DAXEUR

The DAX index, an indicator of global risk appetite, will determine its direction entirely based on the inflation data coming from the US. A "hot" inflation report would increase concerns that global interest rates will remain high for a longer period, leading to selling pressure in the stock markets. In this case, the DAX index could break below the pivot level of 24045.34 and head towards the support levels of 23838.29 (Support 1) and 23743.75 (Support 2). If the data comes in line with expectations or lower, indicating a decrease in inflationary pressures, it could increase risk appetite and trigger a rally in the index. In this scenario, the levels of 24139.87 (Resistance 1) and 24346.92 (Resistance 2) would be targeted.