DAILY NEWS BRIEF - MARKET OUTLOOK

October 9, 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, the Nasdaq 100 fell 434 points (-1.39%) to 30,725 and the S&P 500 slipped 36 points (-0.47%) to 7,765, while the Dow Jones edged up 51 points (+0.10%) to 51,231.

Both the Nasdaq 100 and the S&P 500 fell for a second session.

Semiconductor and AI-related stocks sold off after OpenAI clarified that annualized revenue was about 50 billion dollars at the end of September, well below earlier estimates of 68 billion to 70 billion dollars.

Nvidia (NVDA) declined 2.94%, Advanced Micro Devices (AMD) fell 3.90%, and Taiwan Semiconductor (TSM) lost 3.01%.

Micron Technology (MU) fell 4.79%, Broadcom (AVGO) lost 4.35%, and Intel (INTC) was down 5.34%.

Coherent (COHR) dropped 9.63%, Bloom Energy (BE) sank 6.34%, and Sandisk (SNDK) was down 4.90%.

Energy shares led the session, with Marathon Petroleum (MPC) rising 4.77%, Diamondback Energy (FANG) up 3.96%, APA Corp (APA) up 3.79%, and Chevron (CVX) up 3.12%.

Chipotle Mexican Grill (CMG) jumped 6.21% after the Financial Times reported that Starbucks had explored buying the restaurant chain.

PepsiCo (PEP) rose 3.73% after third-quarter results beat expectations, even as the company cut its full-year earnings outlook and flagged further cost cuts.

European stocks also closed lower, with the DAX 40 declining 1.18%, the CAC 40 down 0.51%, and the FTSE 100 down 0.16%.

U.S. WTI crude futures rebounded 3.21 dollars (+3.64%) to around 91.49 dollars a barrel. Oil prices jumped as more tankers transiting the Strait of Hormuz were attacked by Iran, while U.S. offshore oil production in the Gulf of Mexico was threatened by Hurricane Isaias.

Meanwhile, U.S. President Donald Trump said the U.S. would not attack Iran before the midterm elections in November.

The U.S. 10-year Treasury yield retreated 5.1 basis points to 5.235%.

Spot gold added 22 dollars to 4,134 dollars an ounce.

Market Wrap: Forex

The U.S. dollar eased slightly as Treasury yields pulled back from Wednesday's highs and Federal Reserve Governor Christopher Waller signaled flexibility on the pace of further rate hikes.

EUR/USD rose 14 pips to 1.1209, while USD/JPY fell 20 pips to 157.856.

GBP/USD rose 14 pips to 1.3227, while AUD/USD dipped 5 pips to 0.6957.

USD/CHF dropped 15 pips to 0.8317, and USD/CAD declined 32 pips to 1.4224.

Bitcoin fell further, crossing below 82,000 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)‎ (X6)‎ intraday: consolidation in place.

Pivot:

93.20

Our preference:

Short positions below 93.20 with targets at 89.30 & 88.00 in extension.

Alternative scenario:

Above 93.20 look for further upside with 94.50 & 96.00 as targets.

Comment:

As long as 93.20 is resistance, look for choppy price action with a bearish bias.

Trade

Gold intraday : The upside prevails as long as 4,105 is support

Our pivot point is at 4,105.

Our preference:

The upside prevails as long as 4,105 is support, with 4,191 and 4,215 as targets

Alternative scenario:

Below 4,105, expect 4,066 and 4,042.

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 4,130 and 4,126).

Trade

USD/JPY intraday : Target 157.41

Our pivot point is at 158.43.

Our preference:

Under pressure below 158.43, with 157.41 and 157.17 as targets

Alternative scenario:

Above 158.43, look for 158.84 and 159.08.

Comment:

The MACD is above its signal line and negative. The price stands above its 20 period moving average (157.96) but below its 50 period moving average (158.06).

Trade

EUR/USD intraday : 1.1237 expected

Our pivot point is at 1.1194.

Our preference:

The upside prevails as long as 1.1194 is support, with 1.1237 and 1.1248 as targets

Alternative scenario:

Below 1.1194, expect 1.1175 and 1.1163.

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 1.1208 and 1.1200).

Trade

Dow Jones (CME)‎ (Z6)‎ intraday: rebound expected.

Pivot:

51200

Our preference:

Long positions above 51200 with targets at 51785 & 51965 in extension.

Alternative scenario:

Below 51200 look for further downside with 50915 & 50700 as targets.

Comment:

The RSI calls for a rebound.

Trade

S&P 500 (CME)‎ (Z6)‎ intraday: key resistance at 7858.

Pivot:

7858

Our preference:

Short positions below 7858 with targets at 7784 & 7750 in extension.

Alternative scenario:

Above 7858 look for further upside with 7897 & 7925 as targets.

Comment:

As long as 7858 is resistance, look for choppy price action with a bearish bias.

Trade

GBP/USD intraday : Risk escalating

Our pivot point is at 1.3244.

Our preference:

The downside prevails as long as 1.3244 is resistance, with 1.3176 and 1.3161 as targets

Alternative scenario:

Above 1.3244, look for 1.3269 and 1.3284.

Comment:

Price is close to our pivot level; this could be the last opportunity for a reversal.

Trade

Silver intraday : Look for 58.45

Our pivot point is at 60.61.

Our preference:

The downside prevails as long as 60.61 is resistance, with 58.45 and 57.89 as targets

Alternative scenario:

Above 60.61, look for 61.56 and 62.12.

Comment:

The market continues to navigate between key technical levels.

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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