DAXEUR

Trump's postponement of tariff implementations related to Mexico, Canada, and China has initiated a normalization process in global stock indices. This situation has influenced market pricing behaviors by increasing investors' efforts to recover their losses. The policies Trump has pursued since taking office may lead to increased fluctuations in stock indices in the future. In terms of economic developments, today will see the service sector PMI and ADP private sector employment data, while tomorrow the announcements from the Bank of England and Friday's U.S. employment data will be significant events.

When technically evaluating the Dax40 index, pricing continues above the 55-period average (21447) and the lower point of the Envelope indicator (21327). However, this alone is not sufficient. For optimism to persist, sustained movements above the 21-period average (21590) are required. Under this condition, the 21900 peak may come into focus. Otherwise, downward pressure toward the 55-period average and the 21195 support level could develop. In such a scenario, sustained movements below 21195 should be anticipated for a trend reversal.