DAILY NEWS BRIEF - MARKET OUTLOOK

March 12, 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 USD/JPY EUR/USD Dow Jones (CME) S&P 500 (CME) GBP/USD Silver

Market Wrap

Market Wrap: Stocks, Bonds, Commodities

On Wednesday, the S&P 500 dipped 5 points (-0.08%) to 6,775, and the Dow Jones declined 289 points (-0.61%) to 47,417.

Meanwhile, the Nasdaq 100 closed 8 points higher (+0.03%) at 24,965.

Nvidia (NVDA) added 0.68%, extending its rebound to a third session.

Other chip stocks also posted gains, with Micron (MU) rising 3.86%, Intel (INTC) up 2.57%, and Taiwan Semiconductor Manufacturing (TSM) up 2.15%.

Sandisk (SNDK) jumped 5.90%, posting a strong three-session rebound.

Oracle (ORCL) jumped 9.18% after reporting better-than-expected quarterly results and raising its full-year sales guidance.

Energy stocks climbed alongside oil prices, with Valero Energy (VLO) rising 6.46%, and Marathon Petroleum (MPC) up 5.35%.

Cintas (CTAS) gained 1.05% after announcing its acquisition of workplace uniform provider UniFirst (UNF) for 5.5 billion dollars. UniFirst closed 6.58% higher.

Fair Isaac (FICO) plummeted 9.33%, becoming the biggest loser in the S&P 500.

Campbell Soup (CPB) fell 7.05% after posting lower-than-expected quarterly results and lowering its full-year outlook.

The U.S. 10-year Treasury yield jumped 7.2% basis points to 4.228%.

European stocks were lower at close, with the DAX 40 falling 1.37%, the CAC 40 down 0.19%, and the FTSE 100 down 0.56%.

U.S. WTI crude futures settled 3.8 dollars higher (+4.55%) to 87.25 dollars a barrel on Wednesday, and advanced further to levels above 93 dollars a barrel in early Asian hours.

Gold slipped 36 dollars to 5,141 dollars an ounce in early Asian hours.

Market Wrap: Forex

The U.S. dollar regained some strength against other major currencies, with the dollars index rising to 99.22.

U.S. data showed that the inflation rate held steady at 2.4% year on year in February, as expected.

EUR/USD dropped 40 pips to 1.1570, and GBP/USD dipped 1 pip to 1.3415.

USD/JPY rose 91 pips to 158.95. Japan’s producer price inflation slowed to 2.0% year on year in February from 2.3% in January.

AUD/USD gained 32 pips to 0.7151.

USD/CHF added 15 pips to 0.7797, and USD/CAD was up 10 pips to 1.3589.

Bitcoin secured a footing above the key level of 70,000 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)‎ (J6)‎ Intraday: rebound expected.

Pivot:

86.60

Our preference:

Long positions above 86.60 with targets at 95.60 & 98.00 in extension.

Alternative scenario:

Below 86.60 look for further downside with 83.70 & 81.70 as targets.

Comment:

The RSI shows upside momentum.

Trade

Gold Intraday: under pressure.

Pivot:

5195

Our preference:

Short positions below 5195 with targets at 5115 & 5090 in extension.

Alternative scenario:

Above 5195 look for further upside with 5215 & 5235 as targets.

Comment:

As long as 5195 is resistance, expect a return to 5115.

Trade

USD/JPY Intraday: further upside.

Pivot:

158.60

Our preference:

Long positions above 158.60 with targets at 159.35 & 159.70 in extension.

Alternative scenario:

Below 158.60 look for further downside with 158.25 & 157.90 as targets.

Comment:

The RSI is bullish and calls for further advance.

Trade

EUR/USD Intraday: under pressure.

Pivot:

1.1580

Our preference:

Short positions below 1.1580 with targets at 1.1530 & 1.1505 in extension.

Alternative scenario:

Above 1.1580 look for further upside with 1.1610 & 1.1640 as targets.

Comment:

The RSI has broken down its 30 level.

Trade

Dow Jones (CME)‎ (H6)‎ Intraday: the downside prevails.

Pivot:

47500

Our preference:

Short positions below 47500 with targets at 46665 & 46340 in extension.

Alternative scenario:

Above 47500 look for further upside with 47800 & 47960 as targets.

Comment:

The RSI is bearish and calls for further downside.

Trade

S&P 500 (CME)‎ (H6)‎ Intraday: turning down.

Pivot:

6800

Our preference:

Short positions below 6800 with targets at 6700 & 6655 in extension.

Alternative scenario:

Above 6800 look for further upside with 6850 & 6900 as targets.

Comment:

The RSI is bearish and calls for further decline.

Trade

GBP/USD Intraday: the downside prevails.

Pivot:

1.3420

Our preference:

Short positions below 1.3420 with targets at 1.3360 & 1.3330 in extension.

Alternative scenario:

Above 1.3420 look for further upside with 1.3450 & 1.3480 as targets.

Comment:

The RSI is bearish and calls for further downside.

Trade

Silver Intraday: key resistance at 86.40.

Pivot:

86.40

Our preference:

Short positions below 86.40 with targets at 83.80 & 82.80 in extension.

Alternative scenario:

Above 86.40 look for further upside with 87.40 & 88.30 as targets.

Comment:

The RSI is below 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.

VPFX is the trading name for Ventura Prime FX Limited with registration number LL16224 registered in Labuan F.T., Malaysia.

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