Tesla's record deliveries, Gold eases, Oil holds gains

FlowBank's hand-curated fresh financial news [header_noDither] 04.04.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. New: See our [LinkedIn](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVc2-MJQV1-WJV7CgQGXW5T8Sg04rFkVzW92Myxw61PkSGW5rX5K753RWLLN1YqBLHmLZLqW2WbySR8znPXpW8gH175264NpgW6lQWMX7VgY5gW2BdbY66tC8W7W3_RlY574GBSpW4Hys0H214HL8W6gyKfX5MfPwxW5p3jjS2LYZYVW6Zp4bl3tDTprW5cgxpw3KRSmWW7kgLPW8NGgg4VM8tF06SXMpwN2vhFqrTDGcxW5FJZXJ8g5Ycj314n1) and [Instagram](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxTX2-MJwV1-WJV7CgHw1W2LR76V1DKNhNW7V6xk_8jkLQ2VYML2S1CX3kcVGWC2F7V9-flN4LxQVytP0YfW947NHv35YkSsW5MZkp-7hBQK4W5ntD7Z63fH-3W3ZhSzj1gyzJBW8fGB6J80nK32W4zshh098XR2-W4fbr8F4F6fR4W8kx4TV8gMmCNW3XLVb98zWDbYVKZdkn7Jl01mW7g_lWV4Df7nZ3n441) highlights below The Big Story [tesla-Apr-03-2023-09-01-20-8606-PM] Tesla fell 6% despite revealing record deliveries of 422,875 in Q1, up 36% from the same period last year. Tesla cut prices repeatedly in the US, China, and Europe to fight off tougher competition helping to achieve these figures. Investors are concerned that more price cuts will be needed, eating further into margins. [Start Trading](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVw2-MK5V1-WJV7CgQXwW8XGTrq22b62GW2dRyLV1JY87QVr0S5t5BjJPyW72HLR582ZTQ7W6sqWJg7yCrV_W6111rS2tdrTQVV0bbN11J90nW7Q46_-5BGnGjW66yPyR17qvdPW3sgs6R7qq2rXW95xCNW4Vs2yRW3p-fXG30N1hsW6MhbZQ2c3TNgW14XtWP2BQz_BW5pBqV431_TXJW5S5zMs9hTj_-W6_jz4n533cTcW2qsqCX5HY1Q5V15SYx6SFPNqW67gLcb7mgGGw3h_d1) Trader's Corner In focus • Gold has eased back from a weekly high near $2000 reached after weaker ISM data yesterday. US factory orders, JOLTS job openings, and Fed speak are in focus. • AUD/USD falls towards 0.6750 after the RBA keeps monetary policy unchanged at 3.6%. Governor Lowe said some further tightening might be needed. Economic data • RBA rate decision • US JOLTS job openings • US factory orders Earnings • Saga • Kirkland [Start Trading](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVw2-MK5V1-WJV7CgY5gW5zDzSg3Zt48PN4FhM_S3sJ45W8NRDRN3Sx63nW4kJPdR5CCz8cN4SQLC3k5xVQW8Xgvf457jFW2W2lC04D1RGCfHW4wBrMQ5Bb0l4W3KZNqn6MPCSvW3Kld8d4v3kZWW6x59Dc80rKGXN2K3vYsLLFnyW3QWQtW3Rfz-8W7F90NH2rYSb5W93qgsR7DfsncN4QkVwYTwfRwN1DWCt9-yY3rW7rMQQC8dTZMfW78PFnN47xY0TW5JDWcy1_vz4139gJ1) Market Recap European markets were mixed on Monday as manufacturing activity contracted amid weaker demand. The FTSE outperformed its peers, boosted by heavily weighed oil majors after OPEC+ cut oil production. The