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

Market Wrap

Market Wrap: Stocks, Bonds, Commodities

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 U.S.-Iran war, U.S. President Donald Trump reiterated that Iran has until Tuesday at 8 pm U.S. Eastern time to make a deal, threatening to bomb power plants and bridges in Iran after the deadline.

U.S. WTI crude futures settled 0.78% higher at 112.41 dollars a barrel after surging over 11% last Thursday. For the second straight session, U.S. WTI crude futures settled higher than Brent crude futures.

Amazon (AMZN) rose 1.44%, Alphabet (GOOGL) climbed 1.43%, and Apple (AAPL) was up 1.5%, while Tesla (TSLA) fell 2.15%.

Seagate Technology (STX) jumped 5.58%, and Western Digital (WDC) gained 3.11%. Morgan Stanley raised its price targets on both data-storage stocks, rating them “overweight”.

Applovin Corp (APP) climbed 6.81% after Wells Fargo raised its price target on the stock while maintaining an “overweight” rating.

Invesco (IVZ) dropped 5.22%. BlackRock has filed for an exchange-traded fund (ETF) that will track the Nasdaq 100 index, which will trade under the ticker “IQQ” and compete directly with Invesco’s “QQQ” ETF.

The U.S. 10-year Treasury yield edged up to 4.339%.

European markets remained closed for the Easter Monday holiday.

Gold was down for the second session, declining 27 dollars to 4,648 dollars an ounce.

Market Wrap: Forex

The U.S. dollar eased against other major currencies as investors focused on the deadline set by Trump for Iran to make a deal. The dollar index slipped from the key level of 100.

The U.S. Institute for Supply Management (ISM) services index posted at 54.0 for March (vs 56.1 in February).

EUR/USD held at levels around 1.1540, and GBP/USD was around 1.3240.

USD/JPY traded at 159.68, above its 20-day moving average.

AUD/USD was firm at 0.6920.

USD/CHF edged down to 0.7978, and USD/CAD was just above 1.3900.

Bitcoin remained buoyed, challenging the key level of 70,000 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)‎ (K6)‎ Intraday: further advance.

Pivot:

110.50

Our preference:

Long positions above 110.50 with targets at 115.50 & 117.30 in extension.

Alternative scenario:

Below 110.50 look for further downside with 108.90 & 106.60 as targets.

Comment:

The RSI calls for a bounce.

Trade

Gold Intraday: watch 4590.

Pivot:

4690

Our preference:

Short positions below 4690 with targets at 4620 & 4590 in extension.

Alternative scenario:

Above 4690 look for further upside with 4720 & 4745 as targets.

Comment:

The upward potential is likely to be limited by the resistance at 4690.

Trade

USD/JPY Intraday: 160.00 in sight.

Pivot:

159.55

Our preference:

Long positions above 159.55 with targets at 160.00 & 160.25 in extension.

Alternative scenario:

Below 159.55 look for further downside with 159.40 & 159.20 as targets.

Comment:

The RSI calls for a new upleg.

Trade

EUR/USD Intraday: consolidation.

Pivot:

1.1520

Our preference:

Long positions above 1.1520 with targets at 1.1555 & 1.1570 in extension.

Alternative scenario:

Below 1.1520 look for further downside with 1.1500 & 1.1480 as targets.

Comment:

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

Trade

Dow Jones (CME)‎ (M6)‎ Intraday: the upside prevails.

Pivot:

46735

Our preference:

Long positions above 46735 with targets at 47050 & 47200 in extension.

Alternative scenario:

Below 46735 look for further downside with 46620 & 46500 as targets.

Comment:

The RSI is bullish and calls for further advance.

Trade

S&P 500 (CME)‎ (M6)‎ Intraday: bullish bias above 6615.

Pivot:

6615

Our preference:

Long positions above 6615 with targets at 6665 & 6690 in extension.

Alternative scenario:

Below 6615 look for further downside with 6595 & 6567 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Trade

GBP/USD Intraday: caution.

Pivot:

1.3205

Our preference:

Long positions above 1.3205 with targets at 1.3245 & 1.3270 in extension.

Alternative scenario:

Below 1.3205 look for further downside with 1.3180 & 1.3155 as targets.

Comment:

Intraday technical indicators are mixed and call for caution.

Trade

Silver Intraday: aim @ 71.10.

Pivot:

73.60

Our preference:

Short positions below 73.60 with targets at 72.00 & 71.10 in extension.

Alternative scenario:

Above 73.60 look for further upside with 74.70 & 76.10 as targets.

Comment:

As long as the resistance at 73.60 is not surpassed, the risk of the break below 72.00 remains high.

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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