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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Market Wrap: Stocks, Bonds, Commodities |
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On Thursday, U.S. stock indexes closed mixed as tech stocks dipped:
Dow Jones Industrial Average +270 points (+0.55%) to 49,266
S&P 500 +1 point (+0.01%) to 6,921
Nasdaq 100 -146 points (-0.57%) to 25,507
Alphabet (GOOGL) +1.07% marking a record close of 325.44 dollars, and surpassing Apple (AAPL) to be the second-most valuable U.S. company with a market capitalization of 3.93 trillion dollars.
Semiconductor stocks retreated:
Micron Technology (MU) -3.69%
Intel (INTC) -3.57%
Nvidia (NVDA) -2.15%
Defense stocks advanced following President Donald Trump's call for a 1.5-trillion-dollar defense budget for 2027:
Lockheed Martin (LMT) +4.34%
Northrop Grumman (NOC) +2.39%
Energy stocks rose alongside oil prices:
APA Corp (APA) +8.47%
Diamondback Energy (FANG) +5.13%
Occidental Petroleum (OXY) +5.46%.
In after-hours, General Motors (GM) announced an electric-vehicle-related writedown of 6 billion dollars.
The U.S. 10-year Treasury yield +1.7 basis points to 4.167%.
European stocks closed mixed:
DAX 40 +5 points (+0.02%) to 25,127
CAC 40 +9 points (+0.12%) to 8,243
FTSE 100 -3 points (-0.04%) to 10,044
Gold price +22 dollars to 4,478 dollars an ounce.
U.S. WTI crude futures +1.77 dollar (+3.16%) to 57.76 dollars a barrel.
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The U.S. dollar index climbed to 98.89 ahead of the closely-watched monthly non-farm payroll report due Friday.
EUR/USD -17 pips to 1.1656.
The Eurozone's producer prices -1.7% year on year in November (vs -1.8% expected, -0.5% in October).
Germany's factory orders +5.6% month on month in November (vs -0.6% expected, +1.5% in October).
USD/JPY +11 pips to 156.87.
GBP/USD -20 pips to 1.3437, AUD/USD -24 pips to 0.6696.
USD/CHF +10 pips to 0.7988, USD/CAD -4 pips to 1.3857.
Bitcoin climbed back to levels above 91,000 dollars.
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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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| USD/JPY Intraday: the bias remains bullish. |
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| Pivot: |
| 156.65 |
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| Our preference: |
| Long positions above 156.65 with targets at 157.05 & 157.25 in extension. |
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| Alternative scenario: |
| Below 156.65 look for further downside with 156.45 & 156.25 as targets. |
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| Comment: |
| Technically the RSI is above its neutrality area at 50. |
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| EUR/USD Intraday: the downside prevails. |
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| Pivot: |
| 1.1675 |
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| Our preference: |
| Short positions below 1.1675 with targets at 1.1640 & 1.1625 in extension. |
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| Alternative scenario: |
| Above 1.1675 look for further upside with 1.1690 & 1.1705 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| S&P 500 (CME) (H6) Intraday: caution. |
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| Pivot: |
| 6980 |
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| Our preference: |
| Short positions below 6980 with targets at 6949 & 6935 in extension. |
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| Alternative scenario: |
| Above 6980 look for further upside with 7005 & 7030 as targets. |
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| Comment: |
| Intraday technical indicators are mixed and call for caution. |
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| GBP/USD Intraday: key resistance at 1.3450. |
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| Pivot: |
| 1.3450 |
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| Our preference: |
| Short positions below 1.3450 with targets at 1.3415 & 1.3400 in extension. |
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| Alternative scenario: |
| Above 1.3450 look for further upside with 1.3465 & 1.3485 as targets. |
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| Comment: |
| As long as 1.3450 is resistance, look for choppy price action with a bearish bias. |
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| Gold Intraday: watch 4483. |
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| Pivot: |
| 4445 |
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| Our preference: |
| Long positions above 4445 with targets at 4483 & 4500 in extension. |
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| Alternative scenario: |
| Below 4445 look for further downside with 4435 & 4415 as targets. |
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| Comment: |
| Technically the RSI is above its neutrality area at 50. |
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| Silver Intraday: intraday support around 75.30. |
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| Pivot: |
| 75.30 |
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| Our preference: |
| Long positions above 75.30 with targets at 77.10 & 77.80 in extension. |
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| Alternative scenario: |
| Below 75.30 look for further downside with 73.80 & 72.70 as targets. |
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| Comment: |
| Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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| Crude Oil (WTI) (G6) Intraday: the bias remains bullish. |
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| Pivot: |
| 57.85 |
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| Our preference: |
| Long positions above 57.85 with targets at 58.75 & 59.15 in extension. |
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| Alternative scenario: |
| Below 57.85 look for further downside with 57.15 & 56.75 as targets. |
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| Comment: |
| Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. |
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| Dow Jones (CME) (H6) Intraday: expect 49830. |
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| Pivot: |
| 49450 |
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| Our preference: |
| Long positions above 49450 with targets at 49640 & 49830 in extension. |
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| Alternative scenario: |
| Below 49450 look for further downside with 49260 & 49150 as targets. |
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| Comment: |
| The RSI is bullish and calls for further advance. |
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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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