DAXEUR

The DAX index is at a pivot level of 23610.86, awaiting US data and Fed Chairman Powell's speech that will shape the global risk appetite for the week. If Powell delivers dovish messages that reassure the markets in his speech on Tuesday and if the PCE inflation data on Friday comes in soft, it could increase risk appetite in global markets, moving the DAX towards resistance levels of 23703.70 and 23792.70. On the other hand, if Powell adopts a hawkish tone or if inflation comes in high, it could create selling pressure on the index due to concerns that interest rates will remain high for a longer period, leading to a test of the support level at 23527.33.