GBP/USD is trading at 1.3183, 0.07% up since previous day close. Near 1.3200, the GBP/USD pair consolidates. In light of the US Nonfarm Payrolls report for August, which may have an impact on the Fed’s rate forecast, market players avoid taking on significant holdings. As U.S. jobs data is released on Friday, the currency is tracking lower Treasury yields. The RSI stabilizes at 64, indicating an upswing, according to the technical approach. 1.3264 and 1.3088 are the closest points of resistance and support, respectively.

US 100 is trading at 18819, 0.48% down since previous day close. BCA Research strategists warned that the recent sell-off in chip stocks would not be done, citing the risk-reward profile of semiconductor companies as “unattractive,” particularly for high-end and AI-chip producers. Chips related to AI are in high demand, which is boosting sales. A downtrend is shown by the market’s movement below the 50-day moving average, per the study of daily charts. The nearest helpline number is 18530.

SILVER is trading at 28.88, 0.23% up since previous day close. With the dollar declining due to bad US job market statistics, traders priced in more aggressive interest rate cuts from the Federal Reserve, pushing silver closer to a one-week high of 29 per ounce. However, the likelihood of a US recession as well as unrest in China’s top consumer economy kept pressure on commodities prices. The RSI reaches 41 on the daily chart, indicating a consolidative trend. 28.19 is the closest support.