GBP/USD is trading at 1.2764, 0.07% down since previous day close. Through Tuesday’s Asian trading hours, the GBP/USD pair is trading with slight losses close to 1.2770.  A weak PMI reading might make it harder for the USD to find buyers and sustain the GBP/USD exchange rate.  The RSI reaches 40, according to the daily chart analysis, indicating that sellers are trying to maintain control over the movement of the GBP/USD. Resistance is at 1.2816, while the nearest support is at 1.2708.

US 30   is trading at 39050, 0.45% up since previous day close. US markets declined due to risk-off sentiment. Wall Street fell from near record highs over the past two weeks due to fears of a sharp slowdown in economic growth following a series of disappointing purchasing managers index and labor market readings. The market is in an oversold zone and has traded below the 50-day MA, indicating a bearish trend, based on daily chart analysis. Closest support is 38866, while the closest resistance is 40260.

SILVER is trading at 26.89, 1.38% down since previous day close. The price of silver is still low; on Tuesday during the Asian session, it was trading at about 27.20 per troy ounce. The broad selloff in financial markets caused by growth fears in the US has diminished the metal’s appeal as a safe haven. Technical analysis indicates that the market is in the oversold zone, signaling a negative trend, based on RSI. 28.65 represents resistance, and 26.48 is the nearest support.