DAXEUR

The German DAX index is hovering around the pivot level of 24487.34. The FOMC minutes released yesterday showed that Fed members have differing views on the interest rate cut path for 2025, with some members believing that no rate cuts may occur at all. This uncertainty could affect global risk appetite. Since there are no significant data points on the economic calendar today, monitoring technical levels takes precedence. If the resistance at 24546.07 is broken, the levels of 24709.52 and 24820.61 could be targeted. In downward movements, the support levels of 24323.89 and 24265.16 will be monitored. A cautious trend may be observed ahead of next week's ECB meeting.