Description
The AI trade is under pressure. Nasdaq has fallen 4.5%, while oil prices have surged above $100 per barrel.
Last week, technology stocks faced heavy selling pressure as concerns over AI valuations, inflation and rising energy costs unsettled global markets.
Now traders face another critical week.
Key economic events:
📊 Monday, October 19: China Q3 GDP and economic activity data
🇬🇧 Wednesday, October 21: UK CPI Inflation
🌍 Friday, October 23: Global Flash Manufacturing & Services PMIs
🛢️ Throughout the week: Middle East tensions and Strait of Hormuz developments
The question is whether the global economy is heading toward weaker growth, higher inflation, or both.
In today's session, we'll examine:
• Nasdaq and the outlook for technology stocks
• Gold (XAUUSD) and safe-haven demand
• Oil prices and geopolitical supply risks
• U.S. Dollar (DXY) and Forex markets
• Technical levels and potential trading opportunities
Join us LIVE at 12:00 PM UK for our weekly market outlook.
🎥 Can't attend live? Watch the recording afterward.
👉 Join WTW Pro: Link in the description.
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