CPI gains fade; S&P, Dow decline while NASDAQ rises. Key retracement level crucial for momentum; Tesla, Nvidia gain.
Pound Sterling hits four-month high after soft US CPI; Fed policy shift expected; UK GDP data awaited.
Tiff Macklem remains cautious on tariffs, inflation, weak demand, recession risks, and the Bank of Canada’s stance.
US inflation fell to 2.8% in February, below expectations. Core CPI rose 3.1%. Fed policy remains cautious.
Crude oil rose 1,448,000 barrels, gasoline fell 5,737,000, and distillates dropped 1,559,000; refinery utilization decreased 0.6%.
Consumer prices rise, Bitcoin surpasses $83,700, gold nears $2,940, and major currency pairs show upward trends.
Sellers control EURUSD, focusing on 1.0872 support. Resistance at 1.0936-1.0954 limits gains; breaking higher is crucial.
February 2025 CPI reported at 319.082, below expectations, highlighting a gap between economic performance and forecasts.
Bank of Canada cuts rates 25 basis points amid trade tensions, slowing growth, and persistent inflation concerns.
CPI at 2.8% signals cooling inflation; Bitcoin rises 3%; Gold nears $2,940; GBP/USD targets 1.3000.
Insights 
VT 
