GBP/USD is trading at 1.3108, 0.16% up since previous day close. Focus is on the speeches by Fed Chair Powell and BoE’s Bailey as the GBP/USD pair continues to rise beyond 1.3100. The USD is being weakened overall by investors’ belief that the US Federal Reserve would begin loosening monetary policy at its meeting in September. Based on the daily chart, it appears that there are predictions for the uptrend to continue. At 1.3073, there is support, and the nearest resistance is 1.3131.

GER30 is trading at 18526, 0.44% up since previous day close. Friday was the third straight day of advances for the German DAX, which increased by 0.3% as investors around the world awaited U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium. Potential cues about upcoming monetary policy are what investors are concentrating on. A gap up opening or an RSI touch of 62, according to the technical perspective, indicate an uptrend. Nearest resistance is 18551, and nearest support is 18313.

SILVER is trading at 29.24, 0.89% up since previous day close. In Asian trading on Friday, the price of silver rises above 29.00 per troy ounce. In the North American session, silver prices continue to rise in anticipation of US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium. Powell might give a speech discussing the likelihood of US interest rate reductions. With a 58-point retreat, the RSI indicated an advancement. 29.66 and 28.75 are the closest points of support and resistance, respectively.