DAILY NEWS BRIEF - MARKET OUTLOOK

April 8, 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 USD/JPY EUR/USD S&P 500 (CME) GBP/USD Silver Dow Jones (CME)

Market Wrap

Market Wrap: Stocks, Bonds, Commodities

On Tuesday, major U.S. stock indexes pared early losses to close little changed, with the S&P 500 edging up 5 points (+0.08%) to 6,616, and the Nasdaq 100 up 10 points (+0.04%) to 24,202.

The Dow Jones was down 85 points (-0.18%) to 46,584.

U.S. President Donald Trump stood firm for the deadline at 8 pm U.S. Eastern time Tuesday for Iran to make a deal, threatening: “A whole civilization will die tonight, never to be brought back again.”

In after-market hours, Trump said he agreed to suspend the bombing of Iran for two weeks on condition that Iran reopens the Strait of Hormuz.

After Trump removed the imminent Iran deadline, oil prices tumbled, with U.S. WTI crude futures tumbling 22 dollars or 19% to 91.05 dollars a barrel.

And gold jumped 123 dollars (+2.60%) to 4,830 dollars an ounce.

Alphabet (GOOGL) rose 1.82%, outperforming both the market and its tech-giant peers, while Apple (AAPL) fell 2.07%, and Tesla (TSLA) was down 1.75%.

Broadcom (AVGO) surged 6.21%. The chip maker signed major deals to supply Google and Anthropic with next-generation artificial intelligence (AI) chips.

Intel (INTC) gained 4.19% after announcing a partnership with SpaceX, xAI and Tesla on the "Terafab" project, which aims to produce one terawatt a year of computing power for future advances in AI and robotics.

Health insurance stocks jumped, with UnitedHealth (UNH) surging 9.37% and Humana (HUM) up 7.94%, following the U.S. government's announcement of a higher-than-expected increase in payment rate in the Medicare program.

The U.S. 10-year Treasury yield retreated 3.8 basis points to 4.301%.

Major European stock indexes closed lower, with the DAX dropping 1.06%, the CAC 40 down 0.67%, and the FTSE 100 down 0.84%.

Market Wrap: Forex

The U.S. dollar weakened across the board after Trump suspended bombing of Iran.

Regarding U.S. economic data, durable goods orders fell 1.4% month on month in February, worse than expected.

EUR/USD jumped to 1.1670, and GBP/USD ran up to 1.3380.

AUD/USD bounced over 1% to 0.7062.

USD/JPY remained capped by the key level of 160, dropping to 158.80.

USD/CHF declined further to 0.7920, and USD/CAD slipped to 1.3850.

Bitcoin gained further traction, gaining over 4% to 72,100 dollars.

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

Crude Oil (WTI)‎ (K6)‎ Intraday: the downside prevails.

Pivot:

103.00

Our preference:

Short positions below 103.00 with targets at 91.00 & 84.40 in extension.

Alternative scenario:

Above 103.00 look for further upside with 107.50 & 112.00 as targets.

Comment:

The RSI is bearish and calls for further downside.

Trade

Gold intraday: the upside prevails as long as 4789 is support

Our pivot point stands at 4789.

Our preference:

The upside prevails as long as 4789 is support.

Alternative scenario:

The downside breakout of 4789 would call for 4764 and 4749.

Comment:

The RSI is above 70. It could mean either that prices are in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Gold is above its 20 and 50 period moving average (respectively at 4737 and 4686).

Trade

USD/JPY Intraday: target 157.75.

Pivot:

159.15

Our preference:

Short positions below 159.15 with targets at 157.75 & 157.40 in extension.

Alternative scenario:

Above 159.15 look for further upside with 159.45 & 159.75 as targets.

Comment:

The immediate trend remains down and the momentum is strong.

Trade

EUR/USD Intraday: further upside.

Pivot:

1.1600

Our preference:

Long positions above 1.1600 with targets at 1.1740 & 1.1775 in extension.

Alternative scenario:

Below 1.1600 look for further downside with 1.1570 & 1.1540 as targets.

Comment:

The break above 1.1600 is a positive signal that has opened a path to 1.1740.

Trade

S&P 500 (CME)‎ (M6)‎ Intraday: further advance.

Pivot:

6670

Our preference:

Long positions above 6670 with targets at 6855 & 6950 in extension.

Alternative scenario:

Below 6670 look for further downside with 6625 & 6575 as targets.

Comment:

The RSI shows upside momentum.

Trade

GBP/USD Intraday: further upside.

Pivot:

1.3310

Our preference:

Long positions above 1.3310 with targets at 1.3465 & 1.3500 in extension.

Alternative scenario:

Below 1.3310 look for further downside with 1.3265 & 1.3230 as targets.

Comment:

The RSI advocates for further advance.

Trade

Silver intraday: the RSI is overbought

75.90 is our pivot point.

Our preference:

The upside prevails as long as 75.90 is support.

Alternative scenario:

Below 75.90, expect 75.20 and 74.80.

Comment:

The RSI is trading above 70. This could mean that either prices are in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Silver is trading above both its 20 and 50 period moving average (respectively at 73.93 and 72.86).

Trade

Dow Jones (CME)‎ (M6)‎ Intraday: further upside.

Pivot:

47050

Our preference:

Long positions above 47050 with targets at 48000 & 48500 in extension.

Alternative scenario:

Below 47050 look for further downside with 46750 & 46470 as targets.

Comment:

The RSI is bullish and calls for further advance.

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.

VPFX is the trading name for Ventura Prime FX Limited with registration number LL16224 registered in Labuan F.T., Malaysia.

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