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.
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DAILY NEWS BRIEF - MARKET OUTLOOK
March 16, 2026
 
   
 
Crude Oil (WTI)   EUR/USD   GBP/USD   USD/JPY   Gold   Silver   Dow Jones (CME)   S&P 500 (CME)  
 
 
  Market Wrap  
 
  Market Wrap: pre-opening session  
 
 
U.S. market futures are slightly up to start the week.

On Friday, major U.S. stock indexes posted further losses after sliding over 1.5% Thursday, with the S&P 500 slipping 40 points (-0.61%) to 6,632.

The Nasdaq 100 fell 152 points (-0.62%) to 24,380, and the Dow Jones was down 119 points (-0.26%) to 46,558.

On a weekly basis, all the three indexes declined for three straight weeks.

Oil prices remained buoyed despite U.S. President Donald Trump temporarily easing sanctions on Russian oil to calm supply concerns.

Over the weekend, Trump threatened more strikes on Kharg Island, Iran’s main oil export hub, adding he was not ready to reach a deal to end the war.

On the stat front in the U.S. the Empire State manufacturing index is expected at 3.0 in March vs 7.1 in February. Separately, industrial production is anticipated to grow 0.3% month-on-month in February after +0.7% in January.

Canada's inflation rate is estimated to slow to 2.1% year-on-year in February from 2.3% a month earlier.

European indices are little changed.

Asian indexes were mixed. On the stat plan, China's industrial production rose 6.3% year-on-year in January-February, above 5.0% expected, and retail sales grew 2.8%, above 1.1% estimated.

WTI crude oil prices ease around 97 dollars after topping 100 dollars overnight.

Gold and silver both lose ground as U.S. dollar jumps.

Bitcoin remains well oriented, currently trading above 73,000 dollars.
 
 
  Premarket news  
 
 
Meta Platforms (META), a tech giant, is preparing new layoffs affecting at least 20% of its workforce, according to Reuters. Separately, Nebius (NBIS), a Dutch AI cloud company, announced a new long-term AI infrastructure supply agreement with Meta. The agreement has a contract value of up to approximately 27 billion dollars.

Micron Technology (MU)'s, a manufacturer of memory chips, target price was raised to 525 dollars from 425 dollars at RBC.

Dollar Tree (DLTR), a discount store chain, loses ground as full-year sales forecast missed estimates.

Upstart Holdings (UPST), an artificial intelligence (AI) lending platform, was upgraded to "buy" from "neutral" at BTIG.
 
 
  Expected Today  
 
 
Dollar Tree (DLTR)
 
 
  Canada  
 
 
On Friday, the S&P/TSX Composite Index fell 0.91% to 32,542, and the S&P/TSX 60 Index dropped 0.66% to 1,891.

Canadian Natural Resources (CNQ)'s, an energy company, target price was raised to 59 dollars from 48 dollars at Jefferies. Peer Suncor Energy (SU)'s target price was raised to 82 dollars from 66 dollars still at Jefferies.

Altius Minerals (ALS)'s, a royalty company, target price was raised to 51 dollars from 47 dollars at Canaccord Genuity.
 
 
 
 
  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: expect 91.50.
 
Pivot:
96.55
 
Our preference:
Short positions below 96.55 with targets at 91.50 & 89.90 in extension.
 
Alternative scenario:
Above 96.55 look for further upside with 98.20 & 101.10 as targets.
 
Comment:
The RSI is below its neutrality area at 50%
 
Analyst Views Chart
 
Trade
 
 
 
 
 
EUR/USD intraday : the upside prevails as long as 1.1499 is support
 
Our pivot point is at 1.1499.
 
Our preference:
The upside prevails as long as 1.1499 is support
 
Alternative scenario:
Below 1.1499, expect 1.1475 and 1.1461.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1485 and 1.1456).
 
Analyst Views Chart
 
Trade
 
 
 
 
 
GBP/USD intraday : the upside prevails as long as 1.3303 is support
 
Our pivot point is at 1.3303.
 
Our preference:
The upside prevails as long as 1.3303 is support
 
Alternative scenario:
Below 1.3303, expect 1.3269 and 1.3249.
 
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. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.3291 and 1.3264).
 
Analyst Views Chart
 
Trade
 
 
 
 
 
USD/JPY intraday : the downside prevails as long as 159.41 is resistance
 
Our pivot point is at 159.41.
 
Our preference:
The downside prevails as long as 159.41 is resistance
 
Alternative scenario:
Above 159.41, look for 159.91 and 160.22.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 159.17 and 159.37).
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Gold Intraday: range.
 
Pivot:
5036
 
Our preference:
Short positions below 5036 with targets at 4965 & 4945 in extension.
 
Alternative scenario:
Above 5036 look for further upside with 5068 & 5100 as targets.
 
Comment:
The upward potential is likely to be limited by the resistance at 5036.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Silver Intraday: look for 78.80.
 
Pivot:
81.50
 
Our preference:
Short positions below 81.50 with targets at 78.80 & 77.00 in extension.
 
Alternative scenario:
Above 81.50 look for further upside with 83.00 & 84.40 as targets.
 
Comment:
As long as 81.50 is resistance, expect a return to 78.80.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Dow Jones (CME)‎ (M6)‎ Intraday: choppy.
 
Pivot:
47140
 
Our preference:
Long positions above 47140 with targets at 47550 & 47780 in extension.
 
Alternative scenario:
Below 47140 look for further downside with 46900 & 46760 as targets.
 
Comment:
The RSI is around its neutrality area at 50%
 
Analyst Views Chart
 
Trade
 
 
 
 
 
S&P 500 (CME)‎ (M6)‎ Intraday: up turn.
 
Pivot:
6730
 
Our preference:
Long positions above 6730 with targets at 6785 & 6810 in extension.
 
Alternative scenario:
Below 6730 look for further downside with 6693 & 6675 as targets.
 
Comment:
The RSI is bullish and calls for further upside.
 
Analyst Views Chart
 
Trade
 
 
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