DAILY NEWS BRIEF - MARKET OUTLOOK

June 10, 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 GBP/USD USD/JPY EUR/USD Silver Dow Jones (CME) S&P 500 (CME)

Market Wrap

Market Wrap: Stocks, Bonds, Commodities

On Tuesday, semiconductor stocks reversed to the downside again, dragging the Nasdaq 100 down 329 points (-1.12%) to close at 29,084.50.

The S&P 500 dropped 19 points (-0.26%) to 7,386, while the Dow Jones added 86 points (+0.17%) to 50,872.

Among semiconductor stocks, Marvell Technology (MRVL) slid 7.61%, Arm Holdings (ARM) fell 6.22%, Advanced Micro Devices (AMD) dropped 3.02%, and Intel (INTC) was down 2.13%.

Also, Micron Technology (MU) declined 1.41%, Broadcom (AVGO) eased 1.12%, and Nvidia (NVDA) dipped 0.22%.

Apple (AAPL) fell 3.64%. Investors appeared unimpressed by a series of new artificial-intelligence-related software enhancements unveiled at the company’s Worldwide Developers Conference (WWDC).

Meanwhile, Tesla (TSLA) dropped 3.00%, Microsoft (MSFT) declined 2.02%, while Alphabet (GOOGL) edged up 0.26%.

Oracle (ORCL) slipped 2.84% ahead of its quarterly results, due after market close on Wednesday.

J.M. Smucker (SJM) surged 10.44%, becoming the best-performing stock in the S&P 500. The food and beverage producer raised its full-year profit outlook.

The U.S. 10-year Treasury yield retreated 5 basis points to 4.518%.

In Europe, the DAX 40 fell another 0.74%, and the FTSE 100 dropped 1.41%, while the CAC 40 edged up 0.05%.

U.S. WTI crude futures settled 3.10 dollars lower (-3.40%) at 88.20 dollars a barrel. However, in early Asian trading hours, the U.S. said it had launched strikes against Iran in response to the downing of an Army Apache helicopter in the Strait of Hormuz.

Gold slipped 69 dollars (-1.61%) to 4,260 dollars an ounce.

Market Wrap: Forex

The U.S. dollar index dipped below the key level of 100. Major U.S. inflation data will be released later today.

EUR/USD added 10 pips to 1.1544. Germany's industrial production grew 0.4% month-on-month in April (vs +0.5% expected).

USD/JPY advanced 19 pips to 160.36, holding above the closely watched level of 160 despite repeated verbal warnings from Japan’s finance minister over possible market intervention to support the yen.

GBP/USD climbed 41 pips to 1.3379, while AUD/USD fell 17 pips to 0.7028.

USD/CHF added 7 pips to 0.7982.

USD/CAD dipped 5 pips to 1.3946. Canada’s central bank is expected to hold its key interest rate unchanged later today.

Bitcoin lost traction, sliding 2% to 61,700 dollars.

Morning Trading

In Asian trading hours, USD/JPY was steady at 160.36. Japan's producer price index rose 6.3% year-on-year in May, above 5.5% expected.

On the other hand, China's inflation rate stayed at 1.2% year-on-year in May, below 1.4% estimated, while producer price index was up 3.9%, above 3.8% expected.

Meanwhile, EUR/USD and GBP/USD were broadly flat, at 1.1540 and 1.3375 respectively.

Gold extended its decline to 4,184 dollars.

Bitcoin remained subdued at 61,428 dollars.

Expected Today

In the U.S., inflation rate is estimated to climb to 4.0% year-on-year in May.

The Bank of Canada is expected to keep its benchmark rate unchanged at 2.25%.

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:

87.50

Our preference:

Long positions above 87.50 with targets at 90.00 & 91.50 in extension.

Alternative scenario:

Below 87.50 look for further downside with 86.00 & 84.65 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Trade

Gold intraday: the downside prevails.

Pivot:

4250

Our preference:

Short positions below 4250 with targets at 4171 & 4120 in extension.

Alternative scenario:

Above 4250 look for further upside with 4290 & 4320 as targets.

Comment:

A break below 4171 would trigger a drop towards 4120.

Trade

GBP/USD intraday: key resistance at 1.3410.

Pivot:

1.3410

Our preference:

Short positions below 1.3410 with targets at 1.3355 & 1.3330 in extension.

Alternative scenario:

Above 1.3410 look for further upside with 1.3430 & 1.3450 as targets.

Comment:

As long as the resistance at 1.3410 is not surpassed, the risk of the break below 1.3355 remains high.

Trade

USD/JPY intraday: bullish bias above 160.15.

Pivot:

160.15

Our preference:

Long positions above 160.15 with targets at 160.55 & 160.70 in extension.

Alternative scenario:

Below 160.15 look for further downside with 160.00 & 159.85 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Trade

EUR/USD intraday: look for 1.1520.

Pivot:

1.1570

Our preference:

Short positions below 1.1570 with targets at 1.1520 & 1.1500 in extension.

Alternative scenario:

Above 1.1570 look for further upside with 1.1590 & 1.1610 as targets.

Comment:

As long as the resistance at 1.1570 is not surpassed, the risk of the break below 1.1520 remains high.

Trade

Silver intraday: key resistance at 65.80.

Pivot:

65.80

Our preference:

Short positions below 65.80 with targets at 63.40 & 62.00 in extension.

Alternative scenario:

Above 65.80 look for further upside with 67.50 & 68.90 as targets.

Comment:

As long as 65.80 is resistance, look for choppy price action with a bearish bias.

Trade

Dow Jones (CME)‎ (M6)‎ intraday: choppy.

Pivot:

51300

Our preference:

Short positions below 51300 with targets at 50220 & 49900 in extension.

Alternative scenario:

Above 51300 look for further upside with 51575 & 51750 as targets.

Comment:

The RSI is around its neutrality area at 50%

Trade

S&P 500 (CME)‎ (M6)‎ intraday: under pressure.

Pivot:

7422

Our preference:

Short positions below 7422 with targets at 7305 & 7245 in extension.

Alternative scenario:

Above 7422 look for further upside with 7470 & 7528 as targets.

Comment:

The RSI has just struck against its neutrality area at 50% and is reversing down.

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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