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.
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| DAILY NEWS BRIEF - MARKET OUTLOOK |
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| 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. |
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U.S. Market Overview:
On Friday, the major indices in the U.S. finished lower. The S&P 500 slipped 2pt (-0.03%) to 6929, while the Dow Jones dropped 20pts (-0.04%) to 48710, and the Nasdaq 100 fell 11pts (-0.05%) to 25644. On the sector front, the outperforming sectors were Materials (XLB), Real Estate (XLRE), and Health Care (XLV), and the Consumer Discretionary (XLY), Energy (XLE), and Financials (XLF) underperformed the most.
U.S. Equity News:
U.S. equity benchmarks ended little changed Friday as activity remained subdued after the Christmas break, while stocks posted gains in the shortened trading week.
NVIDIA (NVDA) led mega-cap movers, rising 1.02% after agreeing to acquire AI accelerator firm Groq for $20 billion in cash, a move that underscores continued consolidation across the AI infrastructure space and strong strategic demand for next-generation compute assets.
Apple (AAPL), the consumer electronics and services giant, slipped 0.15% as trading volumes thinned into year-end. Alphabet (GOOGL), the digital advertising and cloud computing leader, edged down 0.18%, while Meta Platforms (META) declined 0.64% amid mild pressure across growth stocks. Tesla (TSLA) underperformed, falling 2.1%, as EV-related names lagged broader market performance heading into the holiday weekend.
Volatility & Commodities Snapshot:
The CBOE Volatility Index (VIX) gained 0.13pt (+0.97%) to 13.6, and the 10-Year Yield rose 0.031 basis points to 4.13. In the commodities market, Gold gained 1.11% to 4552, while Crude oil (WTI) slid 1.61 dollars (-2.76%) to 56.74.
Foreign Exchange & Crypto Wrap:
EUR/USD fell 8pips (-0.07%) to 1.1769.
GBP/USD slipped 27pips (-0.2%) to 1.3496.
USD/JPY rose 79pips (+0.51%) to 156.58.
USD/CHF advanced 18pips (+0.23%) to 0.7892.
AUD/USD rose 10pips (+0.15%) to 0.6712.
USD/CAD dipped 8pips (-0.06%) to 1.3672.
The dollar index rose 0.12pt (+0.12%) to 98.062.
Bitcoin fell 407 dollars (-0.46%) to 87443.
Ether declined 19 dollars (-0.67%) to 2925.
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Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out. |
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| Crude Oil (WTI) (G6) Intraday: under pressure. |
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| Pivot: |
| 57.75 |
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| Our preference: |
| Short positions below 57.75 with targets at 56.51 & 56.00 in extension. |
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| Alternative scenario: |
| Above 57.75 look for further upside with 58.15 & 58.86 as targets. |
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| Comment: |
| The RSI is bearish and calls for further downside. |
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| Gold Intraday: turning up. |
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| Pivot: |
| 4495 |
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| Our preference: |
| Long positions above 4495 with targets at 4550 & 4572 in extension. |
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| Alternative scenario: |
| Below 4495 look for further downside with 4470 & 4440 as targets. |
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| Comment: |
| The RSI is mixed to bullish. |
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| S&P 500 (CME) (H6) Intraday: consolidation in place. |
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| Pivot: |
| 6952 |
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| Our preference: |
| Long positions above 6952 with targets at 6994 & 7020 in extension. |
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| Alternative scenario: |
| Below 6952 look for further downside with 6937 & 6912 as targets. |
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| Comment: |
| The next resistances are at 6994 and then at 7020. |
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| EUR/USD intraday : rebound towards 1.1839 |
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| Our pivot point is at 1.1748. |
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| Our preference: |
| Rebound towards 1.1839 |
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| Alternative scenario: |
| Below 1.1748, expect 1.1716 and 1.1697. |
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| 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 1.1777 and 1.1780). |
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| GBP/USD intraday : our next up target stands at 1.3557 |
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| Our pivot point is at 1.3477. |
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| Our preference: |
| Our next up target stands at 1.3557 |
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| Alternative scenario: |
| Below 1.3477, expect 1.3449 and 1.3432. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3501 and 1.3501). |
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| USD/JPY intraday : as long as 156.11 is support look for 157.36 |
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| Our pivot point is at 156.11. |
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| Our preference: |
| As long as 156.11 is support look for 157.36 |
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| Alternative scenario: |
| Below 156.11, expect 155.65 and 155.37. |
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| 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 156.48 and 156.30). |
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| Silver Intraday: the upside prevails. |
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| Pivot: |
| 76.45 |
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| Our preference: |
| Long positions above 76.45 with targets at 80.55 & 82.74 in extension. |
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| Alternative scenario: |
| Below 76.45 look for further downside with 73.56 & 72.40 as targets. |
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| Comment: |
| The RSI shows upside momentum. |
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| Dow Jones (CME) (H6) Intraday: the bias remains bullish. |
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| Pivot: |
| 48850 |
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| Our preference: |
| Long positions above 48850 with targets at 49130 & 49290 in extension. |
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| Alternative scenario: |
| Below 48850 look for further downside with 48700 & 48535 as targets. |
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| Comment: |
| The RSI calls for a new upleg. |
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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.
VPFX is the trading name for Ventura Prime FX Limited with registration number LL16224 registered in Labuan F.T., Malaysia.
Ventura Prime FX Limited is authorised and regulated by the Labuan Financial Services Authority (LFSA). Registered Address:Kensington Gardens, No U1317, Lot 7616, Jalan Jumidar Buyong, 87000 Labuan Federal Territory, Malaysia
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