DAXEUR

Global markets had a dynamic start with U.S. President Trump's tariffs on Mexico, Canada, and China. The strong stance of the U.S. Dollar and gold reaching peak levels resulted in pressure on stock indices, while news that tariffs on Mexico and Canada were halted brought some relief. Key developments for the week include the Bank of England's central bank decision and employment data from the U.S. For today, the U.S. Jolts data and speeches from Fed members Bostic and Daly will be followed.

The DAX 40 index continues to be priced above support levels of 21,425 and 21,315. Despite the recent pullback, the index continues to stay above the 21,425 level, which is the 55-period average. In upward movements, the 21,605 resistance is being monitored, and if sustained above this level, the 21,900 peak could come into focus. The RSI indicator is at level 50, displaying a neutral outlook. The index showed a decline of 0.34% during the day. If the downward movements persist, the 21,195 level can be considered an important support.