Dollar General's gloomy outlook 🛍️ Debt ceiling bill passed 🇺🇲US NFP 💼 OPEC+ meeting 🛢️

FlowBank's hand-curated fresh financial news [header_noDither] 2.06.2023 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [dollar-2] Dollar General plunged almost 20% after Q1 earnings missed forecasts and after it slashed its full-year outlook. The discount retailer warned that consumers are reining in discretionary purchases, prioritizing low-margin essentials amid the pain of higher prices. This is a trend that is being seen across the sector. [Start Trading](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0sp2-MK5V1-WJV7CgQ_lW2-Gfdt1RLCbxVtGXlq7MYqD_W37lLV144-nVKV7ZwFN3jSK2KW83RwSP7kp3MQW3JPcpZ1ZMsgyW6vCx5Z6_f4-9W23Fhp38M06bcW3S1x131QsmFSW8Ysd4T5zyvKWW6RhrDb1dp-qjW3s1fKl6LYjqCW2t1f8D5t-38WW5nLMqW9h73T9MNDM-yW33f7V6vxl98B02lcW4mr1wJ3KmMCfW5pJPT41195xmW3FmB-M8MkGfnW8YjmTB1fcq3Y3l_m1) Trader's Corner In focus • Gold is on track for its best weekly gain since April. Attention is on the NFP report. A strong report could boost hawkish Fed bets & pull Gold lower. • BTC/USD posted its 1st monthly loss in May, while the Nasdaq100 surged over 7% on AI hype. BTC -Nasdaq100 correlation coefficient has fallen to 0.2 from 0.8 in May '22. Economic data • US non-farm payroll Earnings • N/A [Start Trading](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0sp2-MK5V1-WJV7CgzNKW7Bl0W73gNxVMW43mDbr1-h96rW1zj1Jv5ndrjQW6C6p593mXNTVW8LD8RB27WBv7W1mXqHW5Q642bW8_zTc695bLTmV7pxFS5r9f89W4rgwQM6G9qy6W99qWcn1Ty89VW6YlThL7JdxXSW4lR2TY1V0RnnW7Tl2NR1PCbh_W3rC_5J8H29b2W8Xx1ld5CTxMkVK9Qf57bgvszW8_h-KX8Yw2X8W8Yvf1c6w6gVYW19myHf5F2-mZW5LgqdK7T-mY734RN1) Market Recap European bourses rose on Thursday, recovering from a 2-month low. Upbeat Chinese factory data and cooler-than-forecast eurozone inflation helped to drive gains. US stocks started the new month on an upbeat note, as investors cheered progress on the debt ceiling bill and digested a mixed bag of data. While ADP payrolls & jobless claims were stronger than expected, ISM manufacturing contracted further. Today, futures are rising after the debt bill clears Congress. Attention turns to US NFP data, which is expected to show solid job creation. OPEC+ also meet this weekend to discuss oil output. Chart Of the Day Oil has started the month of June on a strong note. It could well rebound in the summer months as demand picks up. Recent price action has been led by piling up stockpiles and a divide within OPEC members, but traders may want to show patience and not give up on upside potential just yet. [Oil 01.06.2023](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0s52-MJQV1-WJV7CgMY6W96yw5R4qnY7QW9bvxxN4Jh4mlW1K-TWh5yZc-hW6mLjT24zczb7N7kT1B0Y5lZwTjlwv43CMSQW7BkL7z2X1m-RW52Twyg6xkYBMN4JrL6HMqwS_W4chlkl3MyZzhW7g-JpL8rLhLxW7Z2n0T843FVgN2W2z43yK_z3N4hQSvnRCD1_W7qlKvt15JdcFW4K_GCL6yldc5VzfVmP8FQb5lW8ngyw87C0W5T3qtg1) [LINKEDIN](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0s52-MJQV1-WJV7CgMXvW6tCGvf5WJFMkVbQQsG2vFM8wN4-S3xw63DXyW54qsbT2gjrnMW1qdd-16xbzllF5ZtDfjkdkhW3lfspb2SGQrQW78-gqX3FXyXtW5Fm4WV5p4gH4W3CJHmz5fJlQnW6c-8Km9389pjW7dcvBC7lspkjVrcz722JjnqdW4NBVqv5J0mHqW2JhXXB3w6rh6W6xTJrm4PkvLBW97kjpz6_wRPrW4V9h4b8jPcTt37gX1)Highlights Oil re-tests March