Microsoft crash: What it means for tech stocks

Frank Walbaum FX Strategies.Asia

Welcome back, everyone! Here's what you need to know for the upcoming week:

Major market disruptions:

CrowdStrike update: Major fail, impacting Microsoft computers and causing market disruptions.
Microsoft: Encountering resistance, potential further downside.

️Precious metals and commodities:

Gold and Silver: Showing bearish momentum with potential corrections ahead.
Oil: High levels but currently correcting.

Crypto market:

Bitcoin and altcoins: Roaring back with strong positivity, key resistance levels broken.

Economic insights:

PMI Data: Important insights coming on Wednesday.
Bank of Canada: Interest rate decision on Wednesday, expect volatility.

Market sentiment:

US Dollar: Gearing up steam, affecting Euro, Pound, and other currencies.
Stock Markets: Nasdaq, S&P 500, Dow Jones showing bearish sentiment.

Join us next week for more insights!

Happy trading and have a great weekend!

Author

Frank Walbaum

FX Strategies.Asia

Frank has been working in the TV business for several years. Acquiring his skills in Germany’s biggest broadcasting station, he then chose to work and live in Asia, which was in 2007.

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