DAILY NEWS BRIEF - MARKET OUTLOOK

March 6, 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 Thursday, U.S. stocks were pressured again by fears of a continued Middle East war.

The Dow Jones slumped 784 points (-1.61%) to 47,954, with Goldman Sachs (GS) losing 3.67%, Caterpillar (CAT) down 3.54%, and Walmart (WMT) down 3.52%.

The S&P 500 slipped 38 points (-0.56%) to 6,830, and the Nasdaq 100 eased 73 points (-0.29%) to 25,020.

Reports said more oil tankers were attacked in the Persian Gulf on Thursday.

And Azerbaijan, an oil-producing country, vowed retaliation after stating that four Iranian drones violated its borders.

U.S. WTI crude futures settled 6.35 dollars higher (+8.51%) at 81.01 dollars a barrel, the highest level since July 2024.

Morgan Stanley (MS) fell 3.00% after reports said the financial services firm may cut about 2,500 jobs or 3% of its workforce.

Moderna (MRNA) retreated 6.87% after surging 16% in the prior session.

Berkshire Hathaway (BRKB) rose 2.65% after disclosing it has resumed buying back its own shares for the first time since 2024. The company’s new CEO said he bought 15 million dollars of the stock himself, equivalent to his annual salary.

Broadcom (AVGO) jumped 4.80%. The chip maker reported better-than-expected quarterly results and gave an upbeat guidance for the current quarter.

Microsoft (MSFT) added 1.35%, extending its rebound to a fourth session.

U.S. Treasuries remained a sell, with the 10-year Treasury yield climbing in a fourth straight session reaching 4.140%.

European stocks returned to the downside, with the DAX 40 falling 1.61%, the CAC 40 down 1.49%, and the FTSE 100 down 1.45%.

Gold retreated 59 dollars (-1.14%) to 5,082 dollars an ounce.

Market Wrap: Forex

The U.S. dollar rose as fears of a prolonged war in the Middle East grew. The dollar rebounded to 99.07.

The latest number of initial jobless claims in the U.S. was stable at 213,000, slightly lower than expected.

The closely-watched U.S. non-farm payrolls and jobless rate for February will be released later today.

EUR/USD fell 26 pips to 1.1607.

USD/JPY gained 52 pips to 157.55.

GBP/USD dipped 16 pips to 1.3356, and AUD/USD was down 66 pips to 0.7007.

USD/CHF added 20 pips to 0.7809, and USD/CAD was up 33 pips to 1.3674.

Bitcoin retreated alongside risk assets, slipping 2% to 71,200 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: the bias remains bullish.

Pivot:

77.70

Our preference:

Long positions above 77.70 with targets at 82.10 & 84.00 in extension.

Alternative scenario:

Below 77.70 look for further downside with 75.60 & 73.30 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

Trade

Gold Intraday: key resistance at 5140.

Pivot:

5140

Our preference:

Short positions below 5140 with targets at 4995 & 4945 in extension.

Alternative scenario:

Above 5140 look for further upside with 5195 & 5225 as targets.

Comment:

As long as 5140 is resistance, expect a return to 4995.

Trade

USD/JPY Intraday: the bias remains bullish.

Pivot:

157.10

Our preference:

Long positions above 157.10 with targets at 157.85 & 158.20 in extension.

Alternative scenario:

Below 157.10 look for further downside with 156.75 & 156.45 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Trade

EUR/USD Intraday: towards 1.1655.

Pivot:

1.1570

Our preference:

Long positions above 1.1570 with targets at 1.1630 & 1.1655 in extension.

Alternative scenario:

Below 1.1570 look for further downside with 1.1550 & 1.1530 as targets.

Comment:

The RSI calls for a bounce.

Trade

Dow Jones (CME)‎ (H6)‎ Intraday: caution.

Pivot:

48140

Our preference:

Short positions below 48140 with targets at 47680 & 47550 in extension.

Alternative scenario:

Above 48140 look for further upside with 48300 & 48470 as targets.

Comment:

The index currently faces a challenging resistance area at 48140.

Trade

S&P 500 (CME)‎ (H6)‎ Intraday: caution.

Pivot:

6850

Our preference:

Short positions below 6850 with targets at 6772 & 6742 in extension.

Alternative scenario:

Above 6850 look for further upside with 6875 & 6895 as targets.

Comment:

The index currently faces a challenging resistance area at 6850.

Trade

GBP/USD Intraday: watch 1.3400.

Pivot:

1.3315

Our preference:

Long positions above 1.3315 with targets at 1.3375 & 1.3400 in extension.

Alternative scenario:

Below 1.3315 look for further downside with 1.3295 & 1.3275 as targets.

Comment:

The RSI advocates for further upside.

Trade

Silver Intraday: key resistance at 83.75.

Pivot:

83.75

Our preference:

Short positions below 83.75 with targets at 79.50 & 78.00 in extension.

Alternative scenario:

Above 83.75 look for further upside with 85.50 & 86.70 as targets.

Comment:

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

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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