12:16, 10 September
We left behind a day when the ECB monetary policy decision was monitored and the reaction was mixed. Following the decision, ECB President Lagarde made comments that the pace of net asset purchases would slow within the scope of the Pandemic Emergency Purchase Program, while also declaring that inflation and growth forecasts made in June had been revised after the decision. In the statement presented, the inflation target for 2021 was 2.2% (previously 1.9%); Growth in 2021 was 5% (previous: 4.6).
After the industrial production data, which was released above expectations in Germany on the new trading day, a receptive trajectory was observed in the DAX. From a technical point of view, while a continuation of the horizontal movement is expected in the 15,700-15,815 region, it can be viewed as a resistance level of 15,925 in a possible upward move.
- Resistance: 15,700 – 15,815 – 15,925
- Support: 15,550 – 15,445 – 15,335