DAXEUR

This week, U.S. data and Fed messages that will affect global risk appetite will be at the forefront for the DAX index. In particular, the FOMC minutes on Wednesday and the U.S. Core PCE data on Friday could influence market interest rate expectations and have an impact on the DAX. The CPI data from Germany on Friday will also be monitored for the inflation outlook in the Eurozone. At the beginning of the week, due to holidays in the U.S. and the United Kingdom, low volumes in global markets can be expected. Technically, the pivot level is 23641.98. Positive economic data from the U.S. and an increase in global risk appetite could push the index to resistances of 24016.75 (D1), 24517.48 (D2), and 24955.23 (D3). Data that falls below expectations could test the supports of 23141.25 (S1) and 22766.48 (S2). The technical outlook is positive.