EUR/USD is trading at 1.1141, 0.39% down since previous day close. Early on Wednesday in Europe, the EUR/USD pair is losing momentum below 1.1150. In the face of renewed demand for US dollars, the pair continues its decline from year-high levels as risk appetite wanes ahead of Fed speak and Nvidia’s earnings release. In summary, as long as the pair maintains above the pivotal 50-day MA, its upward trend should hold.  Around 66, the (RSI) appeared stable. 1.1096 is the closest support.

US 30   is trading at 41281, 0.05% up since previous day close. Heavyweight technology stocks are still shaky ahead of Nvidia’s earnings, which are expected to provide further clarity on the AI trade. The Dow extends its record closing run ahead of the company’s results. Analysis of daily charts shows that the market is rising above the 50-day moving average, indicating an upward trend. The nearest support is 40780, and the closest resistance is 41457. If it breaks, it will hit 41770.

SILVER is trading at 29.47, 1.69% down since the previous day close. In late August, silver plunged to about $29.5 an ounce. Prior to important US inflation statistics that could affect the likelihood of interest rate cuts by the Federal Reserve, the dollar strengthened. This week, dovish remarks were made by Fed officials, who also cautioned about growing threats to the labor market. A downtrend is indicated by a gap down opening. The nearest resistance is at 30.21, while the closest support is at 28.98.