Catalysts & Headlines (CET)
UK CPI Holds in Line
Inflation matching forecast keeps rate expectations steady and limits fresh pressure on European equities.
08:00
Lagarde Speech in Focus
Any shift in ECB tone can move Bund yields and cyclicals during the European session.
09:45
US Political Commentary Risk
Late US remarks can swing Treasury yields and risk sentiment into the close.
00:20
Economic Calendar (CET)
08:00GBCPI y/yHigh
09:45EUECB President Lagarde SpeaksMed
00:20USPresident Trump SpeaksMed
Key Levels — DAX
| Level | Price | Type |
|---|---|---|
| R3 | 23250 | Resistance |
| R2 | 23150 | Resistance |
| R1 | 23080 | Resistance |
| POC | 23010 | POC |
| Pivot | 22950 | Pivot |
| S1 | 22890 | Support |
| S2 | 22820 | Support |
| S3 | 22720 | Support |
Overnight Session
DAX Pre-Market
23013
359
EURO STOXX 50
5656
75
VIX
25.65
-1.30
10Y Yield
4.328
-0.064
EUR-USD
1.1583
-0.0024
Brent
95.09
-9.40
Market Context
Composite sentiment from institutional positioning, options flow, and retail surveys.
DAX Sentiment78
Put/Call Ratio — above 1.0 = hedging/fear; below 0.7 = complacency.
Put-Call58
Front-month vs back-month VIX spread. Contango = calm. Backwardation = stress.
VIX Term Structure54
Euro currency implied volatility. Rising = ECB uncertainty or macro stress.
Euro Vol63
% of DAX 40 constituents above 20-day MA. High = broad trend. Low = rotation risk.
Breadth72
Session Playbook
Bull Case
| Order | Buy Stop |
| Entry | 23085-23110 |
| Stop | 22945 |
| TP1 | 23150 |
| TP2 | 23250 |
Breakout continuation above the intraday high with momentum still supported by lower volatility.
Bear Case
| Order | Sell Stop |
| Entry | 22880-22895 |
| Stop | 23025 |
| TP1 | 22820 |
| TP2 | 22720 |
Failure back below the pivot would signal a fast mean-reversion from overbought intraday conditions.
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