DAILY NEWS BRIEF - MARKET OUTLOOK

July 7, 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 Monday, the Dow Jones continued to rally, gaining 155 points (+0.29%) to 53,055, marking another record high.

The S&P 500 advanced 54 points (+0.72%) to 7,537, and the Nasdaq 100 was up 368 points (+1.26%) to 29,697.

Tesla (TSLA) rose 6.69%, Alphabet (GOOGL) gained 1.82%, and Apple (AAPL) was up 1.31%.

Meta (META) climbed 2.98%. Morgan Stanley reiterated its "buy" rating on the stock.

Microsoft (MSFT) dipped 0.96%. The tech giant announced plans to cut 4,800 jobs, about 2.1% of its global workforce.

Broadcom (AVGO) added 3.73%. The chip maker expanded its partnership with Apple by agreeing to supply it with custom chips through 2031.

Advanced Micro Devices (AMD) jumped 6.61%. Goldman Sachs raised its price target for the stock to 640 dollars from 450 dollars.

The U.S. 10-year Treasury yield eased 1.4 basis points to 4.471%.

In Europe, the DAX 40 edged up 0.15%, while the CAC 40 declined 0.33%, and the FTSE 100 was down 0.26%.

U.S. WTI crude futures dipped 0.14 dollars to 68.55 dollars a barrel.

Gold slipped 9 dollars to 4,165 dollars an ounce, halting a three-session rally.

Market Wrap: Forex

The U.S. dollar eased against its peers, with the dollar index edging down to 100.85. The Institute for Supply Management (ISM) services index posted at 54.0 for June (vs 54.2 expected, 54.5 in May).

EUR/USD edged up 5 pips to 1.1440. The Eurozone’s producer price inflation accelerated to 5.9% year-on-year in May (as expected).

USD/JPY advanced 70 pips to 162.07 despite renewed warnings from Japan's finance minister about possible market intervention to support the yen.

GBP/USD climbed 37 pips to a 3-week high at 1.3388, and AUD/USD rose 14 pips to 0.6954.

USD/CHF gained 19 pips to 0.8052.

Bitcoin kept building momentum, increasing 1% to 64,200 dollars.

Morning Trading

In Asian trading hours, USD/JPY eased to 161.90. Japan's household spending fell 0.4% year-on-year in May, compared with -2.5% estimated.

Meanwhile, EUR/USD and GBP/USD were both steady, at 1.1441 and 1.3392 respectively.

Gold declined to 4,139 dollars.

Bitcoin fell to 63,530 dollars.

Expected Today

Germany's industrial production is expected to grow 0.2% month-on-month in May.

France's trade deficit for May is estimated at 5.2 billion euros.

In the U.S., trade deficit for May is expected at 78.0 billion dollars.

Canada's trade surplus for May is estimated at 2.7 billion Canadian 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)‎ (Q6)‎ intraday: further upside.

Pivot:

68.55

Our preference:

Long positions above 68.55 with targets at 70.15 & 70.65 in extension.

Alternative scenario:

Below 68.55 look for further downside with 68.15 & 67.85 as targets.

Comment:

The RSI advocates for further advance.

Trade

Gold intraday: under pressure.

Pivot:

4165

Our preference:

Short positions below 4165 with targets at 4105 & 4075 in extension.

Alternative scenario:

Above 4165 look for further upside with 4185 & 4200 as targets.

Comment:

As long as the resistance at 4165 is not surpassed, the risk of the break below 4105 remains high.

Trade

GBP/USD intraday: bullish bias above 1.3370.

Pivot:

1.3370

Our preference:

Long positions above 1.3370 with targets at 1.3420 & 1.3440 in extension.

Alternative scenario:

Below 1.3370 look for further downside with 1.3350 & 1.3325 as targets.

Comment:

The RSI is bullish and calls for further upside.

Trade

USD/JPY intraday: under pressure.

Pivot:

162.20

Our preference:

Short positions below 162.20 with targets at 161.50 & 161.20 in extension.

Alternative scenario:

Above 162.20 look for further upside with 162.40 & 162.60 as targets.

Comment:

As long as 162.20 is resistance, look for choppy price action with a bearish bias.

Trade

EUR/USD intraday: intraday support around 1.1425.

Pivot:

1.1425

Our preference:

Long positions above 1.1425 with targets at 1.1455 & 1.1470 in extension.

Alternative scenario:

Below 1.1425 look for further downside with 1.1410 & 1.1395 as targets.

Comment:

A support base at 1.1425 has formed and has allowed for a temporary stabilisation.

Trade

Silver intraday: key resistance at 62.10.

Pivot:

62.10

Our preference:

Short positions below 62.10 with targets at 60.30 & 59.60 in extension.

Alternative scenario:

Above 62.10 look for further upside with 62.60 & 63.25 as targets.

Comment:

As long as the resistance at 62.10 is not surpassed, the risk of the break below 60.30 remains high.

Trade

Dow Jones (CME)‎ (U6)‎ intraday: further upside.

Pivot:

53210

Our preference:

Long positions above 53210 with targets at 53610 & 53770 in extension.

Alternative scenario:

Below 53210 look for further downside with 53080 & 52920 as targets.

Comment:

The RSI is bullish and calls for further upside.

Trade

S&P 500 (CME)‎ (U6)‎ intraday: consolidation in place.

Pivot:

7590

Our preference:

Short positions below 7590 with targets at 7555 & 7540 in extension.

Alternative scenario:

Above 7590 look for further upside with 7602 & 7615 as targets.

Comment:

The RSI is around its neutrality area at 50%

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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