GBP/USD is trading at 1.3162, 0.38% up since previous day close. After erratic trading on Friday, GBP/USD opens the week somewhat higher and trades around 1.3150. The US Dollar finds it difficult to generate demand ahead of the (Fed) policy pronouncements, which helps the pair keep its footing. The combination of increasing risk appetite and widespread selling pressure on the (USD) contributed to the pair’s upward momentum. The daily chart shows a good trend. The nearest resistance on the upside is 1.3235.

GER30 is trading at 18649, 0.25% down since previous day close. Before the U.S. (FED) much anticipated monetary easing cycle, traders in Europe’s equity market kept a cautious posture, with many betting on a larger-than-expected rate cut. The week’s data-filled opening session saw European markets open lower.  Traders are getting ready for a busy week full with significant decisions on monetary policy. An consolidating trend is suggested by the RSI touching 51 on the daily chart. The nearest  support is 18179.

XAG/USD is trading at 30.98, 0.20% up since previous day close. Silver reached a two-month high of around 31. Growing assumption that the US Federal Reserve would choose to implement a massive rate cut of 50 basis points at its upcoming monetary policy meeting is what is causing the non-yielding Silver to prolong its upside. Because of declining Treasury yields and a weaker US dollar, silver demand is increasing. When examining the bigger picture, the market is seen favorably. 31.43 is the nearest resistance.