DAILY NEWS BRIEF - MARKET OUTLOOK

June 1, 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 Friday, major U.S. stock indexes continued to set closing-level records, with the S&P 500 advancing 16 points (+0.22%) to 7,580, the Nasdaq 100 up 109 points (+0.36%) to 30,333.

And the Dow Jones rose 363 points (+0.72%) to 51,032.

Dell Technologies (DELL) soared 32.76%. The company reported much-better-than-expected quarterly results thanks to soaring demand for its servers used in the artificial intelligence field, and raised its full-year revenue guidance.

Semiconductor stocks continued to be the market leaders, with Arm Holdings (ARM) gaining 5.37%, Micron (MU) up 5.14%, Broadcom (AVGO) up 4.73%, and Qualcomm (QCOM) up 3.18%. All these stocks marked record closes on Friday.

Software stocks also outperformed the market, with ServiceNow (NOW) jumping 14.38%, Oracle (ORCL) up 10.84%, Palantir (PLTR) up 9.21%, and Microsoft (MSFT) up 5.45%.

NetApp (NTAP) surged 22.36%. The data infrastructure company reported better-than-expected fourth-quarter results and offered upbeat forward guidance.

Costco Wholesale (COST) slipped 3.91% although the company’s quarterly results topped market expectations.

Gap (GPS) fell 15.40%. The apparel retail company trimmed its full-year sales forecast.

The U.S. 10-year Treasury eased another 1.6 basis points 4.437%, its seventh straight declining session.

Major European stock indexes were little changed, with the DAX 40 edging up 0.05%, the CAC 40 dipping 0.07%, and the FTSE 100 down 0.16%.

Over the weekend, the long-awaited U.S.-Iran peace deal was still not in sight.

In early Asian trading hours on Monday, U.S. WTI crude futures rebounded over 2% 89.42 dollars a barrel, and gold held at 4,535 dollars an ounce.

Market Wrap: Forex

In early Asian trading hours on Monday, the dollar index struggled to keep the level of 99.00 after two losing sessions.

EUR/USD traded around 1.1650 after climbing for two sessions.

Germany’s inflation rate slowed to 2.6% year on year in May (vs 3.1% expected), while France’s inflation rate accelerated to 2.4% year on year (vs 2.6% expected).

USD/JPY held up well at 159.38.

GBP/USD was around 1.3450 after two sessions of modest gains.

AUD/USD stayed at elevated levels around 0.7180.

USD/CAD traded at 1.3796. Canada's gross domestic product shrank at an annualized rate of 0.1% in the first quarter (vs +0.7% expected).

Bitcoin stabilized near 74,000 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: towards 91.50.

Pivot:

87.70

Our preference:

Long positions above 87.70 with targets at 91.50 & 92.50 in extension.

Alternative scenario:

Below 87.70 look for further downside with 86.45 & 85.40 as targets.

Comment:

The RSI calls for a bounce.

Trade

Gold intraday: 4570 in sight.

Pivot:

4515

Our preference:

Long positions above 4515 with targets at 4570 & 4595 in extension.

Alternative scenario:

Below 4515 look for further downside with 4490 & 4465 as targets.

Comment:

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

Trade

USD/JPY intraday: towards 159.65.

Pivot:

159.15

Our preference:

Long positions above 159.15 with targets at 159.50 & 159.65 in extension.

Alternative scenario:

Below 159.15 look for further downside with 159.00 & 158.85 as targets.

Comment:

The RSI advocates for further upside.

Trade

EUR/USD intraday: bullish bias above 1.1640.

Pivot:

1.1640

Our preference:

Long positions above 1.1640 with targets at 1.1670 & 1.1685 in extension.

Alternative scenario:

Below 1.1640 look for further downside with 1.1625 & 1.1605 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: bullish bias above 50960.

Pivot:

50960

Our preference:

Long positions above 50960 with targets at 51140 & 51220 in extension.

Alternative scenario:

Below 50960 look for further downside with 50860 & 50720 as targets.

Comment:

The next resistances are at 51140 and then at 51220.

Trade

S&P 500 (CME)‎ (M6)‎ intraday: look for 7630.

Pivot:

7575

Our preference:

Long positions above 7575 with targets at 7610 & 7630 in extension.

Alternative scenario:

Below 7575 look for further downside with 7555 & 7535 as targets.

Comment:

The RSI calls for a new upleg.

Trade

GBP/USD intraday: the bias remains bullish.

Pivot:

1.3430

Our preference:

Long positions above 1.3430 with targets at 1.3470 & 1.3485 in extension.

Alternative scenario:

Below 1.3430 look for further downside with 1.3405 & 1.3385 as targets.

Comment:

The next resistances are at 1.3470 and then at 1.3485.

Trade

Silver intraday: bounce.

Pivot:

74.55

Our preference:

Long positions above 74.55 with targets at 76.00 & 76.65 in extension.

Alternative scenario:

Below 74.55 look for further downside with 73.80 & 73.20 as targets.

Comment:

The RSI is below its neutrality area at 50% but reversing up.

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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