EUR/USD is trading at 1.1192, 0.12% up since previous day close. Following advances in Wednesday’s early European trading, the pair is currently trading near 1.1200. The combination of China’s stimulus-driven market confidence and the US Dollar’s prolonged weakness due to big Fed rate drop bets strengthen the pair ahead of Fed speech. Technically speaking, a persistent increase above 1.1200 will be viewed as a new catalyst by optimistic traders and open the door to further rises. 1.1203 is the closest resistance.

US100 is trading at 19876, 0.47% down since previous day close. Mining stocks surge on China stimulus boost, driving Wall Street higher in the end. After a Conference Board report showed an unexpected drop in U.S. consumer confidence in September, fuelled by growing concerns about the state of the Labor market, the indexes initially pared gains.  The technical picture indicates that the market is in an overbought area. If it breaks, the nearest support is 19629; if it doesn’t, reach for 19289.

SILVER is trading at 31.76, 1.05% down since previous day close. As investors flocked to safe-haven assets due to mounting Middle East tensions, silver saw a more than 5% increase on Tuesday, hitting levels not seen since late May.  The world’s largest metals market, gray metal, sees a decline in price as traders reassess the efficacy of China’s stimulus programs aimed at substantially boosting its economy.   The pairs moved within a range of consolidation. The closest support is at 30.57, while the closest resistance is at 32.53.