DAILY NEWS BRIEF - MARKET OUTLOOK

November 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 USD/JPY EUR/USD Dow Jones (CME) S&P 500 (CME) GBP/USD Silver

Market Wrap

Market Wrap: Stocks, Bonds, Commodities

On Monday, the Dow Jones rose 213 points (+0.41%) to 51,983, while the S&P 500 fell 38 points (-0.51%) to 7,541, and the Nasdaq 100 dropped 395 points (-1.39%) to 27,989.

A sharp oil selloff on U.S.–Iran diplomacy hopes lifted cyclical and airline stocks, while semiconductor, AI-infrastructure and software stocks stayed under pressure.

U.S. WTI crude futures retreated 7.66 dollars (-7.36%) to 96.46 dollars a barrel. U.S. Secretary of State Marco Rubio said President Donald Trump prefers a peaceful path with Iran and has not decided on an attack. Iran’s president pointed out that Tehran is seeking dialogue, and its foreign minister said a deal is possible if Washington shows goodwill.

Airlines rallied on lower oil prices, with JetBlue Airways (JBLU) surging 11.23%, United Airlines (UAL) up 4.80%, Delta Air Lines (DAL) up 4.08%, and American Airlines (AAL) up 3.81%.

Energy stocks retreated, with ExxonMobil (XOM) falling 4.05% and Chevron (CVX) down 3.29%.

Semiconductor stocks remained under pressure, with Advanced Micro Devices (AMD) losing 7.52%, Micron Technology (MU) down 5.78%, Nvidia (NVDA) down 1.26%, and Broadcom (AVGO) down 1.18%.

Intel (INTC) sank a further 8.80% after plunging 29% last Friday.

Marvell Technology (MRVL) tumbled 12.72% and Lumentum Holdings (LITE) plunged 18.59% after Marvell agreed to buy Lumentum in an all-stock deal valuing the target at about 115 billion dollars of enterprise value.

Oracle (ORCL) tumbled 8.76% after filing to raise about 20 billion dollars — by selling stocks and bonds — to fund its AI and cloud buildout.

Apple (AAPL) closed 1.83% lower, and slid 4% further in after-market hours despite the tech giant posting better-than-expected quarterly results. iPhone revenue came in as 57.58 billion dollars, more than expected.

Palantir Technologies (PLTR) closed 3.08% lower, and lost a further 4% in after-market hours. The company reported third-quarter revenue and earnings that exceeded market expectations, and raised its full-year revenue guidance above consensus levels.

The 10-year Treasury yield was soft at 4.912%, posting a five-session decline.

European stocks closed higher, with the DAX 40 rising 0.63%, the CAC 40 up 0.98%, and the FTSE 100 up 0.29%.

Spot gold rebounded 71 dollars (+1.84%) to 3,946 dollars an ounce.

Market Wrap: Forex

The U.S. dollar softened against other major currencies, with EUR/USD gaining 30 pips to 1.1187 and GBP/USD up 19 pips to 1.3409.

USD/JPY added 36 pips to 157.93, halting a three-session decline.

The U.S. Institute for Supply Management (ISM) manufacturing index rose to 55.5 in October, higher than expected.

Meanwhile, USD/CHF slipped 62 pips to 0.8188, and AUD/USD was down 34 pips to 0.6999.

Australia’s central bank is widely expected to hike its key interest rate by 25 basis points to 4.85% later today.

Bitcoin lost traction, sliding 2% to 76,700 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: key resistance at 100.00.

Pivot:

100.00

Our preference:

Short positions below 100.00 with targets at 95.00 & 92.00 in extension.

Alternative scenario:

Above 100.00 look for further upside with 102.00 & 103.35 as targets.

Comment:

The RSI is mixed with a bearish bias.

Trade

Gold intraday : Aim at 4,005

Our pivot point is at 3,930.

Our preference:

The upside prevails as long as 3,930 is support, with 4,005 and 4,025 as targets

Alternative scenario:

Below 3,930, expect 3,897 and 3,877.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 3,953 and 3,927).

Trade

USD/JPY intraday : Target 158.18

Our pivot point is at 157.63.

Our preference:

The upside prevails as long as 157.63 is support, with 158.18 and 158.31 as targets

Alternative scenario:

Below 157.63, expect 157.42 and 157.30.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price is above its 20 and 50 period moving average (respectively at 157.89 and 157.86).

Trade

EUR/USD intraday : Trend at a crossroads

Our pivot point is at 1.1177.

Our preference:

The upside prevails as long as 1.1177 is support, with 1.1228 and 1.1240 as targets

Alternative scenario:

Below 1.1177, expect 1.1157 and 1.1145.

Comment:

The price is dangerously moving towards our pivot, one of the final opportunities for a reversal.

Trade

Dow Jones (CME)‎ (Z6)‎ intraday: look for 51700.

Pivot:

52642

Our preference:

Short positions below 52642 with targets at 51700 & 51480 in extension.

Alternative scenario:

Above 52642 look for further upside with 52960 & 53150 as targets.

Comment:

The RSI advocates for further decline.

Trade

S&P 500 (CME)‎ (Z6)‎ intraday: look for 7450.

Pivot:

7700

Our preference:

Short positions below 7700 with targets at 7560 & 7450 in extension.

Alternative scenario:

Above 7700 look for further upside with 7750 & 7820 as targets.

Comment:

The RSI has broken down its 30 level.

Trade

GBP/USD intraday : On the edge of pivot level

Our pivot point is at 1.3390.

Our preference:

The upside prevails as long as 1.3390 is support, with 1.3453 and 1.3469 as targets

Alternative scenario:

Below 1.3390, expect 1.3363 and 1.3347.

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

Silver intraday : Target 51.24

Our pivot point is at 49.41.

Our preference:

The upside prevails as long as 49.41 is support, with 51.24 and 51.72 as targets

Alternative scenario:

Below 49.41, expect 48.61 and 48.14.

Comment:

The MACD is below its signal line and positive. The price is below its 20 period moving average (50.69) but above its 50 period moving average (50.42).

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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