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The DE 40 stock index has approached its all-time high within an uptrend. The DE 40 forecast for today is positive.

DE 40 forecast: key trading points

• Recent data: Germany’s CPI for September 2025 rose by 0.2% compared to August
• Market impact: the data creates a moderately positive background for the German stock market

DE 40 fundamental analysis

Germany’s Consumer Price Index (CPI) increased by 0.2% month-on-month in September 2025, matching the forecast of 0.2% and slightly above the previous reading of 0.1%. The reading in line with expectations indicates stable inflationary pressure. For investors, this means no new signals to change expectations regarding the European Central Bank’s monetary policy. Since price growth remains moderate, the likelihood of a sharp policy tightening remains low, which is perceived as a moderately positive factor for the stock market. However, a slight acceleration compared to the previous month could prompt caution among market participants, especially if signs of broader price increases emerge.

For the DE 40 index, which reflects the performance of Germany’s largest companies, the current data appears neutral with a slight positive bias. Investors are likely to interpret stable inflation figures as confirmation that price dynamics remain under control, supporting expectations of gradual rate cuts in the future. This may help sustain investor confidence in industrial and export-oriented stocks, particularly amid moderate domestic demand and inflation stabilisation.

DE 40 technical analysis

The DE 40 index has resistance established at 24,535.0 and support around 23,400.0. Prices have managed to reverse the trend to an upward direction. A breakout above the current resistance level would automatically lead to a new all-time high. The uptrend may have a medium-term character.

The DE 40 price forecast considers the following scenarios:

• Pessimistic DE 40 scenario: a breakout below the 23,400.0 support level could push the index down to 22,800.0
• Optimistic DE 40 scenario: a breakout above the 24,535.0 resistance level could propel the index to 25,480.0

Summary

CPI data in line with expectations does not create significant market pressure, supporting a positive sentiment in the German stock market. The DE 40 index may show moderate growth or consolidation as long as current macroeconomic trends remain stable. The nearest downside target for the index may be at 22,800.0.

Open Account

EUR/USD consolidates on Friday amid a quiet trading session due to the lack of a fresh catalyst, sponsored by a US government shutdown that seems poised to extend beyond the current week. The pair trades at 1.1738, up 0.28%, at the time of writing.

The US Tech index has once again reached a new all-time high. The outlook for next week remains positive.

US Tech forecast: key trading points

• Recent data: US ISM manufacturing prices for September came in at 61.9
• Market impact: moderately positive for the technology sector

US Tech fundamental analysis

The US ISM manufacturing prices index stood at 61.9 in October, lower than the forecast of 62.7 and significantly below the previous level of 63.7. A lower reading indicates a slowdown in price growth in the industrial sector. For investors, this is a signal that producer-driven inflationary pressure may be easing. Such a result is typically seen as positive for the stock market, as it reduces the likelihood that the Federal Reserve will be forced into more aggressive monetary tightening than expected. In the short term, this can support the growth of US stocks.

The technology sector is especially sensitive to interest rate changes since higher borrowing costs reduce the future earnings of fast-growing companies. A decline in the ISM prices index points to reduced inflationary pressure, which may soften expectations for further Federal Reserve rate hikes. For the US Tech index, this acts as a supportive factor, with lower inflation risks making tech stocks more attractive to investors.

US Tech technical analysis

The lower-than-expected reading represents a moderately positive signal for the US stock market as a whole and especially for the technology sector, as it lowers inflationary pressure and increases the likelihood of a softer monetary policy path. Additional clarity may come from today’s US labour market data.

The US Tech index broke above the previous resistance level at 24,805.0, with a new support line at 24,195.0. A new resistance level is yet to form. The uptrend will likely be medium-term, with the nearest upside target at 25,380.0.

The following scenarios are considered for the US Tech price forecast:

• Pessimistic US Tech scenario: a breakout below the 24,195.0 support level could push the index to 22,985.0
• Optimistic US Tech scenario: a breakout above the 24,805.0 resistance level could propel the index to 25,380.0

Summary

The US Tech index continues to reach new all-time highs. Current producer price data gives the Fed grounds to continue a more accommodative monetary policy. This supports the equity market overall and the technology sector in particular. Labour market data, due later today, could bring adjustments. The next upside target for the index could be 25,380.0.

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EUR/USD started a fresh increase above 1.1700. USD/CHF declined from 0.8000 and is now struggling to stay above 0.7945.

Important Takeaways for EUR/USD and USD/CHF Analysis Today

• The Euro started a decent upward move from 1.1650 against the US Dollar.
• There was

The Reserve Bank of Australia (RBA) maintained the cash rate at 3.60% at today’s meeting. The decision was widely expected but the Australian dollar has declined following the decision. The cash rate remains at its lowest level since April 2023.

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This led to a strengthening of the Australian dollar, as the Reserve Bank of Australia (RBA)

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