Dax

DAX falls as trade uncertainty keeps sentiment weak. USD/JPY falls as US-China de-escalation hopes fade.

GBP/USD rises to 1.34 on USD weakness in the sell America trade. The DAX falls as Trump attacks Powell, hitting risk sentiment.

DAX rises ahead of the ECB rate decision. GBP/USD eases back from a 6-month high as USD rises.

GBP/USD rises after Trump’s U-turn & ahead of US CPI. DAX rebounds as risk assets recover but gains could be capped.

After a brutal three-day selloff—the worst since 2020—global equities showed the first significant signs of recovery on Tuesday. A flicker of optimism emerged following speculation about renewed US trade talks. Trump hinted at a willingness to negotiate with China and said several other countries want to make a deal.

GBP/USD holds over 1.29 ahead of Liberation Day tariff announcements. DAX falls ahead of Trump’s trade tariff announcement.

USD/JPY – Yen rises on safe-haven flows. DAX tumbles ahead of trade tariff announcements and German inflation figures.

The trade war has escalated and there is going to be a lot of back and forth from now until the April 2 “liberation day.” Against this backdrop, we will maintain a short-term bearish view on the European markets. The DAX outlook could weaken if we see further support levels break in the coming days, which could accelerate the selling pressure.

GBP/USD drops below 1.2950 ahead of the Fed rate decision. DAX falls from record high with geopolitical updates on tap ahead of the Fed.

DAX rises after steep losses and amid tariff worries. Oil steadies, but tariff & recession concerns remain.

Sentiment has been boosted because Germany’s incoming Chancellor Friedrich Merz has unveiled plans to inject hundreds of billions of euros into defence and infrastructure, which marks a significant departure from Germany’s traditionally rigid borrowing rules, fuelling optimism for a broader economic uplift across Europe. The focus is now turning to the ECB rate decision and President Lagarde’s press conference tomorrow, which could influence the DAX forecast.