DAILY NEWS BRIEF - MARKET OUTLOOK

April 14, 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 are little changed after U.S. stocks posted gains on Monday despite the failure of U.S.-Iran peace talks over the weekend, with the S&P 500 advancing 69 points (+1.02%) to 6,886, and the Nasdaq 100 up 267 points (+1.07%) to 25,383.

The Dow Jones gained 301 points (+0.63%) to 48,218.

U.S. Vice President JD Vance said yesterday that further progress in Iran peace talks now lies with Tehran.

According to Reuters, peace talks could resume in Islamabad this week.

On the stat front, in the U.S., producer price index is expected to be up 4.4% year-on-year in March after a 3.4% rise in February. Separately, NFIB Business Optimism Index is seen at 97 in March vs 98.8 a month earlier.

European stock indices are trading green amid optimism over potential renewed Iran peace talks.

Asian indexes rebounded. On the stat side, China's exports grew 2.5% year-on-year in March, below 8.3% expected, while imports rose 27.8%, above 11.1% estimated. Separately, Australia's NAB business confidence index dropped to -29 in March, below -6 expected.

WTI crude oil prices lose ground, back below 100 dollars on prospect of lower demand.

Gold and silver both rebound.

Bitcoin gains ground, currently trading near the 75,000 dollars threshold.

Premarket news

JPMorgan (JPM), a banking group, slightly falls despite posting a quarterly earnings beat.

Tesla (TSLA), an electric-vehicle maker, was upgraded to "neutral" vs "sell" at UBS.

Wells Fargo (WFC), a banking group, loses ground as quarterly sales missed estimates. EPS was in-line with expectations.

Johnson & Johnson (JNJ), a health care products company, ticks higher after posting quarterly financial figures that marginally beat estimates.

American Airlines (AAL) jumps as Reuters reported United Airlines (UAL) CEO Scott Kirby discussed the possibility of a merger with American Airlines during a late-February meeting with Donald Trump.

Dow Inc (DOW), a diversified chemical manufacturing company, has appointed Karen S. Carter, currently Chief Operating Officer, as Chief Executive Officer, effective July 1, 2026.

Ford Motor (F), an automobile manufacturer, was upgraded to "buy" from "neutral" at UBS.

Blackrock (BLK), an investment management firm, gains ground on better-than-expected quarterly financial figures.

Globalstar (GSAT), a satellite services provider, surges as Bloomberg reported Amazon.com (AMZN) is close to buy the company.

Bloom Energy (BE), a power solutions provider, jumps after announcing an expanded partnership with Oracle (ORCL) to support the rapid buildout of its AI and cloud computing infrastructure.

CoreWeave (CRWV)'s, a cloud-based AI infrastructure company, target price was raised to 67 dollars from 56 dollars at Bernstein.

Credo Technology (CRDO), a provider of high-speed connectivity solutions, soars after announcing the acquisition of DustPhotonics, accelerating expansion into Silicon Photonics and next generation optical connectivity.

Expected Today

JPMorgan Chase (JPM)

Johnson & Johnson (JNJ)

Wells Fargo (WFC)

Citigroup (C)

BlackRock (BLK)

Albertsons (ACI)

CarMax (KMX)

Canada

On Monday, the S&P/TSX Composite Index rose 0.54% to 33,879 and the S&P/TSX 60 Index climbed 0.58% to 1,966.

Suncor Energy (SU)'s, an energy company, target price was raised to 105 dollars from 79 dollars at JPMorgan.

GFL Environmental (GFL), a waste management services company, was downgraded to "underweight" from "neutral" at JPMorgan.

Telus (T)'s, a communications technology company, target price was cut to 19 dollars from 20 dollars at Barclays.

AltaGas (ALA)'s, an energy infrastructure company, target price was raised to 52 dollars from 49 dollars at JPMorgan.

Precision Drilling (PD)'s, an oil and gas industry services company, target price was raised to 150 dollars from 140 dollars at RBC.

Orla Mining (OLA), a mining company, confirmed full-year gold production guidance after releasing quarterly production figures.

FirstService (FSV)'s, a real estate company, target price was cut to 201 dollars from 217 dollars at TD Cowen.

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:

95.50

Our preference:

Short positions below 95.50 with targets at 91.85 & 89.20 in extension.

Alternative scenario:

Above 95.50 look for further upside with 97.70 & 100.40 as targets.

Comment:

The RSI is below its neutrality area at 50%

Trade

Gold Intraday: look for 4860.

Pivot:

4790

Our preference:

Long positions above 4790 with targets at 4860 & 4880 in extension.

Alternative scenario:

Below 4790 look for further downside with 4758 & 4738 as targets.

Comment:

The next resistances are at 4860 and then at 4880.

Trade

EUR/USD intraday : as long as 1.1774 is support look for 1.1839

Our pivot point is at 1.1774.

Our preference:

As long as 1.1774 is support look for 1.1839

Alternative scenario:

Below 1.1774, expect 1.1750 and 1.1736.

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 1.1794 and 1.1772).

Trade

GBP/USD intraday : as long as 1.3526 is support look for 1.3654

Our pivot point is at 1.3526.

Our preference:

As long as 1.3526 is support look for 1.3654

Alternative scenario:

Below 1.3526, expect 1.3477 and 1.3449.

Comment:

Trade

USD/JPY intraday : rebound towards 159.72

Our pivot point is at 158.44.

Our preference:

Rebound towards 159.72

Alternative scenario:

Below 158.44, expect 157.96 and 157.67.

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 158.88 and 159.12).

Trade

Silver Intraday: bullish bias above 77.15.

Pivot:

77.15

Our preference:

Long positions above 77.15 with targets at 79.80 & 80.70 in extension.

Alternative scenario:

Below 77.15 look for further downside with 76.60 & 75.60 as targets.

Comment:

The next resistances are at 79.80 and then at 80.70.

Trade

Dow Jones (CME)‎ (M6)‎ Intraday: bullish bias above 48520.

Pivot:

48520

Our preference:

Long positions above 48520 with targets at 48800 & 48980 in extension.

Alternative scenario:

Below 48520 look for further downside with 48380 & 48190 as targets.

Comment:

The next resistances are at 48800 and then at 48980.

Trade

S&P 500 (CME)‎ (M6)‎ Intraday: watch 7020.

Pivot:

6965

Our preference:

Long positions above 6965 with targets at 7020 & 7035 in extension.

Alternative scenario:

Below 6965 look for further downside with 6920 & 6890 as targets.

Comment:

The break above 6965 is a positive signal that has opened a path to 7020.

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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