AUD/USD is on track to test the 200-Day SMA (0.7152) for the first time since June as it clears the opening range for August.

U.S. stocks soared on Wednesday on positive market sentiment after U.S. inflation data surprised to the downside, easing pressure on Fed to continue raising rates aggressively.

Bitcoin, Ethereum, Solana and alt coins rose sharply despite shocking results for Coinbase. Can the uptrend hold along with US stocks?

Softer US inflation data has allowed risk assets to move higher allowing the Dow Jones Index to recover June’s losses. UK earnings overshadow market conditions.

The index bounced following better than expected inflation print from Germany and the US, easing concerns on potential Fed Hikes

The US consumer price index slowed to 8.5% year-on-year in July, down from June’s 9.1% reading, due to a sharp drop in energy costs, a sign that the inflation outlook is slowly improving.

Tesla CEO Elon Musk sold 6.92 million Tesla (TSLA) shares in a move to prepare for an ‘unlikely’ forced purchase of Twitter

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