Global Market Performance: The overall performance of global stock markets, particularly those included in the underlying index that XDWU tracks, significantly impacts its price. Positive global market sentiment tends to increase demand for XDWU, pushing its price up, while negative sentiment can lead to price declines.

Currency Exchange Rates: As XDWU likely holds international assets denominated in foreign currencies, fluctuations in exchange rates between the Euro (EUR) and those currencies affect its EUR-denominated price. A strengthening EUR against other currencies can decrease the ETF's price, and vice-versa.

Supply and Demand: Basic market forces of supply and demand drive the price. High demand for XDWU relative to its available supply pushes the price up, while increased selling pressure can lower it.

Expense Ratio and Tracking Error: XDWU's expense ratio and its ability to accurately track its benchmark index influence its attractiveness to investors. A higher expense ratio or larger tracking error might make it less desirable compared to similar ETFs, potentially affecting its price.

Dividend Yield and Reinvestments: Dividends paid by the underlying assets held in XDWU, as well as the ETF's policy on dividend reinvestment, can affect its price. Higher dividend yields might attract more investors, increasing demand, while reinvestment decisions can impact the ETF's NAV.

Interest Rates: Changes in global interest rates, particularly those set by major central banks, can influence investor appetite for equities in general, and therefore for ETFs like XDWU. Higher interest rates often make bonds more attractive, potentially leading to a decrease in demand for equities.

Geopolitical Events: Major global political or economic events, such as trade wars, political instability, or economic recessions, can create uncertainty and volatility in the markets, affecting the prices of global ETFs like XDWU.