DAXEUR

The German DAX index is preparing to price in the potential effects of this evening's FOMC minutes on global risk appetite and the German GDP data to be released on Friday. Signals that the Fed will maintain a tight monetary policy could trigger a flight to safety in global markets, putting pressure on the DAX. Therefore, today's minutes are important for the index's short-term direction.

• Technical Levels: 24,649.77 - 24,548.49 - 24,452.06 - 24,345.94 - 24,249.51 - 24,142.39 - 24,042.12
• Technical Commentary: Movements above the 24,345.94 pivot could gain strength towards the resistance levels of 24,452.06 and 24,548.49 if dovish signals are received from the FOMC. A hawkish tone, on the other hand, could lead to a break of the pivot level and testing of the support levels at 24,249.51 and 24,142.39.