DAILY NEWS BRIEF - MARKET OUTLOOK

June 26, 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 Dow Jones (CME) S&P 500 (CME) Silver

Market Wrap

Market Wrap: Stocks, Bonds, Commodities

On Thursday, the major U.S. equity indices stayed choppy. The S&P 500 slipped 1 point (-0.01%) to 7,357, while the Nasdaq 100 rose 220 points (+0.75%) to 29,440 and the Dow gained 71 points (+0.14%) to 51,920.

Micron Technology (MU) surged 15.74% amid stronger-than-expected third-quarter results and solid fourth-quarter guidance. Peer SanDisk (SNDK) jumped 21.97% and Western Digital (WDC) rose 4.90%.

Apple (AAPL) fell 6.12% after increasing prices on nearly all its major products as higher costs from memory and storage chip shortages pressured margins.

Microsoft (MSFT) declined 3.46% as it raised prices on Xbox consoles worldwide in response to rising costs for storage and memory technologies.

Amazon.com (AMZN) dropped 3.10%. The company announced plans to invest an additional 13 billion dollars in India by 2030 to support artificial intelligence and cloud infrastructure.

QUALCOMM (QCOM) gained 3.79% after forecasting that its data center business will generate more than 15 billion dollars in sales by fiscal 2029.

In U.S. economic data, the core personal consumption expenditures price index rose 3.4% year-on-year in May as expected. Durable goods orders fell 4.5% month-on-month in May, more than the estimated decline of 4.0%.

The U.S. 10-year Treasury yield fell to 4.392%.

At the European close, the DAX 40 gained 1.03%, the CAC 40 rose 0.55%, and the FTSE 100 climbed 0.65%.

In the commodities market, gold rose 29 dollars (+0.72%) to 4,029 dollars. U.S. WTI crude oil futures (August) rebounded 1.58 dollars (+2.25%) to 71.92 dollars a barrel after reports that Iran’s Islamic Revolutionary Guard Corps attacked a Singapore-flagged cargo ship in the Strait of Hormuz.

Market Wrap: Forex

The U.S. dollar eased, with the dollar index falling 0.18 points (-0.17%) to 101.43.

EUR/USD increased 15 pips (+0.13%) to 1.1372. Germany’s GfK consumer confidence index registered -29.2 for July, versus the -27.5 forecast.

GBP/USD advanced 30 pips (+0.23%) to 1.3195.

USD/JPY gained 2 pips (+0.01%) to 161.79.

USD/CHF dipped 24 pips (-0.30%) to 0.8096.

AUD/USD rose 10 pips (+0.14%) to 0.6909. Australia’s payrolls rose by 40,300 in May, more than 26,000 expected.

USD/CAD slipped 35 pips (-0.25%) to 1.4197.

In the cryptocurrency market, Bitcoin dropped 1,393 dollars (-2.29%) to 59,507 dollars, while Ethereum slid 47 dollars (-2.94%) to 1,564 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: the bias remains bullish.

Pivot:

70.10

Our preference:

Long positions above 70.10 with targets at 72.50 & 73.50 in extension.

Alternative scenario:

Below 70.10 look for further downside with 68.90 & 67.50 as targets.

Comment:

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

Trade

Gold intraday: turning down.

Pivot:

4045

Our preference:

Short positions below 4045 with targets at 3940 & 3900 in extension.

Alternative scenario:

Above 4045 look for further upside with 4090 & 4140 as targets.

Comment:

The RSI is bearish and calls for further downside.

Trade

GBP/USD intraday: intraday support around 1.3155.

Pivot:

1.3155

Our preference:

Long positions above 1.3155 with targets at 1.3220 & 1.3240 in extension.

Alternative scenario:

Below 1.3155 look for further downside with 1.3140 & 1.3120 as targets.

Comment:

The next resistances are at 1.3220 and then at 1.3240.

Trade

USD/JPY intraday: consolidation in place.

Pivot:

161.95

Our preference:

Short positions below 161.95 with targets at 161.55 & 161.40 in extension.

Alternative scenario:

Above 161.95 look for further upside with 162.10 & 162.25 as targets.

Comment:

The RSI lacks upward momentum.

Trade

EUR/USD intraday: range.

Pivot:

1.1335

Our preference:

Long positions above 1.1335 with targets at 1.1390 & 1.1410 in extension.

Alternative scenario:

Below 1.1335 look for further downside with 1.1320 & 1.1300 as targets.

Comment:

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

Trade

Dow Jones (CME)‎ (U6)‎ intraday: consolidation in place.

Pivot:

52620

Our preference:

Short positions below 52620 with targets at 51930 & 51720 in extension.

Alternative scenario:

Above 52620 look for further upside with 53030 & 53440 as targets.

Comment:

The RSI advocates for further downside.

Trade

S&P 500 (CME)‎ (U6)‎ intraday: the downside prevails.

Pivot:

7455

Our preference:

Short positions below 7455 with targets at 7330 & 7295 in extension.

Alternative scenario:

Above 7455 look for further upside with 7490 & 7525 as targets.

Comment:

The RSI shows downside momentum.

Trade

Silver intraday: turning down.

Pivot:

57.60

Our preference:

Short positions below 57.60 with targets at 54.60 & 53.30 in extension.

Alternative scenario:

Above 57.60 look for further upside with 58.80 & 59.60 as targets.

Comment:

The RSI is bearish and calls for further decline.

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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