S&P 500 closed mildly higher on Monday, as gains in energy stocks were broadly offset by weaker tech stocks. Higher oil prices make the Fed’s job to rein in inflation more complicated. ISM manufacturing was weaker than forecast. Today futures are edging quietly higher, and oil holds yesterday's gains. US factory orders data and Fed speak are in focus as doubts remain over the Fed's next move. Chart Of the Day Oil prices surged after OPEC+ unexpectedly cut output. From a trading perspective, oil is now at the top of its range, and traders should be patient for a clearer setup. Our view was for oil to rally from the floors set during the Credit Suisse and Deutsche Bank scare, but that trade no longer has an attractive risk reward. [WTI 03.04.2023](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVc2-MJQV1-WJV7CgZ2wN33KSyyBWJYKW8Bjh2-54KCD6W7N0BhM5KCTg-W4R5f144ylW1cW3Pz3HY37T-LRW6B_Hj86yQzSDM_fwrk7R07jW8_YFbq4HrsqRN73gWcR4bBqjW9gh-tw6_dKzPW2CF8cl9h8g4mVDRKss1n14GJW99vYRz30MpkSW7GFJGg42R5RVW1wZxDx670D7LW4Qn_3970B6L8W30HR9937NN8RW7rpSff3SplTD3bJy1) [LINKEDIN](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVc2-MJQV1-WJV7CgNTSW43y-yC3v166HW9gRlSK8Gtj0jW8K03v78YWkCNW7HhzYD3ZM4zdW2H0Khh2kxqWvW7Jcm2x8sHYFbW8vZkMH3wzmMFW2Cz8TH8Qwf1zW1nR_fD3Yvy25N27rvvZ5zyrVW7cX1S54KTLmCW1NfMp-5HFVdSVxjJtM58Wn9CW82xrbM5hNLdQW78VN3f9bwWVNW2BTKfY33qKF9W58DjFx2WtDMKW5GMvHK1HbFZy2p11)Highlights Gold: March is Best Month since July 2020! Gold just had its best month since July 2020! Could gold still make a run if the banking stress subsides?⁣ Click [here](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVc2-MJQV1-WJV7CgHYKW54jpr_8x3D88W2yvVxQ5ByxDgW8dZQ5J6t1ySHW3q39Df1gN1MrN86g3vcKXvGWW5JdSny3LB5__W769tz46nM2q2W4s9znZ5xYrcLW6-c-829lmKZzW835SZ-60NyPwW3sXdC71f5lzJW5HMGrH8JPLgYW6qxRGc6Dd1LpW4xgXJ386rxfpW3gFlFQ8ym2D0W1NB_ts5FNvMvW1Vjqvt8h2GHnW1LKD-71KfgHw33b_1)to read more. [Gold analysis - 31.08.2023](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVc2-MJQV1-WJV7CgXTBW2D-dHk96N0zJVV8QC845HJwRW82Znc64DYtD7Vp14YC4qt8mfW5CzG6H6K7l-lW2M5Ny-1-SQ_mW1yv6cg53BVx-W7wSZTf77nSF0VpcRJ_515nyxVSc33S2lq4ztW9kRjFf4h8k0DW83tx2p7HSnVSW7rN87L21R2pLW99xLP66TH2QDW5x0zf74GSPgrW1hf26v8jb3HXN1Ys21R902VgW4bpH-n4HLgzx39Lt1) [LinkedIn](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVc2-MJQV1-WJV7CgZYRW6cGn9Y2pSrGfW1dJsWH5ydKkTW5pNXGM4VHYp8W5Sn3dx7th4ClW22FSd-2HljgPW4lq23T771YBjVjcWZp4gst3qW4swmwn56gDQGN3gy28PKSM_dN8x3NP34R_qBW3-MyXv7-N9znVDqW2m15wGswN7113g7996MqW96yD4P1mSVPSW2CCk2X7NvDflW1XwVfQ1dqzDlW2HwC598RxmxpW7yDP0T73Y7Pj3dlS1) poll: Will Gold be a winner in 2023, from here? 