DAILY NEWS BRIEF - MARKET OUTLOOK

April 7, 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 trade lower as Donald Trump reiterated yesterday that Iran has until today 8 p.m. Eastern time to make a deal, threatening to bomb power plants and bridges in Iran after the deadline.

On Monday, after the Easter long weekend, major U.S. stock indexes held up well, with the S&P 500 closing 29 points higher (+0.44%) to 6,611, and the Nasdaq 100 up 146 points (+0.61%) to 24,192.

The Dow Jones rose 165 points (+0.36%) at 46,669.

On the stat front in the U.S. durable goods orders are estimated to decline 0.3% month-on-month in February after being flat in January.

In Canada Ivey PMI index is seen at 51 in March vs 56.6 in February.

European indices are mixed, paring earlier gains. On the corporate front, investment firm Pershing Square plans to buy Universal Music group, the world's biggest music company, for about 64 billion dollars.

Asian indexes were mixed. On the stat side, Japan's household spending dropped 1.8% year-on-year in February, compared with -0.4% expected.

WTI crude oil prices remain strong, trading close to 115 dollars.

Gold and silver are little changed.

Bitcoin consolidates below 70,000 dollars.

Premarket news

UnitedHealth (UNH), Humana (HUM) and other health insurers jump after the U.S. announced a 2.48% increase in Medicare Advantage payments to insurers for 2027.

Broadcom (AVGO), a chip giant, gains ground after signing a long term AI chip contract with Google. Also, the company expanded its partnership with Anthropic.

Expected Today

No major earnings expected

Canada

On Monday, the S&P/TSX Composite Index gained 0.22%% to 33,181 and the S&P/TSX 60 Index added 0.21% to 1,927.

Canadian Natural Resources (CNQ)'s, a crude oil and natural gas producer, target price was raised to 70 dollars from 48 dollars at JPMorgan.

Enbridge (ENB)'s, an energy delivery company, target price was raised to 73 dollars from 68 dollars at Barclays.

Nutrien (NTR)'s, a fertilizer company, target price was raised to 85 dollars from 80 dollars at RBC.

Canadian National Railway (CNR)'s, a freight railway company, target price was raised to 153 dollars from 147 dollars at JPMorgan.

TFI International (TFII)'s, a transport and logistics company, target price was cut to 131 dollars from 132 dollars at JPMorgan.

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:

111.50

Our preference:

Long positions above 111.50 with targets at 117.30 & 119.50 in extension.

Alternative scenario:

Below 111.50 look for further downside with 108.90 & 106.50 as targets.

Comment:

The RSI is mixed with a bullish bias.

Trade

Gold Intraday: continuation of the rebound.

Pivot:

4640

Our preference:

Long positions above 4640 with targets at 4705 & 4750 in extension.

Alternative scenario:

Below 4640 look for further downside with 4600 & 4585 as targets.

Comment:

The RSI is bullish and calls for further upside.

Trade

EUR/USD Intraday: further advance.

Pivot:

1.1535

Our preference:

Long positions above 1.1535 with targets at 1.1575 & 1.1605 in extension.

Alternative scenario:

Below 1.1535 look for further downside with 1.1515 & 1.1505 as targets.

Comment:

The RSI is bullish and calls for further advance.

Trade

GBP/USD Intraday: intraday support around 1.3230.

Pivot:

1.3230

Our preference:

Long positions above 1.3230 with targets at 1.3285 & 1.3320 in extension.

Alternative scenario:

Below 1.3230 look for further downside with 1.3200 & 1.3175 as targets.

Comment:

The break above 1.3230 is a positive signal that has opened a path to 1.3285.

Trade

USD/JPY Intraday: under pressure.

Pivot:

159.90

Our preference:

Short positions below 159.90 with targets at 159.45 & 159.20 in extension.

Alternative scenario:

Above 159.90 look for further upside with 160.25 & 160.45 as targets.

Comment:

As long as the resistance at 159.90 is not surpassed, the risk of the break below 159.45 remains high.

Trade

Silver Intraday: consolidation in place.

Pivot:

73.30

Our preference:

Short positions below 73.30 with targets at 71.70 & 71.10 in extension.

Alternative scenario:

Above 73.30 look for further upside with 74.00 & 74.70 as targets.

Comment:

As long as the resistance at 73.30 is not surpassed, the risk of the break below 71.70 remains high.

Trade

Dow Jones (CME)‎ (M6)‎ Intraday: bullish bias above 46690.

Pivot:

46690

Our preference:

Long positions above 46690 with targets at 47220 & 47400 in extension.

Alternative scenario:

Below 46690 look for further downside with 46460 & 46285 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Trade

S&P 500 (CME)‎ (M6)‎ Intraday: bounce.

Pivot:

6605

Our preference:

Long positions above 6605 with targets at 6705 & 6735 in extension.

Alternative scenario:

Below 6605 look for further downside with 6566 & 6540 as targets.

Comment:

The RSI calls for a new upleg.

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.

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