DAILY NEWS BRIEF - MARKET OUTLOOK

September 23, 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 the Nasdaq 100 rose 250 points (+0.82%) to 30,732 on Tuesday, a record closing level.

The S&P 500 closed flat at 7,764, while the Dow Jones fell 185 points (-0.36%) to 51,863.

On the stat front, in the U.S. the S&P Global composite purchasing managers index is estimated at 55.2 in September in first reading vs 56 in August.

European indices consolidate. On the stat plan, eurozone's S&P Global composite purchasing managers index increased to 53.1 in September in first reading (51.7 expected) from 52 a month earlier. The same index in U.K. fell to 51.7 (52 estimated) from 52.5 in August.

Asian indices were mixed. Japanese markets were closed for public holidays and will reopen on Thursday.

WTI crude oil prices consolidate around 90.00 dollars. U.S. President Donald Trump said the U.S. held hours-long talks with Iran. Also, Saudi Arabia moved to restart its East-West pipeline.

Gold loses ground on firmer U.S. dollar following hawkish comments from Fed officials.

Bitcoin slightly eases below 86,000 dollars.

Premarket news

Worthington Enterprises (WOR), a designer and manufacturer of innovative building products, consumer products and sustainable energy solutions, soars after posting quarterly financial figures that beat estimates. Moreover, the company issued a rosy outlook.

KB Home (KBH), a homebuilder, declines as current quarter deliveries forecast missed expectations. Guidance regarding housing gross margins also disappointed investors.

IonQ (IONQ), a full-stack quantum platform and foundry, surges after saying "researchers demonstrated the development and successful testing of the industry’s first end-to-end real-time quantum error correction decoder that runs on a single standard off-the-shelf central processing unit (CPU)".

Expected Today

Cintas Corp (CTAS)

Paychex Inc (PAYX)

General Mills Inc (GIS)

Canada

On Tuesday, the S&P/TSX Composite Index advanced 0.91% to 36,335 and the S&P/TSX 60 Index climbed 0.66% to 2,129.

Elemental Royalty (ELE)'s, a gold-focused streaming and royalty company, target price was raised to 36 dollars from 30 dollars at Canaccord Genuity.

Spartan Delta (SDE), an energy company, was rated "outperform" in a new coverage at RBC.

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

Crude Oil (WTI)‎ (X6)‎ intraday: key resistance at 93.80.

Pivot:

93.80

Our preference:

Short positions below 93.80 with targets at 88.70 & 86.60 in extension.

Alternative scenario:

Above 93.80 look for further upside with 96.00 & 98.00 as targets.

Comment:

The RSI has struck against a major resistance around 70% and is reversing down.

Trade

Gold intraday : The downside prevails as long as 4,333 is resistance

Our pivot point is at 4,333.

Our preference:

The downside prevails as long as 4,333 is resistance, with 4,230 and 4,203 as targets

Alternative scenario:

Above 4,333, look for 4,378 and 4,404.

Comment:

The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 4,312 and 4,334).

Trade

EUR/USD intraday : Critical support closing in

Our pivot point is at 1.1427.

Our preference:

The downside prevails as long as 1.1427 is resistance, with 1.1386 and 1.1376 as targets

Alternative scenario:

Above 1.1427, look for 1.1445 and 1.1455.

Comment:

Prices are now within reach of our first target, a level that could trigger a pullback. On the flip side, a decisive break below it may extend the current decline.

Trade

GBP/USD intraday : Decline at a crossroads

Our pivot point is at 1.3310.

Our preference:

The downside prevails as long as 1.3310 is resistance, with 1.3251 and 1.3238 as targets

Alternative scenario:

Above 1.3310, look for 1.3332 and 1.3345.

Comment:

Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.

Trade

USD/JPY intraday : The upside prevails as long as 157.84 is support

Our pivot point is at 157.84.

Our preference:

The upside prevails as long as 157.84 is support, with 158.85 and 159.10 as targets

Alternative scenario:

Below 157.84, expect 157.42 and 157.17.

Comment:

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 157.91 and 157.66). The USD/JPY is trading above its upper Bollinger band (standing at 158.32).

Trade

Silver intraday : The downside prevails as long as 65.72 is resistance

Our pivot point is at 65.72.

Our preference:

The downside prevails as long as 65.72 is resistance, with 63.22 and 62.56 as targets

Alternative scenario:

Above 65.72, look for 66.83 and 67.49.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 65.29 and 66.15).

Trade

Dow Jones (CME)‎ (Z6)‎ intraday: choppy.

Pivot:

51890

Our preference:

Long positions above 51890 with targets at 52840 & 53030 in extension.

Alternative scenario:

Below 51890 look for further downside with 51750 & 51600 as targets.

Comment:

The RSI is mixed to bullish.

Trade

S&P 500 (CME)‎ (Z6)‎ intraday: turning down.

Pivot:

7848

Our preference:

Short positions below 7848 with targets at 7757 & 7727 in extension.

Alternative scenario:

Above 7848 look for further upside with 7861 & 7898 as targets.

Comment:

The RSI shows downside momentum.

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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