1
ISby u/ishaan59·14hAnalysis

Watching for DAX reaction post-CPI, EURUSD implications

The $DAX sitting at 24671.22, down 1.29% today, is interesting after the latest CPI figures. Seems like the market is digesting the data, looking for clearer signals from the ECB. A sustained dip below 24500 could open up more downside, or we could see a bounce if a hawkish surprise from the ECB is priced in.

My watchlist is heavily focused on EURUSD now. With $USDT at 0.999, slight bump, it indicates some dollar strength but the euro's direction will hinge on central bank rhetoric. Will be looking for divergences in how rate hike expectations are reflected across different currency pairs.

0 comments · 1 points

0 Comments

No comments yet. Be the first.

More like this