DAILY NEWS BRIEF - MARKET OUTLOOK

June 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 Tuesday, major U.S. stock indexes kept making record closing levels, with the S&P 500 adding 9 points (+0.13%) to 7,609, the Nasdaq-100 up 146 points (+0.48%) to 30,660, and the Dow Jones up 228 points (+0.45%) to 51,307.

Marvell Technology (MRVL) jumped 32.52% after Nvidia CEO Jensen Huang said the chipmaker could be the next trillion-dollar company.

Applied Materials (AMAT) rose 6.96%, ON Semiconductor (ON) rose 6.38%, and Qualcomm (QCOM) rebounded 5.17%.

Meanwhile, Arm Holdings (ARM) retreated 1.50%, Intel (INTC) slipped another 1.28%, and Nvidia (NVDA) dipped 0.69%.

Alphabet (GOOGL) fell 3.86% after announcing plans to raise 80 billion dollars in equity offerings to fund its artificial infrastructure expansion. Berkshire Hathaway (BRKB) has agreed to a 10-billion-dollar investment in Alphabet through the equity offerings.

Software stocks retreated across the board, with Microsoft (MSFT) sliding 4.17%, Palantir (PLTR) down 5.28%, and ServiceNow (NOW) down 6.04%.

Hewlett Packard Enterprise (HPE) rallied 19.47%. Thanks to surging demand for artificial intelligence infrastructure, the enterprise technology infrastructure provider gave a strong quarterly earnings report and raised its full-year guidance.

Bitcoin-related stocks fell alongside the cryptocurrency, with Strategy (MSTR) tumbling 9.15% and Coinbase (COIN) down 4.72%.

The U.S. 10-year Treasury yield was flat at 4.453%.

European stocks closed higher, with the DAX 40 rising 0.48%, the CAC 40 up 0.77%, and the FTSE 100 up 0.33%.

Oil prices remained supported as a U.S.-Iran peace deal has not yet been confirmed. U.S. WTI crude futures climbed 1.60 dollars (+1.70%) to 93.76 dollars a barrel, a one-week high.

Gold was little changed at 4,489 dollars an ounce.

Market Wrap: Forex

The U.S. dollar held firm against other major currencies.

The U.S. Labor Department reported that the number of job openings increased to 7.62 million in April (vs 6.80 million expected), the highest level since May 2024.

EUR/USD was little changed at 1.1630.

The Eurozone's inflation rate accelerated to 3.2% year on year in May (vs. 3.4% expected).

USD/JPY climbed 27 pips to 159.92, very close to the key level of 160 which traders widely think would trigger market intervention by Japanese authorities.

Traders are now focused on a speech by Bank of Japan Governor Kazuo Ueda on Wednesday for possible rate-hike signals.

GBP/USD advanced 12 pips to 1.3463, and AUD/USD climbed 24 pips to 0.7179.

USD/CHF added 5 pips to 0.7870, while USD/CAD was little changed at 1.3836.

Bitcoin accelerated to the downside after crossing below the level of 70,000 dollars, testing support at 66,000 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)‎ (N6)‎ intraday: the bias remains bullish.

Pivot:

93.20

Our preference:

Long positions above 93.20 with targets at 96.00 & 97.40 in extension.

Alternative scenario:

Below 93.20 look for further downside with 92.20 & 91.25 as targets.

Comment:

The RSI is mixed to bullish.

Trade

Gold intraday: key resistance at 4510.

Pivot:

4510

Our preference:

Short positions below 4510 with targets at 4462 & 4445 in extension.

Alternative scenario:

Above 4510 look for further upside with 4545 & 4580 as targets.

Comment:

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

Trade

USD/JPY intraday: further advance.

Pivot:

159.75

Our preference:

Long positions above 159.75 with targets at 160.10 & 160.30 in extension.

Alternative scenario:

Below 159.75 look for further downside with 159.55 & 159.40 as targets.

Comment:

The RSI is bullish and calls for further upside.

Trade

EUR/USD intraday: under pressure.

Pivot:

1.1650

Our preference:

Short positions below 1.1650 with targets at 1.1605 & 1.1585 in extension.

Alternative scenario:

Above 1.1650 look for further upside with 1.1665 & 1.1685 as targets.

Comment:

The RSI calls for a new downleg.

Trade

Dow Jones (CME)‎ (M6)‎ intraday: the downside prevails.

Pivot:

51440

Our preference:

Short positions below 51440 with targets at 51160 & 51080 in extension.

Alternative scenario:

Above 51440 look for further upside with 51570 & 51700 as targets.

Comment:

The RSI is bearish and calls for further downside.

Trade

S&P 500 (CME)‎ (M6)‎ intraday: choppy.

Pivot:

7630

Our preference:

Short positions below 7630 with targets at 7595 & 7575 in extension.

Alternative scenario:

Above 7630 look for further upside with 7647 & 7667 as targets.

Comment:

The RSI calls for a drop.

Trade

GBP/USD intraday: choppy.

Pivot:

1.3480

Our preference:

Short positions below 1.3480 with targets at 1.3440 & 1.3420 in extension.

Alternative scenario:

Above 1.3480 look for further upside with 1.3500 & 1.3520 as targets.

Comment:

As long as 1.3480 is resistance, look for choppy price action with a bearish bias.

Trade

Silver intraday: key resistance at 75.80.

Pivot:

75.80

Our preference:

Short positions below 75.80 with targets at 74.25 & 73.80 in extension.

Alternative scenario:

Above 75.80 look for further upside with 76.85 & 77.50 as targets.

Comment:

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

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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