AAVE- 137$ Or Higher

(Reuters) - Wall Street's main indexes rose more than 1% on Wednesday after data showing a slower-than-expected rise in inflation in July prompted traders to cut their bets on a third straight 75-basis-point interest rate hike in September.

U.S. consumer prices did not rise in July compared with June, marking the slowest monthly inflation in more than two years, as fuel prices dropped.

The market is now pricing in a 37.5% chance of a 75-basis-point increase in fund rates at the U.S. Federal Reserve's next meeting in September, compared with 67.5% before the data.

All the 11 major S&P 500 sectors advanced in early trading, with consumer discretionary, information technology and communication services gaining between 1.7% and 2.6%.

"The sign of slowing in the rate of inflation offers hope the Fed's rate increases won't need to go as far as previously thought," said Mike Owens, global sales trader at Saxo Markets.


Markets rise, Bitcoin and good Alts follow.

AAVE is Professor's favorite Defi: off to 135-137$ should be happening next.

Support at 110$ and a bit lower at the end of ascending channel.

One Love,

the FXPROFESSOR