Tesla deliveries ☕ Stocks gain 📈 FOMC, Macro data🔍 EURUSD x Eu CPI 💶 Oil outlook 👀

FlowBank's hand-curated fresh financial news [header_noDither] 03.01.2023 Good morning & Happy New Year FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [Tesla main] Tesla reported 1.3 million deliveries in 2022, on Monday, a growth of 40% over last year. However, fourth-quarter delivery numbers fell shy of analysts expectations. In its third-quarter shareholder presentation, Tesla wrote it expects to achieve a 50% average annual growth in vehicle deliveries over a multi-year horizon. Shares fell 37% in December. [Start Trading](113/cXx8Z04/MXgls9vJkMwW5V2zG-1lwPKmW28qdJZ4VkXP8N6-TNZr2-MK5V1-WJV7Cg-ffW8DJkLR1RP1wmVnzb5280mSy2W34Q3Q02qHpzVW4SVbXW5mpxSLW6-BhTV9h1Y6XW3d1Swm1M0r3kW7Ktb7n97l722N1k1T0TzM-62W6yrGzb8TsmW-W4ylDrs5hMlrgW6vRXcl1DyDCNW6gP8TW9b-9MQW2DnDdx6w7L64W4f2g2s4bV55XW8Lc_Z050yLnTW4_W2LY5NsD2bW6NNzf37-j4N0MrSKrkjLkXkW1MnRR51f4b61VRqNTc2pyNDk34bT1) Trader's Corner In focus this week • The year begins with big US macro events including FOMC minutes, manufacturing ISM data, and JOLTs report, all on Wednesday. It will offer perspectives on Fed monetary policy and strength of the US economy. • EURUSD could see some volatility on Friday with Eurozone CPI, US services ISM data and jobs report. Nonetheless, an improvement in risk sentiment could also help lift sentiment in the euro. • After gaining 65% at one point in 2022, oil closed the year up just 7%. Traders worry that the global economic slowdown and Covid wave from China could weigh on global demand. Technical support for WTI can be found at around $70pb. Economic data this week • US FOMC minutes, ISM Manufacturing PMI and JOLTs Job Openings (Wednesday), ADP Nonfarm employment change, Global composite / Services PMI (Thursday), Nonfarm payrolls, unemployment rate, hourly earnings (Friday) • German CPI, unemployment, factory orders, retail sales • UK PMIs Earnings this week • Constellation Brands, Walgreens Boots, ConAgra Foods, Lamb Weston Holdings • Sodexo Crypto • Bitcoin and Ethereum closed 2022 down 65% and 68% respectively. On the positive, contrarian buy signals are forming with sentiment extremely bearish. For instance, JP Morgan analysts predict Bitcoin falling to $13K, led by "a cascade of margin calls". • While Ethereum is yet to benefit in terms of value from the recently launched proof-of-stake merge, in 2023 ETH could continue to track Bitcoin with more volatility. ETH could either fall back to 3 digits or it could begin a new bull market if financial conditions improve. [Perf table 2022] [Start Trading](113/cXx8Z04/MXgls9vJkMwW5V2zG-1lwPKmW28qdJZ4VkXP8N6-TNZr2-MK5V1-WJV7CgXXKMWYYJvsJ0zNW39gsBc8QrCgBVTH3xX5sj1qFW7_cXmN75F9shN7Btq9PVKLgkW6-M9Y425H-GsW85VmF78kJ3sJW5dqzJn8WrXgdW7B4pbZ3PFtnKW3ttNK96V1r1bW53mgnc8w7Qw5VYK42f41mQtsW8gV3wf8CVDY1MLHNn-M3VGwVN68yr40CyGFW1StBGQ6S70KgW1nvTtd327jsxW6T3TKK7RqlDbV38GCn73v5gBW4XmGFX6yLHMR37QB1) Market Recap Stocks traded with high volatility and thin volume on Friday, the last day of the year, with the Nasdaq 100 losing more than 1% at one point, only to finish up 0.4% in after-hours. Sentiment remains poor but stocks are entering the year overall in modestly oversold territory. Investors eyed climbing bond yields with yields on 10y Treasuries closing at 3.88%, its highest level since mid-November. Oil managed to hedge up to $80pb for WTI. And gold remained steadily above $1'830. This morning, S&P500 futures are slightly higher on improving sentiment after last week's selloff. And European gas prices are down to their lowest since the Ukraine war began, helping alleviate inflation fears. Chart Of the Day Stocks tend to do well in January as investors tend to make new investments, and as the end of the year tax-loss harvesting comes to an end. But not always, particularly in times of central banks tightening. [Jan perf](113/cXx8Z04/MXgls9vJkMwW5V2zG-1lwPKmW28qdJZ4VkXP8N6-TNZ72-MJQV1-WJV7CgZYGW3h88KP1gzDSyW16CXhX516Py7W90g84r4HmZwWW2jBj_d3sCtj1N2JFLSZTzvJPW7x-BYK6tV3-hN4wstCW7pGLnW3Q-mrt8CFH59W644JG57w6BR-W1z_4Ps2wkjdpW5Lvr-b2D21YwW74xkz55ZXFN1W25NhQG4K40FJW11VLr05BBdLYVpfdHR4H2p4-W294Wzk6TSvDcW5HVKCL7P1xXgW1fzQtt3qC1_p3q5h1) FlowBank Blog Is a crypto rebound coming in 2023? [crypto main](113/cXx8Z04/MXgls9vJkMwW5V2zG-1lwPKmW28qdJZ4VkXP8N6-TNZ72-MJQV1-WJV7CgPFpW4TTjdj7Hx7GWW52N1vL6rDR8sW2TBtRm8vtFKGW1cSM9C3gCC9-W4fd8Bw4hNsV4W74tZvy6JF-8vW2l1NpW5gsTBdW8g7Hkh58xQ2PN5s3kRlkJm3SW1yTpcq5dhj-3W50tgrl2jMn3nW5ZpjWT9cp4W2W257JlL4HXF29W6qlLgT2hzts6W8Vhwxr4CJW7qW1v5BSF6LkRJFN10w73XKl3ZxVSD_dq3hKMKF38Vp1) The crypto bear market this year has so far shown little sign of ending, especially with the collapse of FTX. Does it get worse, or will 2023 bring some green shoots? 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