DAILY NEWS BRIEF - MARKET OUTLOOK

November 4, 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 Tuesday, the Nasdaq 100 rose 190 points (+0.68%) to 28,180, and the S&P 500 climbed 27 points (+0.36%) to 7,568, while the Dow Jones fell 197 points (-0.38%) to 51,786.

Mega tech and semiconductor stocks rebounded on U.S. Midterm Election Day, even as Apple weighed on the Dow, while oil stayed soft on Iran diplomacy hopes.

U.S. WTI crude futures once dipped below 94 dollars a barrel earlier in the session, as Qatar said mediators were still exchanging proposals for an interim U.S.–Iran deal.

Microsoft (MSFT) rose 2.74%, Meta Platforms (META) advanced 2.36%, and Amazon (AMZN) gained 2.06%, while Tesla (TSLA) was down 1.32%.

Apple (AAPL) declined 1.90%, as the consumer electronics giant said gross margin for the holiday quarter would be compressed due to rising costs of memory chips.

Semiconductor stocks rebound, with Nvidia (NVDA) rising 2.29%, ON Semiconductor (ON) up 3.55%, Broadcom (AVGO) up 3.07%, and Micron Technology (MU) up 2.58%.

Advanced Micro Devices (AMD) closed 3.65% higher and jumped 8% in after-market hours. The chipmaker reported better-than-expected quarterly results, with revenue jumping 45% year-on-year and data center sales nearly doubling.

AI-infrastructure stocks also outperformed the market, with Cipher Digital (CIFR) surging 18.37%, Iren Ltd (IREN) up 11.08%, Bloom Energy (BE) up 9.05%, and CoreWeave (CRWV) up 7.16%.

Oracle (ORCL) rebounded 5.85%, recovering part of Monday’s 9% slide after its roughly 20-billion-dollar stock-and-bond raise for AI and cloud buildout.

Fiserv (FISV), a payments and fintech company, surged 12.46% after affirming its outlook and raising its cost-savings target.

Energy stocks remained soft, with APA Corp (APA) falling 2.15%, ConocoPhillips (COP) down 1.66%, and ExxonMobil (XOM) down 1.23%.

Shopify (SHOP) tumbled 8.74% after missing expectations for merchandise volume and subscription gross profit and giving a downbeat fourth-quarter revenue growth guidance.

The 10-year Treasury yield added 5.4 basis points to 4.966%.

European stocks closed lower, with the DAX 40 declining 0.45%, the CAC 40 down 0.34%, and the FTSE 100 down 1.14%.

Spot gold failed to regain the key level of 4,000 dollars an ounce, as it dipped 16 dollars to 3,930 dollars an ounce.

Market Wrap: Forex

EUR/USD edged up 5 pips to 1.1190, while USD/JPY climbed 74 pips to 158.67.

The U.S. Labor Department reported that the number of job openings rose by 333,000 to 7.523 million in September, well above expectations.

U.S. factory orders grew 1.8% month-on-month in September, faster than expected.

GBP/USD added 6 pips to 1.3415, posting a five-session rally.

AUD/USD fell 32 pips to 0.6966. As expected, Australia’s central bank raised its key interest rate by 25 basis points to 4.85%, the highest level in 18 years. However, it dropped language pointing to further rate hikes.

USD/CHF gained 20 pips to 0.8208, and USD/CAD was up 20 pips to 1.4008.

Bitcoin rose alongside tech stocks, rebounding over 1% to 77,700 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)‎ (Z6)‎ intraday: the downside prevails.

Pivot:

100.00

Our preference:

Short positions below 100.00 with targets at 92.00 & 90.00 in extension.

Alternative scenario:

Above 100.00 look for further upside with 102.00 & 103.35 as targets.

Comment:

The RSI is bearish and calls for further downside.

Trade

Gold intraday : The upside prevails as long as 3,898 is support

Our pivot point is at 3,898.

Our preference:

The upside prevails as long as 3,898 is support, with 3,998 and 4,018 as targets

Alternative scenario:

Below 3,898, expect 3,865 and 3,846.

Comment:

The RSI is above its neutrality area at 50. 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 3,931 and 3,928). The Gold is trading above its upper Bollinger band (standing at 3,945).

Trade

USD/JPY intraday : Under pressure below 158.67, with 157.79 and 157.66 as targets

Our pivot point is at 158.67.

Our preference:

Under pressure below 158.67, with 157.79 and 157.66 as targets

Alternative scenario:

Above 158.67, look for 158.89 and 159.01.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. The price stands below its 20 and 50 period moving average (respectively at 158.57 and 158.25). The USD/JPY is trading below its lower Bollinger band (standing at 158.22).

Trade

EUR/USD intraday : the RSI is overbought

Our pivot point is at 1.1198.

Our preference:

The upside prevails as long as 1.1198 is support, with 1.1274 and 1.1286 as targets

Alternative scenario:

Below 1.1198, expect 1.1178 and 1.1166.

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 1.1199 and 1.1193). The EUR/USD is trading above its upper Bollinger band (standing at 1.1228).

Trade

Dow Jones (CME)‎ (Z6)‎ intraday: the downside prevails.

Pivot:

52642

Our preference:

Short positions below 52642 with targets at 51635 & 51000 in extension.

Alternative scenario:

Above 52642 look for further upside with 52960 & 53150 as targets.

Comment:

A break below 51635 would trigger a drop towards 51000.

Trade

S&P 500 (CME)‎ (Z6)‎ intraday: key resistance at 7660.

Pivot:

7660

Our preference:

Short positions below 7660 with targets at 7520 & 7450 in extension.

Alternative scenario:

Above 7660 look for further upside with 7700 & 7750 as targets.

Comment:

The RSI is mixed and calls for caution.

Trade

GBP/USD intraday : the RSI is overbought

Our pivot point is at 1.3415.

Our preference:

The upside prevails as long as 1.3415 is support, with 1.3498 and 1.3515 as targets

Alternative scenario:

Below 1.3415, expect 1.3387 and 1.3371.

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 1.3423 and 1.3416). The GBP/USD is trading above its upper Bollinger band (standing at 1.3448).

Trade

Silver intraday : The upside prevails as long as 48.78 is support

Our pivot point is at 48.78.

Our preference:

The upside prevails as long as 48.78 is support, with 51.13 and 51.61 as targets

Alternative scenario:

Below 48.78, expect 47.99 and 47.52.

Comment:

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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