EUR/USD is trading at 1.0910, 0.18% down since previous day close. In European trade on Wednesday, the pair is under pressure around 1.0900. Over the long term, though, the US economy appears to be exceeding its counterpart in Europe, a development suggesting that the Greenback is merely temporarily weak. A gap down opening was observed today, indicating a bearish trend, according to the daily chart analysis when the RSI reaches 60. 1.0901 and 1.0964 are the nearest supports and resistance, respectively.

US 100   is trading at 18185, 0.99% up since previous day close. The theory that the economy is about to enter a recession is refuted by U.S. central bank policymakers in response to July’s jobs numbers, which were worse than anticipated. According to the chief investment officer of HSBC’s private bank, the steep decline in tech equities has made it possible to invest in lucrative businesses for less money. For now, the market outlook is optimistic. 17252 is the closest support, and 18392 is the closest resistance.

XAU/USD is trading at 2392, 0.08% up since previous day close. Due to the dollar’s renewed strength and rising bond yields, gold fell below 2,390 an ounce on Wednesday, continuing its decline from the previous session. Nevertheless, the Federal Reserve’s numerous rate cuts that were anticipated in response to the negative US economic data maintained the metal’s positive bias. The market perspective is neutral for today as the RSI is currently at 48. The closest support is 2363 and resistance is 2418.