GBP/USD is trading at 1.3113, 0.23% down since previous day close. Tuesday’s early European trading saw pressure on the GBP/USD exchange rate near 1.3100. For the pair, a generally stronger US dollar and a risk-averse market climate are unfavourable. Traders turn their attention to the US ISM manufacturing PMI data in search of new trade momentum. The closest support is at 1.3108, and the closest resistance is at 1.3202, according to the daily chart analysis. A gap down opening indicates a downtrend for today.

GER30 is trading at 18940, 0.06% up since previous day close. Tuesday’s European stock market was flat as investors awaited a plethora of economic data that would provide additional insight into the monetary policy paths of the US and the euro zone. Gains in industrials were countered by losses in miners. Daily chart analysis shows that the previous day’s candle formed a long-legged doji, a sign of a trend reversal. Additionally, the trend may continue to rise. 18976 is the nearest resistance.

SILVER is trading at 28.41, 0.49% down since previous day close. Early Asian trading on Tuesday saw a decline in silver prices as investors waited for a plethora of U.S. economic data to determine the extent of the Federal Reserve’s anticipated interest rate decrease this month. The pair is positioned within a descending channel, indicating a bearish bias, according to the analysis of the daily chart. A bearish trend is confirmed by the (RSI) being positioned below the 50 level. The nearest support is at 2485.