EUR/USD is trading at 1.0848, 0.16% up since previous day close. EUR/USD has slightly recovered after a 10-week low, but the outlook remains bearish due to expectations of more interest rate cuts from the European Central Bank (ECB). The ECB reduced its Rate on Deposit Facility by 25 basis points to 3.25%, the third of this year. The ECB is also concerned about economic growth and inflation control. The US Dollar has outperformed its major peers due to market speculation of another interest rate cut in November.

GER30 index is trading near 19647, US small-cap firms have seen a boost in their performance due to an improving domestic economy outlook and optimism over earnings growth. The Russell 2000, a domestically focused index, has risen 4% since October, reaching its highest since late 2021. The S&P 500, a large-cap index, has only risen 0.9%. The Russell 2000 is expected to grow 38.7% in Q3 compared to the previous year, supported by positive earnings from small-cap finance stocks.

SILVER is trading at 32.218, 0.39% down since previous day close. Silver prices surged to $32 per ounce, a two-week high, following a gold price rally. Uncertainty around the US election and Middle East tensions boosted demand for precious metals. Market predictions favor Trump’s win, while positive economic data in China and the European Central Bank’s third rate cut. If it surpasses the important level, then it will continue it’s rally to touch the all time high zone.