DAILY NEWS BRIEF - MARKET OUTLOOK

November 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 – particularly semiconductor and AI-infrastructure stocks – encountered a severe selloff, with the Nasdaq 100 plunging 1,807 points (−6.36%) to 26,629, its biggest one-day percentage loss since March 2020.

The S&P 500 sank 334 points (−4.36%) to 7,353, and the Dow Jones was down 1,833 points (−3.44%) to 51,523.

The selloff was led by semiconductors and AI-infrastructure stocks amid concerns that Democrats’ landslide win in the midterm elections would translate into slowing spending on construction of data centers and AI infrastructure.

Semiconductor stocks were crushed, with Nvidia (NVDA) tumbling 9.26%, erasing all gains made year to date, Micron Technology (MU) down 17.46%, and Advanced Micro Devices (AMD) down 17.26%.

Also, Arm Holdings (ARM) fell 13.08%, Taiwan Semiconductor Manufacturing (TSM) dropped 10.78%, Broadcom (AVGO) lost 10.43%, Intel (INTC) declined 10.33%, and Qualcomm (QCOM) was down 9.49%.

AI infrastructure and hardware stocks also sold off hard, with Bloom Energy (BE) dropping 16.41%, Dell Technologies (DELL) down 14.89%, and Akamai Technologies (AKAM) down 9.41%.

Data-storage stocks were not spared, with Sandisk (SNDK) plummeting 22.26%, Western Digital (WDC) down 17.35%, and Seagate Technology (STX) down 16.25%.

All mega caps slid alongside Nvidia, with Tesla (TSLA) sinking 10.77%, Meta Platforms (META) down 3.96%, Microsoft (MSFT) down 3.58%, Amazon (AMZN) down 2.19%, Alphabet (GOOGL) down 2.20%, and Apple (AAPL) down 1.53%.

Meanwhile, AppLovin (APP), an AI-powered advertising technology company, surged 31.04% after reporting stronger-than-expected third-quarter earnings and revenue.

The U.S. 10-year Treasury yield continued its downdrift, slipping 4.7 basis points to 4.843%.

In Europe, both the DAX 40 and the FTSE 100 closed 0.43% lower, while the CAC 40 gained 0.34%.

U.S. WTI crude futures settled 2.40 dollars higher (+2.72%) at 90.52 dollars a barrel, bouncing after Wednesday’s crash as markets reassessed the Iran-war path.

Spot gold managed to keep a footing above the key level of 4,000 dollars an ounce, as it added 26 dollars to 4,088 dollars an ounce.

Market Wrap: Forex

The U.S. dollar was stable, with EUR/USD slipping 9 pips to 1.1218 and GBP/USD falling 23 pips to 1.3448, and AUD/USD dropping 75 pips (-1.07%) to 0.6929.

Meanwhile, USD/JPY declined 64 pips to 157.78.

As expected, the Bank of England raised its key interest rate by 25 basis points to 4.00%, its first rate hike since August 2023.

Later today, the U.S. will post its official jobs report for October, which is expected to show an addition of 65,000 non-farm payrolls with a stable jobless rate of 4.2%.

Bitcoin tumbled alongside risk assets, losing 6% to trade at 75,400 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: 85.00 expected.

Pivot:

97.00

Our preference:

Short positions below 97.00 with targets at 85.00 & 80.00 in extension.

Alternative scenario:

Above 97.00 look for further upside with 100.00 & 102.00 as targets.

Comment:

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

Trade

Gold intraday : Trend at a crossroads

Our pivot point is at 4,059.

Our preference:

The upside prevails as long as 4,059 is support, with 4,160 and 4,180 as targets

Alternative scenario:

Below 4,059, expect 4,025 and 4,005.

Comment:

Price is almost testing our pivot level; this may be the last chance for a reversal.

Trade

USD/JPY intraday : Towards 157.55

Our pivot point is at 158.14.

Our preference:

The downside prevails as long as 158.14 is resistance, with 157.55 and 157.43 as targets

Alternative scenario:

Above 158.14, look for 158.35 and 158.48.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands above its 20 period moving average (157.73) but below its 50 period moving average (157.98).

Trade

EUR/USD intraday : Pivot threshold in sight

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 asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.

Trade

Dow Jones (CME)‎ (Z6)‎ intraday: under pressure.

Pivot:

53000

Our preference:

Short positions below 53000 with targets at 51000 & 49500 in extension.

Alternative scenario:

Above 53000 look for further upside with 53855 & 55000 as targets.

Comment:

The RSI has broken down its 30 level.

Trade

S&P 500 (CME)‎ (Z6)‎ intraday: under pressure.

Pivot:

7580

Our preference:

Short positions below 7580 with targets at 7200 & 7000 in extension.

Alternative scenario:

Above 7580 look for further upside with 7652 & 7750 as targets.

Comment:

The RSI shows downside momentum.

Trade

GBP/USD intraday : Look for 1.3498

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:

A break of the next key level will determine the market's next direction.

Trade

Silver intraday : Key support level approaches

Our pivot point is at 53.20.

Our preference:

The downside prevails as long as 53.20 is resistance, with 50.63 and 50.14 as targets

Alternative scenario:

Above 53.20, look for 54.04 and 54.54.

Comment:

Prices are now edging toward our first target. Should this level be reached, a pullback is likely to surface; yet a convincing break below it could open the door to further losses.

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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