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In a recent report by FX Empire, US Consumer Inflation Expectations were highlighted as a key data point to watch. However, that’s not all that investors should be monitoring. FOMC member commentary, such as remarks from Christopher Waller and Thomas Barkin, can also impact sentiment towards the Fed rate path.
When it comes to the near-term outlook for the DAX, factors such as German economic data, tariff-related news, and Beijing’s stimulus plans will play a crucial role. Positive signals from Beijing regarding consumer demand-focused stimulus and hints of a December Fed rate cut could boost the DAX. On the other hand, concerns about China’s economy and threats of tariffs from Trump remain potential headwinds for the DAX.
As of Tuesday morning, futures suggest a positive opening for the DAX. While DAX futures declined slightly, Nasdaq mini futures were up, indicating a potentially bullish start to the day. Investors should keep a close watch on economic releases, updates from Trump, central bank comments, and Beijing stimulus announcements to effectively manage risks.
When it comes to technical indicators for the DAX, it’s important to note that the index is holding above the 50-day and 200-day EMAs, confirming bullish price trends. A potential return to 19,500 could set the stage for a push towards the all-time high of 19,675. However, a breakout above 19,675 could pave the way for a move towards 19,750. Conversely, a break below 19,350 could signal a downward trend towards 19,000 and potentially 18,750.
With the 14-day RSI at 55.18, there’s still room for the DAX to climb higher before reaching overbought territory. Keeping an eye on German economic data, central bank commentary, China’s economic health, and tariff-related news will be crucial in navigating the DAX’s movements in the coming days. Stay tuned to the Extreme Investor Network for more insights and updates on the stock market.