DAILY NEWS BRIEF - MARKET OUTLOOK

August 3, 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 EUR/USD GBP/USD USD/JPY Silver Dow Jones (CME) S&P 500 (CME)

Market Wrap

Market Wrap: pre-opening session

U.S. market futures are well oriented as over the weekend, U.S. President Donald Trump said a new round of attacks against Iran will be cancelled subject to a quick deal with Iran.

On Friday, major U.S. stock indexes advanced further following a sharp rebound Thursday, with the S&P 500 rising 52 points (+0.70%) to 7,489, the Nasdaq 100 up 168 points (+0.60%) to 28,274, and the Dow Jones up 277 points (+0.53%) to 52,485.

On the stat front, in the U.S., the ISM manufacturing purchasing managers index is expected at 53.7 in July vs 53.3 in June.

Canada stocks markets are closed for Civic Holiday.

European indices trade mostly green with the Germany's DAX 40 posting new record highs. On the stat plan, in Germany, retail sales fell 1.1% month-on-month in June, compared with an expected 0.4% decline, after rising 1.1% the previous month.

Asian indices were mixed. Japan's Finance Ministry said it conducted a coordinated yen-buying operation with the U.S. Treasury on Friday. Regarding stats, China's RatingDog manufacturing purchasing managers index fell to 50.9 in July, below 51.5 expected.

WTI crude oil prices drop, trading around 80 dollars on declining tensions in the Middle East.

Gold trades sideways still holding the key 4,000 dollars threshold.

Bitcoin consolidates above 62,000 dollars.

Premarket news

Bristol-Myers Squibb (BMY) jumps after the Financial Times reported the pharma company and UK peer AstraZeneca held talks regarding a potential merger.

Micron Technology (MU), a manufacturer of memory chips, loses ground as Reuters reported that China's chipmaker CXMT is weighing plans to build a second memory chip plant in Beijing.

Alibaba (BABA), a Chinese tech giant, is well oriented after unveiling its latest flagship artificial intelligence model.

Ferguson (FERG), North America’s largest value-added distributor of essential water and air solutions, jumps as it will join the S&P 500 index before the open on August 5.

eBay (EBAY), a global electronic commerce platform, was downgraded to "underweight" from "equal weight" at Wells Fargo.

Expected Today

Palantir Technologies Inc (PLTR)

Vertex Pharmaceuticals Inc (VRTX)

Marriott International Inc (MAR)

Williams Companies Inc (WMB)

Diamondback Energy Inc (FANG)

ONEOK Inc (OKE)

ON Semiconductor Corp (ON)

EchoStar Corp (ECHO)

Loews Corp (L)

Tyson Foods Inc (TSN)

Canada

Last Friday, the S&P/TSX Composite Index dropped 0.79% to 35,226 and the S&P/TSX 60 Index fell 0.75% to 2,083.

Canada's stock market will be closed for Civic Holiday on Monday.

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Crude Oil (WTI)‎ (U6)‎ intraday: under pressure.

Pivot:

83.00

Our preference:

Short positions below 83.00 with targets at 77.40 & 75.50 in extension.

Alternative scenario:

Above 83.00 look for further upside with 85.00 & 86.85 as targets.

Comment:

As long as 83.00 is resistance, likely decline to 77.40.

Trade

Gold intraday : Look for 4,011

Our pivot point is at 4,093.

Our preference:

The downside prevails as long as 4,093 is resistance, with 4,011 and 3,989 as targets

Alternative scenario:

Above 4,093, look for 4,130 and 4,152.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 4,060 and 4,055).

Trade

EUR/USD intraday : Towards 1.1494

Our pivot point is at 1.1549.

Our preference:

Target 1.1480

Alternative scenario:

Above 1.1549, look for 1.1572 and 1.1585.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.1529 and 1.1524).

Trade

GBP/USD intraday : Towards 1.3416

Our pivot point is at 1.3486.

Our preference:

The downside prevails as long as 1.3486 is resistance, with 1.3416 and 1.3396 as targets

Alternative scenario:

Above 1.3486, look for 1.3519 and 1.3538.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 1.3465 and 1.3466).

Trade

USD/JPY intraday : 157.13 in sight

Our pivot point is at 156.33.

Our preference:

Rebound towards 157.29

Alternative scenario:

Below 156.33, expect 156.06 and 155.90.

Comment:

The price stands above its 20 period moving average (156.64) but below its 50 period moving average (157.84).

Trade

Silver intraday : Watch 56.78

Our pivot point is at 59.00.

Our preference:

The downside prevails as long as 59.00 is resistance, with 56.78 and 56.16 as targets

Alternative scenario:

Above 59.00, look for 60.04 and 60.65.

Comment:

The RSI is below its neutrality area at 50. The price is below its 20 period moving average (58.20) but above its 50 period moving average (57.96). The Silver is trading below its lower Bollinger band (standing at 57.98).

Trade

Dow Jones (CME)‎ (U6)‎ intraday: 53080 expected.

Pivot:

52580

Our preference:

Long positions above 52580 with targets at 53080 & 53320 in extension.

Alternative scenario:

Below 52580 look for further downside with 52350 & 52120 as targets.

Comment:

The next resistances are at 53080 and then at 53320.

Trade

S&P 500 (CME)‎ (U6)‎ intraday: towards 7590.

Pivot:

7507

Our preference:

Long positions above 7507 with targets at 7590 & 7630 in extension.

Alternative scenario:

Below 7507 look for further downside with 7474 & 7448 as targets.

Comment:

The RSI is bullish and calls for further advance.

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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