EUR/USD is trading at 1.08657, 0.06% up since previous day close. The EURO surged up against the mixed USD as global sentiments improved slightly on stronger than expected earning result of largest chip-maker company, NVIDIA. Besides this, the steady USD ahead of the U.S Jackson Hole Symposium speech beginning from Friday turned out to be positive for other currencies. Earlier, the currencies weakened post PBoC rate-cut move as the bank cut down its Prime Lending Rates lower than expectation. The mixed Euro-zone PMI figures failed to create any major impact on EUR/USD. As seen in the chart, the pair sems to be taking a support of lower trend-line of channel pattern & hence, a reversal phase may be expected on the daily basis & buying may be initiated further.

AUS200 is trading at 7189.3, 0.09% up since previous close. The Asian shares gained the momentum in early trade on Thursday as largest chip-making company, the NVIDIA, issued better than expected results. In Australia, the Flash Services PMI fell to 46.7 from 47.9 in the previous month while the Flash Manufacturing PMI remained steady at 49.4 same as previous figure 49.6. These slightly cushioned the index AUS200. The mixed USD ahead of the U.S Powell speech at Jackson Hole Symposium which is to be held later in this week resulted into positive trading in AUS100. As seen in the chart, the index seems to be reversing up from previous lows which acts as major support level & hence, buying on lower side may be recommended for the day.

Silver is trading at $24.277, 0.11% up since previous close. The precious metals continued to trade on higher side since last few sessions against the mixed USD ahead of the U.S Jackson Hole Symposium speech which is to be held later in this week. The soft USD amid weaker than expected U.S PMI figures led the buying pressure in silver. Earlier, the China cut-down its Prime Lending Rate lower-than expectation which weakened the market sentiments & hence, subdued the silver prices; for China is a major consumer of metals. As seen in the chart, the silver reversed up from major support of Fibo level 61.8 which indicates the strong buying momentum may be adopted on lower side on an intraday basis.