DAXEUR

We have entered a significant period in global markets. The dynamics of inflation, employment, and growth are greatly influencing central bank decisions. This week, we will be monitoring critical developments such as the European Central Bank's interest rate decision in the Eurozone, President Lagarde's speech, and the ISM Manufacturing and Services PMI data from the United States. Additionally, employment data from the U.S. and comments from Fed Chair Powell will play an important role in determining market direction.

When we examine the Dax40 index from a technical perspective, the lower point of the Envelope indicator is passing through the range of 22215 – 22370. The positive trend of the index continues above this region. Sustained movements above 22805 could create a new wave of upward momentum towards the 23000 level. However, if there is a reaction below the 22215 – 22370 range, caution is advised even if optimism persists.