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 |
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| 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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On Monday, U.S. stocks ended lower after President Trump said American forces will reimpose the U.S. blockade on Iranian shipping beginning Tuesday, July 14 at 4:00 p.m. ET.
The S&P 500 slipped 60.05pts (-0.79%) to 7515.34, the Nasdaq 100 fell 561.007pts (-1.88%) to 29264.103, and the Dow declined 138.37pts (-0.26%) to 52498.64.
On the sector front, the outperforming sectors were Energy (XLE), Utilities (XLU), and Financials (XLF) while Technology (XLK), Consumer Discretionary (XLY), and Industrials (XLI) underperformed the most.
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U.S. Economic Developments: |
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No major economic data was released in the U.S. on Monday.
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Apple (AAPL) rose 0.63% after suing OpenAI, alleging it stole trade secrets through former Apple employees who joined OpenAI. Separately, Citi raised its price target to $365 from $315.
Nvidia (NVDA) fell 3.52% amid weaker market sentiment, as well as after investor Michael Burry reportedly opened a direct short on June 30, 2026, and increased bearish options exposure into March 2027. Peer Advanced Micro Devices (AMD) also declined 4.21%. TD Cowen maintained a “Buy” rating on the AMD stock.
Tesla (TSLA) fell 3.19%. Jefferies maintained a “Hold” rating on the EV giant.
Chevron (CVX) gained 3.29%, while United Airlines (UAL) dropped 3.84% as higher energy prices affected the two industries.
SK Hynix (SKHY), which began trading the prior Friday, tumbled 9.32% on its second day.
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At the European close, the major indices in the region finished in positive territory. Germany's Dax rose 47pts (+0.19%) to 25114 and France's Cac 40 gained 25pts (+0.31%) to 8364 while the U.K.'s FTSE 100 was relatively flat at 10498.
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Global Macro, FX & Commodities: |
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Rates & Risk Sentiment:
The VIX soared 2.13pts (+14.17%) to 17.16 while the US 10 year yield rose to 4.622%.
Precious Metals & Crude:
In the commodities market, Gold fell 120.59 dollars (-2.93%) to 3999.49 and Silver dropped 2.24 dollars (-3.74%) to 57.6. WTI Crude Oil jumped 6.91 dollars (+9.68%) to 78.32.
The Dollar & Majors:
The dollar index increased 0.36pts (+0.35%) to 101.309.
EUR/USD declined 34pips (-0.3%) to 1.1379.
GBP/USD slipped 62pips (-0.46%) to 1.3343.
USD/JPY rose 75pips (+0.46%) to 162.44.
USD/CHF climbed 63pips (+0.78%) to 0.8147.
AUD/USD fell 35pips (-0.5%) to 0.6915.
USD/CAD advanced 3pips (+0.02%) to 1.4156.
Digital Assets:
Finally, in the cryptocurrencies market, Bitcoin fell 2018 dollars (-3.15%) to 62148 and Ethereum dropped 52 dollars (-2.88%) to 1768.
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Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out. |
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| Dow Jones (CME) (U6) intraday: choppy. |
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| Pivot: |
| 52870 |
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| Our preference: |
| Short positions below 52870 with targets at 52540 & 52470 in extension. |
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| Alternative scenario: |
| Above 52870 look for further upside with 52980 & 53100 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| S&P 500 (CME) (U6) intraday: the downside prevails. |
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| Pivot: |
| 7583 |
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| Our preference: |
| Short positions below 7583 with targets at 7545 & 7530 in extension. |
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| Alternative scenario: |
| Above 7583 look for further upside with 7592 & 7610 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| EUR/USD intraday : the downside prevails as long as 1.1407 is resistance |
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| Our pivot point is at 1.1407. |
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| Our preference: |
| The downside prevails as long as 1.1407 is resistance |
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| Alternative scenario: |
| Above 1.1407, look for 1.1430 and 1.1444. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.1411 and 1.1408). |
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| GBP/USD intraday : the downside prevails as long as 1.3384 is resistance |
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| Our pivot point is at 1.3384. |
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| Our preference: |
| The downside prevails as long as 1.3384 is resistance |
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| Alternative scenario: |
| Above 1.3384, look for 1.3413 and 1.3431. |
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| Comment: |
| The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3380 and 1.3384). |
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| USD/JPY intraday : the upside prevails as long as 162.20 is support |
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| Our pivot point is at 162.20. |
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| Our preference: |
| The upside prevails as long as 162.20 is support |
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| Alternative scenario: |
| Below 162.20, expect 162.01 and 161.89. |
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| Comment: |
| The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 162.25 and 162.08). |
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| Gold intraday: choppy. |
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| Pivot: |
| 4017 |
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| Our preference: |
| Short positions below 4017 with targets at 3985 & 3960 in extension. |
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| Alternative scenario: |
| Above 4017 look for further upside with 4030 & 4050 as targets. |
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| Comment: |
| A break below 3985 would trigger a drop towards 3960. |
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| Silver intraday: target 56.60. |
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| Pivot: |
| 58.30 |
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| Our preference: |
| Short positions below 58.30 with targets at 56.60 & 55.90 in extension. |
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| Alternative scenario: |
| Above 58.30 look for further upside with 59.00 & 59.40 as targets. |
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| Comment: |
| The RSI is below its neutrality area at 50% |
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| Crude Oil (WTI) (Q6) intraday: further upside. |
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| Pivot: |
| 76.00 |
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| Our preference: |
| Long positions above 76.00 with targets at 79.30 & 80.10 in extension. |
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| Alternative scenario: |
| Below 76.00 look for further downside with 74.70 & 73.40 as targets. |
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| Comment: |
| The break above 76.00 is a positive signal that has opened a path to 79.30. |
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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.
Ventura Prime FX Limited is authorised and regulated by the Labuan Financial Services Authority (LFSA). Registered Address:Kensington Gardens, No U1317, Lot 7616, Jalan Jumidar Buyong, 87000 Labuan Federal Territory, Malaysia
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