DAILY NEWS BRIEF - MARKET OUTLOOK

May 25, 2026

Here are today's directional views from the global research desks of Ventura Prime FX! These are starting points for your own research to identify opportunities that make sense for you.

Crude Oil (WTI) Gold EUR/USD GBP/USD USD/JPY Silver Dow Jones (CME) S&P 500 (CME)

Market Wrap

Market Wrap: pre-opening session

U.S. market futures gain ground on hopes of U.S.-Iran deal. On Friday, U.S. stocks gained further, with the Dow Jones advancing 294 points (+0.58%) to 50,579, a fresh record close.

The S&P 500 added 27 points (+0.37%) to 7,473, and the Nasdaq 100 was up 124 points (+0.42%) to 29,481.

On a weekly basis, the S&P 500 posted an 8-week winning streak.

On the economic side, Kevin Warsh formally took office as the U.S. Federal Reserve chairman on Friday.

U.S. stocks markets are closed today for the Memorial Day holiday.

On the geopolitical front, over the weekend, after saying a deal with Iran was "largely negotiated", U.S. President Donald Trump added that there was no rush to make any deal.

European indices are well oriented. U.K.'s stocks markets are closed for a public holiday.

Asian indexes traded higher, with Japan’s Nikkei 225 hitting an all-time high. Hong Kong and South Korea were closed for a public holiday.

WTI crude oil prices drop amid hopes for a deal to reopen the Strait of Hormuz.

Gold and silver both rebound on U.S. dollar weakness.

Bitcoin gains some ground above 77,000 dollars.

Premarket news

No major corporate news as U.S. stocks markets are closed for Memorial Day.

Expected Today

No major earnings expected

Canada

Last Friday, the S&P/TSX Composite Index gained 0.18% to 34,471 and the S&P/TSX 60 Index was up 0.12% to 2,014.

CAE (CAE), a worldwide leader in training for the civil aviation, defense and security, and healthcare markets, target price was cut to 36 dollars from 42 dollars at RBC.

Constellation Software (CSU)'s, a software provider, target price was cut to 3,185 dollars from 3,500 dollars at Jefferies.

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Crude Oil (WTI)‎ (N6)‎ intraday: the downside prevails.

Pivot:

92.55

Our preference:

Short positions below 92.55 with targets at 89.00 & 86.80 in extension.

Alternative scenario:

Above 92.55 look for further upside with 93.85 & 95.70 as targets.

Comment:

The RSI is below its neutrality area at 50%

Trade

Gold intraday: intraday support around 4552.

Pivot:

4552

Our preference:

Long positions above 4552 with targets at 4589 & 4620 in extension.

Alternative scenario:

Below 4552 look for further downside with 4530 & 4510 as targets.

Comment:

The next resistances are at 4589 and then at 4620.

Trade

EUR/USD intraday : as long as 1.1621 is support look for 1.1691

Our pivot point is at 1.1621.

Our preference:

As long as 1.1621 is support look for 1.1691

Alternative scenario:

Below 1.1621, expect 1.1597 and 1.1583.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1642 and 1.1632).

Trade

GBP/USD intraday : as long as 1.3468 is support look for 1.3568

Our pivot point is at 1.3468.

Our preference:

As long as 1.3468 is support look for 1.3568

Alternative scenario:

Below 1.3468, expect 1.3432 and 1.3411.

Comment:

Trade

USD/JPY intraday : rebound towards 159.30

Our pivot point is at 158.74.

Our preference:

Rebound towards 159.30

Alternative scenario:

Below 158.74, expect 158.55 and 158.43.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 158.93 and 158.97).

Trade

Silver intraday: intraday support around 77.35.

Pivot:

77.35

Our preference:

Long positions above 77.35 with targets at 78.90 & 80.00 in extension.

Alternative scenario:

Below 77.35 look for further downside with 76.40 & 75.50 as targets.

Comment:

The RSI is around its neutrality area at 50%

Trade

Dow Jones (CME)‎ (M6)‎ intraday: further advance.

Pivot:

50900

Our preference:

Long positions above 50900 with targets at 51230 & 51400 in extension.

Alternative scenario:

Below 50900 look for further downside with 50600 & 50440 as targets.

Comment:

The next resistances are at 51230 and then at 51400.

Trade

S&P 500 (CME)‎ (M6)‎ intraday: intraday support around 7548.

Pivot:

7548

Our preference:

Long positions above 7548 with targets at 7585 & 7620 in extension.

Alternative scenario:

Below 7548 look for further downside with 7515 & 7470 as targets.

Comment:

The next resistances are at 7585 and then at 7620.

Trade

TRADING FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS.

THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR ALL OF YOUR INITIAL INVESTMENT AND THEREFORE YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE.

THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO TRADE FOREIGN EXCHANGE OR CFD’S YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENT OBJECTIVES, LEVEL OF EXPERIENCE, AND RISK APPETITE.

YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FOREIGN EXCHANGE AND OTHER CFD TRADING, AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS. VPFX RECOMMENDS READING THE RISK DISCLOSURE SECTION OF THE PROSPECTUS FOR ANY FINANCIAL PRODUCT MENTIONED.

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