DAILY NEWS BRIEF - MARKET OUTLOOK

June 12, 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 GBP/USD USD/JPY EUR/USD Silver Dow Jones (CME) S&P 500 (CME)

Market Wrap

Market Wrap: Stocks, Bonds, Commodities

On Thursday, U.S. stocks posted a strong rebound, with the S&P 500 rising 127 points (+1.75%) to 7,394, the Nasdaq 100 up 938 points (+3.29%) to 29,446, and the Dow Jones up 929 points (+1.86%) to 50,848.

Investors were encouraged after U.S. President Trump said he had canceled planned strikes on Iran, and that Iran’s leadership and other negotiators had approved "discussions and final points" toward ending the conflict.

U.S. WTI crude futures retreated 2.32 dollars (-2.58%) to 87.71 dollars a barrel.

Semiconductor stocks bounced sharply, with Micron Technology (MU) jumping 11.66%, Marvell Technology (MRVL) up 11.13%, Intel (INTC) up 9.27%, Advanced Micro Devices (AMD) up 7.97%, and Nvidia (NVDA) up 2.22%.

Broadcom (AVGO) rose 3.55% and Applied Materials (AMAT) climbed 11.19%.

Data-storage stocks also performed well, with Sandisk (SNDK) jumping 14.50%, Western Digital (WDC) up 8.00%, and Seagate Technology (STX) up 6.38%.

Tesla (TSLA) advanced 4.60%, Amazon (AMZN) rose 1.47%, and Apple (AAPL) was up 1.39%.

Oracle (ORCL) fell 8.53% after the company announced plans to raise 40 billion dollars to fund its AI data-center buildout.

The U.S. 10-year Treasury yield fell 9.5 basis points to 4.459%.

European stocks also closed higher, with the DAX 40 adding 0.06%, and both the CAC 40 and the FTSE 100 up 0.48%.

Gold rebounded 140 dollars (+3.44%) to 4,212 dollars an ounce.

Market Wrap: Forex

The U.S. dollar weakened across the board after U.S. President Trump called off scheduled military strikes on Iran. The dollar index declined to 99.66.

U.S. data showed that producer prices rose 6.5% year-on-year in May (vs +6.8% expected, +5.7% in April).

EUR/USD gained 45 pips to 1.1580. As expected, the European Central Bank raised its key interest rate by 25 basis points to 2.40%.

USD/JPY fell 68 pips to 159.85.

GBP/USD climbed 52 pips to 1.3418, and AUD/USD was up 48 pips to 0.7050.

USD/CHF slipped 55 pips to 0.7941, while USD/CAD added 17 pips to 1.3956.

Bitcoin rose alongside risk assets, gaining 3% to 63,400 dollars.

Morning Trading

In Asian trading hours, EUR/USD eased to 1.1566 and GBP/USD was down slightly to 1.3406.

Meanwhile, USD/JPY rebounded to 160.27.

Gold fell to 4,190 dollars.

Bitcoin advanced to 63,501 dollars.

Expected Today

U.K. gross domestic product is expected to grow 0.1% month-on-month in April.

In the U.S., the Michigan consumer sentiment index is anticipated to climb to 46.0 in June.

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: under pressure.

Pivot:

86.00

Our preference:

Short positions below 86.00 with targets at 82.40 & 80.20 in extension.

Alternative scenario:

Above 86.00 look for further upside with 87.90 & 89.95 as targets.

Comment:

The immediate trend remains down and the momentum is strong.

Trade

Gold intraday: towards 4270.

Pivot:

4170

Our preference:

Long positions above 4170 with targets at 4245 & 4270 in extension.

Alternative scenario:

Below 4170 look for further downside with 4110 & 4060 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

Trade

GBP/USD intraday: 1.3435 in sight.

Pivot:

1.3375

Our preference:

Long positions above 1.3375 with targets at 1.3435 & 1.3460 in extension.

Alternative scenario:

Below 1.3375 look for further downside with 1.3350 & 1.3325 as targets.

Comment:

The RSI is mixed to bullish.

Trade

USD/JPY intraday: under pressure.

Pivot:

160.35

Our preference:

Short positions below 160.35 with targets at 159.85 & 159.65 in extension.

Alternative scenario:

Above 160.35 look for further upside with 160.60 & 160.80 as targets.

Comment:

As long as 160.35 is resistance, expect a return to 159.85.

Trade

EUR/USD intraday: the bias remains bullish.

Pivot:

1.1545

Our preference:

Long positions above 1.1545 with targets at 1.1600 & 1.1620 in extension.

Alternative scenario:

Below 1.1545 look for further downside with 1.1525 & 1.1505 as targets.

Comment:

The RSI is mixed with a bullish bias.

Trade

Silver intraday: aim @ 68.80.

Pivot:

65.80

Our preference:

Long positions above 65.80 with targets at 67.90 & 68.80 in extension.

Alternative scenario:

Below 65.80 look for further downside with 64.50 & 62.80 as targets.

Comment:

A support base at 65.80 has formed and has allowed for a temporary stabilisation.

Trade

Dow Jones (CME)‎ (M6)‎ intraday: watch 51320.

Pivot:

50730

Our preference:

Long positions above 50730 with targets at 51320 & 51580 in extension.

Alternative scenario:

Below 50730 look for further downside with 50400 & 50140 as targets.

Comment:

Investors have to remain cautious since these levels may trigger profit taking.

Trade

S&P 500 (CME)‎ (M6)‎ intraday: intraday support around 7340.

Pivot:

7340

Our preference:

Long positions above 7340 with targets at 7470 & 7530 in extension.

Alternative scenario:

Below 7340 look for further downside with 7270 & 7245 as targets.

Comment:

The RSI is mixed and calls for caution.

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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