DAXEUR

Recently, concerns about a recession alongside increasing scenarios for interest rate cuts by the Federal Reserve (Fed) gained traction after February inflation data fell below expectations. The Fed's decisions on March 19 will be a key focus in this matter. European Central Bank (ECB) President Lagarde indicated that external shocks could impact inflation, while the possibility of a quarter-point rate cut for the April meeting remains in the swap market, although the ECB is cautious about this.

The DAX40 index displayed a sideways trend this week, with a significant struggle over whether the declines have ended. From a technical perspective, the Envelope indicator critically marks the levels of 22370 and 22830. The index shows a neutral outlook between these levels; persistent developments outside this region are needed for clear movements. Otherwise, the trend of consolidation may continue. Key levels: 22370 and 22830.