DAILY NEWS BRIEF - MARKET OUTLOOK

September 1, 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 lose ground to start September as oil continues to rise as well as Treasury yields. On Monday, the S&P 500 fell 25 points (-0.33%) to 7,686, and the Dow Jones dropped 374 points (-0.70%) to 53,185, while the Nasdaq 100 edged up 23 points (+0.08%) to 29,456.

For the month of August, the S&P 500 advanced 2.62% and the Nasdaq 100 rebounded 4.18%.

On the stat front in the U.S. the ISM manufacturing index is expected at 55.2 in August vs 55.6 in July. Separately, the JOLTs job openings for July are estimated at 7.3 million.

European indices trade red. On the stat plan, in the eurozone, inflation came in at 3.3% year-on-year in first reading, in line with expectations, after 2.9% in July. Separately, in Germany, retail sales fell 3.4% month-on-month in July, versus a 0.4% increase expected, after declining 1.1% in the previous month (revised from -0.7%).

Asian indices were mostly slightly down. Regarding stats, China's RatingDog Manufacturing Purchasing Managers' Index rose to 51.5 in August (vs 51.0 expected).

WTI crude oil prices crossed above 87.00 dollars on rising tensions in the Middle East.

Gold is badly oriented, crossing below 4,400 dollars.

Bitcoin is little changed, around 78,000 dollars.

Bitcoin attempts to rebound above 77,000 dollars after easing 3% on Friday.

Premarket news

Robinhood (HOOD), a commission-free stock trading & investing app, was upgraded to "overweight" from "equal-weight" at Morgan Stanley.

Medtronic (MDT), a developer and manufacturer of therapeutic medical devices, jumps after lifting full-year guidance.

Duolingo (DUOL), a mobile learning platform, was upgraded to "outperform" from "in line" at Evercore ISI.

Hut 8 (HUT), a digital infrastructure firm, gains ground following reports that the company will build a data center under a cloud agreement between Anthropic and Lambda. Lambda is a cloud provider backed by Nvidia (NVDA).

Tempus AI (TEM), a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare, was upgraded to "overweight" from "neutral" at Piper Sandler.

Expected Today

Palo Alto Networks Inc (PANW)

Dell Technologies Inc (DELL)

MongoDB Inc (MDB)

GitLab Inc (GTLB)

Minimed Group Inc (MMED)

Canada

On Monday, the S&P/TSX Composite Index dropped 0.78% to 36,270 and the S&P/TSX 60 Index declined 0.72% to 2,128.

TC Energy (TRP), an energy infrastructure company, was upgraded to "buy" from "hold" at Jefferies. On the other hand, Jefferies cut target price on Enbridge (ENB) to 70 dollars from 79 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)‎ (V6)‎ intraday: further upside.

Pivot:

85.30

Our preference:

Long positions above 85.30 with targets at 89.60 & 91.00 in extension.

Alternative scenario:

Below 85.30 look for further downside with 84.15 & 83.30 as targets.

Comment:

The next resistances are at 89.60 and then at 91.00.

Trade

Gold intraday : Towards 4,323

Our pivot point is at 4,458.

Our preference:

The downside prevails as long as 4,458 is resistance, with 4,323 and 4,293 as targets

Alternative scenario:

Above 4,458, look for 4,508 and 4,538.

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 4,416 and 4,432).

Trade

EUR/USD intraday : Target 1.1562

Our pivot point is at 1.1614.

Our preference:

The downside prevails as long as 1.1614 is resistance, with 1.1562 and 1.1548 as targets

Alternative scenario:

Above 1.1614, look for 1.1636 and 1.1650.

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 1.1602 and 1.1608).

Trade

GBP/USD intraday : Aim at 1.3512

Our pivot point is at 1.3567.

Our preference:

Target 1.3497

Alternative scenario:

Above 1.3567, look for 1.3593 and 1.3609.

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 1.3541 and 1.3545).

Trade

USD/JPY intraday : The upside prevails as long as 159.76 is support

Our pivot point is at 159.76.

Our preference:

The upside prevails as long as 159.76 is support, with 160.49 and 160.69 as targets

Alternative scenario:

Below 159.76, expect 159.44 and 159.25.

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 159.90 and 159.81).

Trade

Silver intraday : The downside prevails as long as 66.00 is resistance

Our pivot point is at 66.00.

Our preference:

The downside prevails as long as 66.00 is resistance, with 63.48 and 62.83 as targets

Alternative scenario:

Above 66.00, look for 67.09 and 67.74.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 period moving average (respectively at 66.04 and 66.36).

Trade

Dow Jones (CME)‎ (U6)‎ intraday: towards 52790.

Pivot:

53340

Our preference:

Short positions below 53340 with targets at 52790 & 52600 in extension.

Alternative scenario:

Above 53340 look for further upside with 53570 & 53760 as targets.

Comment:

The RSI is bearish and calls for further decline.

Trade

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

Pivot:

7718

Our preference:

Short positions below 7718 with targets at 7629 & 7600 in extension.

Alternative scenario:

Above 7718 look for further upside with 7755 & 7782 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.

VPFX is the trading name for Ventura Prime FX Limited with registration number LL16224 registered in Labuan F.T., Malaysia.

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