DAXEUR

Europe's leading index DAX is waiting for the direction of global risk appetite at the pivot level of 23709.50. A dovish decision from the FOMC on Wednesday could boost risk appetite in global markets, pushing the index to resistance levels of 23817.40 and 23902.20. Additionally, if the Eurozone CPI data released on the same day aligns with expectations, it will be viewed positively as it will not create upward pressure on the ECB for an interest rate hike. Conversely, if the Fed adopts a hawkish stance or if Eurozone inflation exceeds expectations (increasing the likelihood of ECB tightening), it could create selling pressure on the index, bringing support levels of 23624.70 and 23516.80 into focus.