GBP/USD is trading at 1.2735, 0.01% up since previous day close. Throughout Friday’s European session, GBP/USD remains weak relative to 1.2850. After the BOE reduced interest rates, sellers took a break despite more weakness in the US dollar. Any increase in the pair before the US jobs report is capped by the prevalent risk aversion. A bearish trend is indicated by the market’s movement below the 50-day moving average. According to a daily chart analysis. 1.2709 is the nearest support, and 1.2860 is the closest resistance.

US 30 is trading at 40134,0.26% down since previous day close. Weak data caused a tremendous rush in the broader stock market, which resulted in the DJIA washing out roughly 1.2%. A few day following a massive surge in Wall Street averages, investors lost heart and sold off their cherished technology companies, bank shares, and consumer equities. Daily chart analysis shows that today’s gap down opening indicates a bearish trend, and the RSI hits 48. 40049 provides a stronger support, while 41158 is resistance.

Silver is trading at 28.97, 1.29% up since the previous day’s close. Early on Friday morning in Europe, the price of silver increased to about $29.00 per troy ounce. The price of silver rises ahead of Friday’s release of US economic data, which includes nonfarm payrolls.  As Middle Eastern geopolitical tensions mounted, so did the demand for grey metal as a safe haven. Today’s market sentiment is bullish. 28.13 is the closest support, and 29.14 is the closest resistance.