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 23, 2026
 
   
 
Crude Oil (WTI)   Gold   GBP/USD   USD/JPY   EUR/USD   Silver   Dow Jones (CME)   S&P 500 (CME)  
 
 
  Market Wrap  
 
  Market Wrap: Stocks, Bonds, Commodities  
 
 
On Friday, U.S. stocks encountered another round of sell-off, with the S&P 500 falling 100 points (-1.51%) to 6,506, and the Nasdaq 100 down 457 points (-1.88%) to 23,898.

The Dow Jones dropped 443 points (-0.96%) to 45,577.

On a weekly basis, the major stock indexes posted a four-week losing streak.

Market sentiment was heavily weighed on by concerns that, the prolonged Iran war would keep boosting oil prices and inflation, lowering chances of the Federal Reserve cutting interest rates.

The U.S. 10-year Treasury yield bounced 13.5 basis points to 4.384%, the highest level since August 2025.

On Saturday, U.S. President Donald Trump threatened to destroy Iran’s power plants if Iran did not fully reopen the Strait of Hormuz within 48 hours. In return, Iran threatened to strike the energy and water systems of its neighbours in the Gulf.

U.S. WTI crude-oil futures settled 2.68 dollars (+2.80%) at 98.23 dollars a barrel on Friday, and struck 100 dollars a barrel in early Asian hours on Monday.

All tech giants lost ground on Friday, with Nvidia (NVDA) falling 3.28%, Tesla (TSLA) down 3.24%, Meta (META) down 2.15%, Alphabet (GOOGL) down 2.00%, and Microsoft (MSFT) down 1.84%.

Micron Technology (MU) fell a further 4.81%.

Data-storage stocks, which outperformed the market earlier in the week, also retreated, with Sandisk (SNDK) losing 8.08%, Western Digital (WDC) down 7.52%, and Seagate Technology (STX) down 5.38%.

Super Micro Computer (SMCI) plummeted 33.32%. A co-founder of the server company was arrested by U.S. authorities on charges of smuggling Nvidia chips to China.

European stocks dropped sharply for a second straight session, with the DAX 40 sliding 2.01%, the CAC 40 down 1.82%, and the FTSE 100 down 1.44%.

Gold marked the third consecutive session of over-3% loss on Friday, tumbling 158 dollars (-3.41%) to 4,491 dollars an ounce.
 
 
  Market Wrap: Forex  
 
 
The U.S. dollar regained some strength on Friday, with the dollar index climbing to 99.56.

Rallying oil prices are driving expectations of higher inflation, and investors become less certain about the Fed cutting interest rates soon.

EUR/USD fell 25 pips to 1.1563. Germany’s producer prices fell 3.3% year on year in February after dropping 3.0% in January.

USD/JPY rose 158 pips (+1.00%) to 159.30.

GBP/USD declined 96 pips to 1.3334, and AUD/USD dropped 71 pips (-1.00%) to 0.7015.

USD/CHF was little changed at 0.7878, while USD/CAD fell 20 pips to 1.3718.

Gold marked the third consecutive session of over-3% loss on Friday, tumbling 158 dollars (-3.41%) to 4,491 dollars an ounce.

Over the weekend, Bitcoin crossed below the key level of 70,000 dollars.
 
 
  Morning Trading  
 
 
In Asian trading hours, EUR/USD dropped to 1.1546 and GBP/USD fell to 1.3318.

Meanwhile, USD/JPY advanced to 159.54.

Gold extended its decline to 4,361 dollars, its lowest level since early January.

Bitcoin remained subdued at 68,188 dollars.
 
 
  Expected Today  
 
 
In the U.S., Chicago Fed manufacturing index is expected to climb to 0.27 in February.
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Crude Oil (WTI)‎ (K6)‎ Intraday: further advance.
 
Pivot:
96.00
 
Our preference:
Long positions above 96.00 with targets at 100.50 & 102.00 in extension.
 
Alternative scenario:
Below 96.00 look for further downside with 94.00 & 92.45 as targets.
 
Comment:
The RSI shows upside momentum.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Gold Intraday: aim @ 4130.
 
Pivot:
4515
 
Our preference:
Short positions below 4515 with targets at 4280 & 4130 in extension.
 
Alternative scenario:
Above 4515 look for further upside with 4610 & 4735 as targets.
 
Comment:
The RSI has broken down its 30 level.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
GBP/USD Intraday: towards 1.3295.
 
Pivot:
1.3360
 
Our preference:
Short positions below 1.3360 with targets at 1.3295 & 1.3260 in extension.
 
Alternative scenario:
Above 1.3360 look for further upside with 1.3400 & 1.3430 as targets.
 
Comment:
A break below 1.3295 would trigger a drop towards 1.3260.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
USD/JPY Intraday: supported by a rising trend line.
 
Pivot:
158.70
 
Our preference:
Long positions above 158.70 with targets at 159.90 & 160.35 in extension.
 
Alternative scenario:
Below 158.70 look for further downside with 158.25 & 157.85 as targets.
 
Comment:
The RSI lacks downward momentum.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
EUR/USD Intraday: towards 1.1525.
 
Pivot:
1.1585
 
Our preference:
Short positions below 1.1585 with targets at 1.1525 & 1.1500 in extension.
 
Alternative scenario:
Above 1.1585 look for further upside with 1.1615 & 1.1640 as targets.
 
Comment:
A break below 1.1525 would trigger a drop towards 1.1500.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Silver Intraday: under pressure.
 
Pivot:
69.10
 
Our preference:
Short positions below 69.10 with targets at 63.85 & 62.00 in extension.
 
Alternative scenario:
Above 69.10 look for further upside with 71.30 & 73.50 as targets.
 
Comment:
The RSI has broken down its 30 level.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Dow Jones (CME)‎ (M6)‎ Intraday: 45300 expected.
 
Pivot:
46260
 
Our preference:
Short positions below 46260 with targets at 45300 & 45000 in extension.
 
Alternative scenario:
Above 46260 look for further upside with 46620 & 47000 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
S&P 500 (CME)‎ (M6)‎ Intraday: the downside prevails.
 
Pivot:
6615
 
Our preference:
Short positions below 6615 with targets at 6475 & 6410 in extension.
 
Alternative scenario:
Above 6615 look for further upside with 6691 & 6760 as targets.
 
Comment:
The RSI is bearish and calls for further decline.
 
Analyst Views Chart
 
Trade
 
 
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