Catalysts & Headlines (CET)

⚡
Eurozone inflation test
Eurozone inflation decides whether the rate path keeps helping banks or starts pressuring broader multiples.
11:00
Central-bank speaker cluster
Central-bank remarks can quickly reprice yields and rotate flows between banks, defensives and growth names.
15:00
US manufacturing risk window
A strong ISM print would reinforce higher-for-longer yield risk, while weakness could cool the rates pressure.
16:00

Economic Calendar (CET)

📅
11:00EUCore CPI Flash Estimate y/yMed
11:00EUCPI Flash Estimate y/yMed
14:15USADP Non-Farm Employment ChangeMed
15:00EUECB President Lagarde SpeaksMed
15:00GBBOE Gov Bailey SpeaksHigh
15:00USFed Chairman Warsh SpeaksHigh
16:00EUECB President Lagarde SpeaksMed
16:00USISM Manufacturing PMIHigh
16:00USISM Manufacturing PricesMed
21:15USPresident Trump SpeaksMed

Key Levels — DAX

📐
LevelPriceType
R325535Resistance
R225390Resistance
R125240Resistance
POC25145POC
Pivot25095Pivot
S124980Support
S224855Support
S324720Support

Overnight Session

🌙
DAX Pre-Market
25145
595
EURO STOXX 50
6328
96
VIX
16.45
-1.20
10Y Yield
4.418
0.044
EUR-USD
1.1405
-0.0017
Brent
72.97
0.05

Market Context

📊
Overall DAX risk appetite, estimated from price action and breadth. Colour = the read: green = risk-on/bullish, amber = mixed, red = risk-off/bearish. Bar = how pronounced the reading is.
DAX Sentiment
Firm but stretched
Index options put/call balance. Heavy puts = hedging/fear; light puts = complacency. Colour: green = light hedging (constructive), amber = balanced, red = heavy protection (defensive). Bar = strength of the signal.
Put-Call
Balanced hedging tone
Shape of the VIX futures curve (VIX9D vs 30-day VIX), computed from live data. Contango (front below spot) = calm; flat or inverted = near-term fear. Colour: green = calm contango, amber = flat, red = inverted/stress. Bar = stress level.
VIX Term Structure
Contango, calm
European equity volatility read (VSTOXX-style; proxied from VIX and price action, since live VSTOXX is unavailable). Colour: green = calm/risk-on (supportive for DAX), amber = mid, red = elevated stress. Bar = strength of the signal.
Euro Vol
Contained but alert
DAX-40 participation - how broad it is. Colour: green = broad/strong, amber = mixed, red = narrow/weak. Bar = strength of the signal.
Breadth
Banks leading higher

Session Playbook

🎯
Bull Case
OrderBuy Limit
Entry25084-25108
Stop24995
TP125217
TP225338
Buy a controlled dip into Pivot while European leadership holds; risk is defined beneath S1.
Bear Case
OrderSell Limit
Entry25228-25252
Stop25341
TP125119
TP224998
Fade a failed test of R1 if buyers cannot extend; crowded highs leave room for a rotation back through support.
TradingView
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