDIN](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_w2-MJQV1-WJV7CgXyqW5L0m214cXnRrW302n7W3mhHYsW70GV228YG7R8W7pN2756Hy6PsW8c0VM_44-2QwW8MpcM86T3bg4W8-nnCX8WKTNqN3GGnlplX3Y_W70fDjv3HHSKnW2h6QDH6NW2LmW8n7DQh16HxDMW3L6cn71lQ29QW6w3Qfj1J9MlRW2VWC8R73VhShW4jpKqV5rXYMFW2w2N3j2h-jSHW4NcN8j57mX5HW1RFj1k40qwLM35F11)Highlights Gold, Gold Miners, & the Dollar see Eye to Eye Again ð ð 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/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_w2-MJQV1-WJV7CgFWzW3XB8CH1qkKG9W4HfRcV8B9JWLW5WrSYW7HbGlNW57ckTr6FFG55N5R4y8Rkk_nXW8mFLxB4LZTsdW7nH0Vt7qXh0bW6xFjcQ5979qyW8kYl4w3MShTYW7RpsXX7jhHTSW439NNx52WCpHW2gznwF8rX3jsW6N_2jl8xKTrzW7pzjHZ5Rmj_zW8qZN9b5kSZVsW4VKBPr31ggBDV1l8Yr4j1CKnW8tYcft2ZW0nQ2xt1)to read more. [Gold, dollar, inverted](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_w2-MJQV1-WJV7Cg_1HW1JWMPw36NFbPVrzZRM6vyljXW3fX50L6gpqyBW6vwmlV29l5zkW1L8ZHb6YpSTgW5qm14N7ffp7qW60Nv8r5q1M2QVXcLD43xsLCbW6pxjGl97kNvTW7YNWKw7-7THzW6DLCw84CPdM-W2J8ntv9hMX2HW46Qvsw5D0mPLW79fB3X8fkpMLW8y3N7Q2DnvtZW5zn49-9k-fkfW384Kzx7QSwlLW97f3G22HfmPK3p6Y1) [LinkedIn](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_w2-MJQV1-WJV7CgP0NN90gf2HDdRPPV7kgyW53RQQhW1zZ_cK2-L6-jN1wz1blYCgqnW612RGV9bKTQJW5Jj6wf3dktscW1MB2Yp7gYtpDW4CcQQ15h1DXCW1Rxrqf5d2HjYVSXxyl7gNybbW5CZM2Y1p4vVWW8-8rtt46dxWFW3JVkN25cXhsPW4zLG2C8-vC_mW1dk1p81JzqmrN5-K5jQzNrYyW63hWvq8Pt6dmW43XsdH1dLDhb3jNk1) poll: Will Gold be a winner in 2023, from here? ð¥ [Vote here, we would love to know your views ð¡](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s6052-MKpV1-WJV7CgRNWW5QDy_b2Djpp8W40N7jC5qc1MNW8RqNsF2kjWrGW1ZN_Nb2Cv_X3W4lYwh41mlZ_PW6-wq8_8KrmMVW6d3SH85X1D6gW29WMMd4sVfjlW6zLWxV43x61hW4kZjrP3QZn45N2DfrM1-5lgDW5tf-Hc8mH3bFW6dZgQM6F98dfW5Hcs1d78TrhfW5rY7B96NTMsSW7SH76W1ddqvsW7Pdqgc637y14N20Y8Qk_cK_9W91_tj-8_WJHdW80mQPF6w93LhN3MppKQhKqP0W97c15228wXkp3pXs1) Poll of last week ([here](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s60_3d409V1-WJV7CgJRjW13_Rq69bnDTnW4l3QGb3yGl9WN1lk28r6ycPxW8zT6MR5QC616W8MCQMH2c9JxdW1ZnSgk8jbWcvW5zJsQg6JDtSjN2h3wqNh1rFlV-vwFW4nVy_HW84Gxt76sC5dGW5TPn9c54NsMHW6DQQHS2J8KN5W5vwjK14kvmTvW25CNCp4rvtKmW51pTxH7rwYVJW5Lz-qX4ZvMLNW7HbDBT1pHrvfW8BZS0N5t9F9wW5qvxBD92rs-sW7wfZyd7PYj9kW8bzkK43DtpKgVC2mlN7w5lVRW6pHVWS3t5XnRW2D8rR78vgqFJW8gpl3w2rDcGjW7mHld12P99jqW3RQk1H35k0BQW92sf5k6qJzgJ35Rn1)): What is your view on the price of oil for 2023? [INSTAGRAM](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_c2-MJwV1-WJV7CgW3JW8bG9Gq2RXN91W6NGbMq5PmQMxW7D3xb-8tvFPdW2qmX485q3P1nN45qW_q_twF9W9gz0_y77bybGVSS7Bj3r-Mf7W1s29P81sRqlFW8Vxs9K3TRTmbW15SXm18_pl-NW8gbgJB8sB_tBW3wvXYS3KFWqrW3sPDCK9650zVW7qtjqc64rrGVW1zVZt46x8xQmW7nC1rJ1wyHNQ37561)Highlights Let's focus on COMMODITIES in this new series.ð¢ï¸â£ What's in store for 2023âï¸ watch our latest video! Click [here](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_c2-MJwV1-WJV7CgXrHW69x2SG4401LnN1w8xB3nt_L6W1Svk4C5S1ShdW4b1VFF5hzG_YW3Wf9Sv7qLTJdW4w2N8S86BPW8W8fDJCQ6qDl7BW47h1BT1BJZdtV_gzx67mwxqSW2fLrr-387DmtW2xg0f-3gC4GLW4Xj-ZY4DxkwjW6qHdwk3Y_qfNW3wy9PF1Lr_P8W5n28XT2fPsWCW8V15yj4k7F7s3kgP1)to see our page. [c video](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_w2-MJQV1-WJV7CgLR0W7RVsq52h88RyW2x6dzk69FWW0W8XCD1g2FDc7GW35tWv_6_mWq1W6wCqrR34MsRdW2ZspQK26mnGCW67z3GS2XzyntW1VPJsk2T6lxWN1Z3LKCq1N9yW7qT6f929GVB5VQTzyH7tdjNPW4dBY-24HCVrnW3Vq64s3qvclWW3dRt7z1pt7hqW343PQc17ZGQKW65wwwm1x1MSqN90tHpwLkSRBW6R5m205PKVw-3jK61) FlowBank Blog Gold shines in March: Can it close over $2000? [gold-bar-black-leather (1)](113/cXx8Z04/VWRQ8c3NDbH1N98xgC37kkc0W48Yhp74YPjZLN26s5_w2-MJQV1-WJV7CgC_lW239tGY18N3WpN7SDX6Pm9fp7W5f1Ys04-fWrbW3XF9Np7Tg84HV1fpP-4ssG64W7LYr5b3FD1X4W7dTyhs3k1mRRW99lPBK8wLNCPW5_6D165SJJKXW90qF6_8Y7f19W5vwyBL8WJWxnW7DD-qY3SVF_LW42BD4589sSCrW2WvGn-96_3vyMssC7qL8wnNW29F5QB1yN1rBW6G7Jdg6Xlg3DW5kNsHK1m2Kpx39q11) 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 Russiaâs 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. 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