lows in 'flash crash' fashion 📉 🛢 Traders doubt Russia reduced output as planned. Demand worries continue to weigh on the black gold. And oil prices fell sharply before rebounding, in a sign of thin volumes. Click [here](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0sJ2-MKpV1-WJV7CgPBrW84sGQC20yT-vW7KK5p4637DpjN740HLSXBN8HW4GWpBX8xcZpZW8h1QHw2X9JQ_W1kKstl99bJVRW6D73c85znhHhW2Kyc6d5Q0b9VW8d4Wjc4cMGz_W47Qc1G19nn7hN16vqW9q9JnzV_whp616M0c4W25CtmW2-G4pDW5gkXCD4R5hGLW2xHxKd2bWPzNW1K0LrG3w0R21W8RX-XT2gz06lW5-cvrW5mCjvgW82f7by5B3F_5M4BpRljWrKmW6NPvtF1-x5_4N16cy3cRdm6B24h1)to read more. [WTI Crude oil - 28042023](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0s52-MJQV1-WJV7CgP47W873rqH375gzPVs-l9l4wsb5QW94yCBC4M90KCW25TVYH3fQQd3W6bFDN52vTyMBW2wZSwX6yDrZ0W5P8YT76xZpDlW6LGTPc8jv2jFW7VN8dy59jDHvW9bTwhz679HKkN8MJgx3HjsNVW1wN9g06y4kPlW4wkYlB186d8JW2wmxvw13qZTbW8Hshrb6F1d1wW6T3_hW2mYDL3W85wbC15xfG9_W4-Ypzs95FGNq327Y1) [LinkedIn](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0s52-MJQV1-WJV7CgV_LW7TdY_B5Q6JbKW9g6k4R5x8n8CW4qrYfc6D6q44N8JfBG2db6nKW8nb6TH5jLyd3W1xPRmt9d4NKBW6lcpWq668nM_W8PLp-Q62XC-dN8RLBhk4Q1wNVDCcTP4rwSTGN6gcw1_KHjNKW8FyjZy6qWTPNW4BVfCt5j0ZY2W8w5fFr7c8mg_W3NV2fY4QnV3gW3CX4p76Y_nD6VZbH104Kvld4TJp_K8yfQ6L3fvy1) poll: How will the US debt ceiling affect stocks❓ [Vote here, we would love to know your views 💡](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0sJ2-MKpV1-WJV7CgLSPW6nMpr-7Gym2nW8J1s9h5YdZWbW376DFf7HH2hCW7H1vlh25TNC0W96JKsN3NsQ4qW2kvZNm7d7bmDW8yybP320R9ypW8P4SS94-d6vkN63j29XCnXWJVSv7hX6vtF56W12xH5y9fXss9W4mkyFG5kv1ybW8H8ccc77kM_xW6MG4Ky8MJZhnW6_vJ-42VkX0PW1xJfQN1n7CHDW1FbJBY973xW8W5JXl6-8phcXGW8dFPbY5DwZCwW5vd_wt7LcYYcW6wT6cS85PrdHW9bXX403hKpVm3ksw1) [INSTAGRAM](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0rQ2-MJwV1-WJV7CgMNBW5M4cdV2Xw-nNN6h6VksrbYtMW1ymZyS7fm-MsVnQZTF5fy6J-W80W4cX66PjSxW7rd39V1ymK1_W3dm2b-3h1Ry8Vl_Bfx6bkvPsW2Zk7hC1rvV_dW6tWRTj1dsQFfW8Zlrh46L1ncFW86bgLv3HgJQyN6651TnWxGtYW2cjPmd12mL7TW8NDjYx4dBvy1W90grgk4L0zdq3kmP1)Highlights How to manage risks?⁣ 📊 Click [here](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0rQ2-MJwV1-WJV7CgJDwVzjTSw30jnMYW7nZXSf70hbPxW8l2Dw26qp554N5D5cFDP8ny9W4wdN8N6cqWsXW2_1mgQ1NVZRMN1y4dP67c7ppW3k88507rcyDzVqjbrN7BY6pKW1M-lFW8H5l3jW17YhT_9ltp3MW6MhjRM7gQWwHW8W4q8k2w5_PZN4vw9qkFZrx9V1Pjyh68BjbnW2qZtgN9blP6B32bZ1)to see our page. [How to manage risks](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0s52-MJQV1-WJV7CgM_TW8N4wQv5LyF6WW3wRsPd3wFmL4VmDd4B2hr5tRN8g9gy9FMkFcW17kDyH5TMVKWW1GD7b921bg7bW6D5gYc4CnG9nN5GLl7RdMTZ3W8gHVVp6FfcTtW44tppt8Cz7kGW1NQ-Ww5FzP-CN28yb_bqJhtjW87CsP043dXllN2vgHBsJ1cTFVNP8z68Nw1GTW84vJ5b6H37HMW6Q96CV3yFrf1W3-h4t75_r4LY3lRm1) FlowBank Blog Forex trading: King Dollar is Back, Fed in Sight [LinkedIn-article-Dimitri](113/cXx8Z04/VWD9KJ5WYjXCW9bHyNz7N7jcgW54fY-N4_hmryN1FQ0s52-MJQV1-WJV7CgHHBN7jZCWL4z2lwW7qYgQ88QYRWFW3-B0h58-d5NBW7P_Yb94PDVxWW8CQ2mq6tZ7rsW6dQmhS2Pz646W30N0GD6wX1T4W63HtdW6DMFPJW2-gz72200cwPW8f_Jzs2_DFNTW5P4p7D8G5WpXW5_96bw2yY9dtW4zr5Qd1T8d5-W1zPxMH7Y75pmW4s5cDJ5lGQn-N3LnKNj1XWKqW8lhxbf4VqGslW8TwYY_8vGxTQ3k0f1) The US debt limit agreement and worries of another Fed interest rate hike are the main focus of markets. 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