🥇 [Vote here, we would love to know your views 💡](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVQ2-MKpV1-WJV7CgHpjN5hHvf4QY-bzW6wYwTh1ff2TcV3n_Ds6v5HFcW165ZWP3R64QzW2DZMcg6_v5xFW1mJlqS35_0VQW5bX3Jv8txqGVW2BpdQX7gHR_sW5kCf-T8vVPyMW7m7dgT59NvmPW1D2nY_5FTwZZW3jF21N3PcyB3W5HZbbk5lLb7HW8HXBYz58544-W7P2ymZ5NxWPHW35wb266TN7M9W71JNKc4qwhbsW1t6jMc3GhmJbW8b94d09jV-4NW7xnHVz5n3wByN3kxdkHVT-NlW5t9l9F2qg2yh36JZ1) Poll of last week ([here](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxWJ3d409V1-WJV7Cg-PKW7DPbZ01Qdv4WW7mPS_D947LDdW4-pXKj2D2STMW5cJSx07pwCxlW30W6Dz955v-4W6rTCqx29g2fTW5CH-8G9hxrv6VRy1WN40YXV3N8DCL0NdztnrW6Hrw255HVNxlW4y2-bx5MpMHnW1Gb79t6dTL_4W4hQB8655pZj7VpBNxv4dW6yyW7V3_rh1s64GkW5sk52T2jvByJW1Nf67V5SmsxNW57Pmbh47Ys34N3G7ncyhNyB8W2sgf3H8ls7WyW3RTmYB365jN5VH4FY62d9K7MW4GW03-4vrjPrW1NWzM166d5YZT_Pwq48WhL0N77xl1vGK_Z8W4VGqb13rxB2zW4KqDjz9lQT6v3bKy1)): What is your view on the price of oil for 2023? [INSTAGRAM](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxTX2-MJwV1-WJV7CgSWHVHl9cj8Fnk0JW7VL3702GfrjDW1CZWFN8V1wFpW95XCKK7Px10tW8xZJyG1vH4VlW150fdZ4PbGK3W574PW32nHXYbW7CYXf68jj_tCW7lNm4W272pdwN2NXp93hlKvQW4jKmTk7yHZxPW3Jg_g473b8-2W2QHsQh7VPl0dW3l1gT88-rrKkN1RNmnHzW1-vW2F66ly5Q7QMw39jk1)Highlights Let's focus on COMMODITIES in this new series.🛢️⁣ What's in store for 2023⁉️ watch our latest video! Click [here](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxTX2-MJwV1-WJV7CgDyqW8dQRgq1sJlYHVmQLCd51mQBLW1ml7XG3HrW_MN7sm8qyZkSx-V9pZJZ2ZNstwW3qY1C35V8rjfW5wdVfC59tGq9W3-4F9Z27_p1tW2RH62Z5kTnqGW5Lx8RY97z78zW157K4b5Vh_3TW4MDrKh8rz2w2W7WRSG27X_QhbW1WR9px8Y8M0tW3M7Xts1265lNW4phT5P92q7D13mY51)to see our page. [c video](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVc2-MJQV1-WJV7CgVT5W3KgKxX1B53hbW5x3pFK5kDlNLW6c9t994kd7zmW8XYY039gkztnW4yHzR739dQ1_W84_Z496NH0mhW7xRdBS19vS9MW56yWMM7XfP2MW7Bmrj23VV-tvW8jPbsK7TrSYJV-cCFP6njKbzVJ1fCl8dQj-TW1ttK4d5HQNjDVm6Bq61rKvfHW4bstwM8yQS9nW36NdVF2nl2tqW7J4SSm6CKwkcVwHy-w3tkLjZ3pbM1) FlowBank Blog Forex: Oil War to Boost Commodity Currencies [trading 123](113/cXx8Z04/VVP1914NRZstW2Jt4yc8BhnnyW4sKGqD4YYWn5MVmxVc2-MJQV1-WJV7Cg-R9W7rflHK8-Qbv8W8QRBj9989qKLN4KyRCgx4l1TVR8bMh8DF6dGW91bSPl8fQQHkW7NVYY-2s0r25W3wNvn43M7FycW8LJHlB5qPCxSW7sY1fJ5TScKcW3F0fCW3DsswfW3jlLWx3_SLdVV3-76G1nMFvdW5dDfjS17V1CjW2F5gnD5s7jW4N2x6J0KLQTcmW6mD5FX4xC1JpN3yWk2JV6RPrW5_p8qq9kSLcR36gs1) Markets have been on a roller coaster ride. Here are our latest forex trading ideas for EUR/USD, USD/JPY, EUR/CAD and EUR/NOK. 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