DAILY NEWS BRIEF - MARKET OUTLOOK

May 26, 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 trade green on hopes of U.S.-Iran deal, despite recent strikes in Iran. On Monday, the U.S. stock market was closed for the Memorial Day holiday. Friday, U.S. stocks gained further, with the Dow Jones advancing 294 points (+0.58%) to 50,579. 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 the stat front, in the U.S., the Conference Board consumer confidence index is expected to slip to 92.0 in May, while the Dallas Fed manufacturing index is estimated to improve to -1.0.

European indices are mostly down, while U.K.'s FTSE 100 trades higher.

Asian indices were mixed, while South Korea's Kospi hit new records.

WTI crude oil prices are slightly rebounding as U.S. carried out strikes in Iran, adding uncertainty regarding a peace deal.

Gold loses ground as U.S. and Iran tensions stoke concerns around inflation.

Bitcoin consolidates below 77,000 dollars.

Premarket news

Eli Lilly and Company (LLY), a developer and producer of pharmaceuticals, gains ground after announcing its intention to acquire three private vaccine developers for an amount of up to nearly 4 billion dollars.

Uber Technologies (UBER): according to the Financial Times, the technology platform is reportedly considering raising its offer for German food delivery group Delivery Hero, after an initial proposal valuing the company at 11.5 billion dollars.

AutoZone (AZO), the leading retailer and distributor of automotive replacement parts and accessories in the U.S., loses ground on lower-than-expected quarterly earnings.

Travelers Companies (TRV), the insurance company, was raised to "neutral" from "underweight" at JPMorgan.

Intuit (INTU): Mizuho cut its price target on the developer and marketer of accounting software for small and medium sized businesses to 500 dollars from 600 dollars.

Expected Today

AutoZone, Inc. (AZO)

Canada

On Monday, the S&P/TSX Composite Index gained 0.94% to 34,794 and the S&P/TSX 60 Index was up 0.91% to 2,033.

Manulife Financial (MFC), a financial services company, launched a 10-year Singapore dollar-denominated subordinated Tier-2 bond with a non-call period of five years.

Suncor Energy (SU): Jefferies raised its price target on the energy company to 101 dollars from 93 dollars.

Lundin Mining (LUN): JPMorgan cut its price target on the mining company to 27.8 dollars from 30.8 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)‎ (N6)‎ intraday: the bias remains bullish.

Pivot:

92.50

Our preference:

Long positions above 92.50 with targets at 95.75 & 96.75 in extension.

Alternative scenario:

Below 92.50 look for further downside with 90.75 & 89.35 as targets.

Comment:

The next resistances are at 95.75 and then at 96.75.

Trade

Gold intraday: the downside prevails.

Pivot:

4535

Our preference:

Short positions below 4535 with targets at 4490 & 4475 in extension.

Alternative scenario:

Above 4535 look for further upside with 4552 & 4577 as targets.

Comment:

A break below 4490 would trigger a drop towards 4475.

Trade

EUR/USD intraday : rebound towards 1.1673

Our pivot point is at 1.1608.

Our preference:

Rebound towards 1.1673

Alternative scenario:

Below 1.1608, expect 1.1584 and 1.1570.

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 1.1631 and 1.1634).

Trade

GBP/USD intraday : the downside prevails as long as 1.3474 is resistance

Our pivot point is at 1.3474.

Our preference:

The downside prevails as long as 1.3474 is resistance

Alternative scenario:

Above 1.3474, look for 1.3509 and 1.3531.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3460 and 1.3479).

Trade

USD/JPY intraday : as long as 159.15 is support look for 159.70

Our pivot point is at 159.15.

Our preference:

As long as 159.15 is support look for 159.70

Alternative scenario:

Below 159.15, expect 158.95 and 158.83.

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 159.26 and 159.10).

Trade

Silver intraday: the downside prevails.

Pivot:

77.00

Our preference:

Short positions below 77.00 with targets at 75.50 & 74.50 in extension.

Alternative scenario:

Above 77.00 look for further upside with 77.70 & 78.50 as targets.

Comment:

The RSI is below its neutrality area at 50%

Trade

Dow Jones (CME)‎ (M6)‎ intraday: the bias remains bullish.

Pivot:

50700

Our preference:

Long positions above 50700 with targets at 51160 & 51270 in extension.

Alternative scenario:

Below 50700 look for further downside with 50570 & 50440 as targets.

Comment:

The next resistances are at 51160 and then at 51270.

Trade

S&P 500 (CME)‎ (M6)‎ intraday: look for 7565.

Pivot:

7525

Our preference:

Long positions above 7525 with targets at 7565 & 7581 in extension.

Alternative scenario:

Below 7525 look for further downside with 7515 & 7495 as targets.

Comment:

The next resistances are at 7565 and then at 7581.

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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