Ijaz
WTI price drifts higher to $67.40 in Thursday’s early Asian session. Crude oil stockpiles in the US rose by 1.448 million barrels last week, according to the EIA. Concerns over the US economic slowdown and Trump’s aggressive tariffs on imports might weigh on the WTI. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.40 … Read more
While Wall Street may be worried about the sustainability of AI spending, a BofA analyst thinks gross margins are more crucial to the stock trajectory. Source link
Calavo Growers Inc., a company that distributes avocados from Mexico and California, said Wednesday that it didn’t expect any U.S. tariffs on imports from Mexico to have a “meaningful impact,” on business, although it said they could add extra costs. Source link
GBP/USD middled on Wednesday, stuck just south of 1.3000. UK data remains underwhelming this week as US data takes center stage. US CPI inflation eased in February, helping to cool inflation fears. GBP/USD cycled near recent highs on Wednesday, building a base near the key 1.3000 handle as markets take a moment after US Consumer … Read more
Account changes must be made either online or at a field office starting March 29. Source link
DXY remains muted as inflation slows faster than expected. China and the EU vow retaliation over US tariffs. Ukraine-Russia ceasefire deal under discussion. US Dollar Index stabilizes in the mid-103.00 area. The US Dollar steadies on Wednesday, with DXY hovering around 103.50 as traders digest the latest Consumer Price Index (CPI) data. The February inflation … Read more