DAXEUR

As global stock markets continue their recovery efforts, the Dax40, which has drawn attention since the beginning of 2023, is reassessing peak levels with its positive pricing. Ahead of the ECB's critical interest rate decision and President Lagarde's speech, the index is approaching its summit once again. Hints regarding a possible interest rate cut from the ECB today and the potential impacts of Trump tariffs on the European economy are crucial for the performance of the Dax40.

From a technical perspective, the positive trend above the range of 22830 – 23000, representing the lower point of the Envelope indicator, is ongoing. In this context, a movement towards the levels of 23250, 23355, and 23450 is expected. In particular, sustained movements above 23355 could increase bullish expectations, leading to a quest for new peaks. Otherwise, a reaction towards the critical zone may be observed.