GBP/USD is trading at 1.3374, 0.05% down since previous day close. During Tuesday’s European trading hours, the GBP/USD pair is trading weakly beneath 1.3400. Prior to the US ISM Manufacturing PMI, JOLTS Job Openings, and Fed speech, the US Dollar is supported by Fed Chair Powell’s less dovish comments and cautious attitude. The previous day’s candle forms a doji, which indicates a trend reversal, based on the examination of the daily chart. The closest support on the downside is 1.3304; if it breaks, go to 1.3238.

US100 is trading at 20067, 0.24% up since previous day close. The major indexes on Wall Street were neutral as investors took a breather following a week of gains and proceeded with caution in front of multiple job reports. Following Federal Reserve Chair Jerome Powell’s most recent address, strategists at Goldman Sachs repeated their forecast that the central bank would decrease interest rates by another 25 basis points in 2024. The daily chart shows that the index moves inside a range that is consolidative. 20344 is the closest resistance.

SILVER is trading at 31.43, 0.92% up since the previous day close. Silver sees some encouraging movement on Tuesday during the Asian session.  The chair of the (Fed) downplayed expectations for more significant rate reductions this year, with investors looking to this week’s labour statistics for additional clues. Reduced central bank demand from lessening geopolitical tensions is one factor that could limit gold’s potential gains following a major price surge. For now, the trend is encouraging. 31.85 is the closest resistance.