DAILY NEWS BRIEF - MARKET OUTLOOK

June 22, 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 are little changed. Last Friday, the U.S. stock market was closed for Juneteenth. On Thursday, the U.S. stock market finished higher on the back of a tech stock rally. The S&P 500 advanced 80 points (+1.08%) to 7,500, the Nasdaq 100 rose 735 points (+2.48%) to 30,406, and the Dow Jones increased 72 points (+0.14%) to 51,564.

On Sunday, U.S. President Donald Trump warned of the possibility of resuming military action against Iran as officials from both countries met for the first round of talks in Switzerland. Meanwhile, Iranian military claimed to have closed the Strait of Hormuz again over Israel's attacks on southern Lebanon.

No major economic stat is expected today in the U.S.

In Canada, inflation rate is expected at 2.9% year-on-year in May.

European indices are mixed.

Asian indices were mostly up.

WTI crude oil prices are losing ground on optimism over US-Iran peace talks.

Gold and silver are slightly rebounding after dropping last week.

Bitcoin is trading close to 64,000 dollars.

Premarket news

AbbVie (ABBV), the pharmaceutical company, reached a deal to acquire Apogee Therapeutics (APGE), a group specializing in the development of drugs for inflammatory diseases, for an amount of nearly 10.9 billion dollars.

Enphase Energy (ENPH), a manufacturer of solar powered solutions, was upgraded to "equal-weight" from "underweight" at Barclays.

Micron Technology (MU)'s, a manufacturer of memory chips, target price was raised to 1,300 dollars from 510 dollars at Bernstein.

Expected Today

No major earnings expected

Canada

On Friday, the S&P/TSX Composite Index fell 0.32% to 34,857 and the S&P/TSX 60 Index lost 0.27% to 2,043.

Silvercorp Metals (SVM), the mining company, announced a budget of 196.3 million dollars for the development of the Chaarat ZAAV CJSC project, which includes the development of Tulkubash and initial expenditures to advance Kyzyltash. As a reminder, Silvercorp acquired its 70% interest in ZAAV, which holds gold projects in the Kyrgyz Republic, for 162 million dollars in January 2026.

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Crude Oil (WTI)‎ (Q6)‎ intraday: look for 72.80.

Pivot:

75.00

Our preference:

Short positions below 75.00 with targets at 72.80 & 72.00 in extension.

Alternative scenario:

Above 75.00 look for further upside with 76.00 & 76.70 as targets.

Comment:

A break below 72.80 would trigger a drop towards 72.00.

Trade

Gold intraday: intraday support around 4160.

Pivot:

4160

Our preference:

Long positions above 4160 with targets at 4220 & 4250 in extension.

Alternative scenario:

Below 4160 look for further downside with 4140 & 4120 as targets.

Comment:

The next resistances are at 4220 and then at 4250.

Trade

EUR/USD intraday : the downside prevails as long as 1.1447 is resistance

Our pivot point is at 1.1447.

Our preference:

The downside prevails as long as 1.1447 is resistance

Alternative scenario:

Above 1.1447, look for 1.1470 and 1.1484.

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 1.1442 and 1.1454).

Trade

GBP/USD intraday : as long as 1.3213 is support look for 1.3308

Our pivot point is at 1.3213.

Our preference:

As long as 1.3213 is support look for 1.3308

Alternative scenario:

Below 1.3213, expect 1.3178 and 1.3158.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (1.3245) but above its 50 period moving average (1.3227).

Trade

USD/JPY intraday : the downside prevails as long as 161.64 is resistance

Our pivot point is at 161.64.

Our preference:

The downside prevails as long as 161.64 is resistance

Alternative scenario:

Above 161.64, look for 161.81 and 161.90.

Comment:

Trade

Silver intraday: intraday support around 65.30.

Pivot:

65.30

Our preference:

Long positions above 65.30 with targets at 67.00 & 68.50 in extension.

Alternative scenario:

Below 65.30 look for further downside with 64.10 & 63.20 as targets.

Comment:

The next resistances are at 67.00 and then at 68.50.

Trade

Dow Jones (CME)‎ (U6)‎ intraday: further advance.

Pivot:

51970

Our preference:

Long positions above 51970 with targets at 52280 & 52420 in extension.

Alternative scenario:

Below 51970 look for further downside with 51790 & 51680 as targets.

Comment:

The next resistances are at 52280 and then at 52420.

Trade

S&P 500 (CME)‎ (U6)‎ intraday: turning down.

Pivot:

7580

Our preference:

Short positions below 7580 with targets at 7513 & 7500 in extension.

Alternative scenario:

Above 7580 look for further upside with 7600 & 7615 as targets.

Comment:

The RSI is below its neutrality area at 50%

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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