DAILY NEWS BRIEF - MARKET OUTLOOK

October 8, 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 Wednesday, the S&P 500 slipped 17 points (-0.22%) to 7,801 and the Nasdaq 100 dipped 64 points (-0.21%) to 31,160, both pulling back from record closing levels.

The Dow Jones fell 341 points (-0.66%) to 51,179.

Minutes of the Federal Reserve's September meeting showed most policymakers viewed another rate increase as likely appropriate by year-end, given still-elevated inflation.

The U.S. 10-year Treasury yield climbed to an intraday high of 5.365%, its highest level since 2002, before settling flat at 5.286%.

Caterpillar (CAT), a heavyweight Dow Jones constituent, tumbled 5.75% after U.S. regulators launched an inquiry into potential anticompetitive practices in the agricultural equipment industry.

At the same time, Deere & Co (DE) fell 3.80%, AGCO Corp (AGCO) dropped 6.06%, and CNH Industrial (CNH) was down 6.10%.

Nvidia (NVDA) slipped 0.74% from Tuesday's record close, while Micron Technology (MU) bounced 4.06% after investment firm D.A. Davidson said it expects the memory-chip maker's stock to triple.

SpaceX (SPCX) slid 2.51% on reports it is seeking 40 billion dollars in financing to buy Nvidia chips, potentially marking the largest AI-related debt deal to date.

European stocks also closed lower, with the DAX 40 declining 1.35%, the CAC 40 down 1.22%, and the FTSE 100 down 0.79%.

U.S. WTI crude futures fell 1.16 dollars (-1.30%) to 88.28 dollars a barrel, after member countries of the International Energy Agency (IEA) agreed to accelerate the release of oil stocks and to prioritise diesel supplies.

Spot gold fell 53 dollars (-1.29%) to 4,111 dollars an ounce.

Market Wrap: Forex

The U.S. dollar strengthened after the Fed released minutes of its latest policy meeting, while the euro tumbled as French bonds came under renewed pressure on fiscal concerns.

EUR/USD once fell as low as 1.1165 during the session before closing at 1.1196.

USD/JPY dipped 2 pips to 158.07.

GBP/USD dropped 62 pips to 1.3213, and AUD/USD lost 22 pips to 0.6961.

USD/CHF rose 15 pips to 0.8331, and USD/CAD climbed 49 pips to 1.4256.

Bitcoin suffered selling pressure, sliding over 2% to 83,300 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)‎ (X6)‎ intraday: target 91.30.

Pivot:

87.00

Our preference:

Long positions above 87.00 with targets at 91.30 & 93.60 in extension.

Alternative scenario:

Below 87.00 look for further downside with 86.00 & 85.00 as targets.

Comment:

The RSI is mixed with a bullish bias.

Trade

Gold intraday : Target 4,053

Our pivot point is at 4,138.

Our preference:

The downside prevails as long as 4,138 is resistance, with 4,053 and 4,029 as targets

Alternative scenario:

Above 4,138, look for 4,177 and 4,200.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 4,107 and 4,124).

Trade

USD/JPY intraday : 157.41 in sight

Our pivot point is at 158.43.

Our preference:

Under pressure below 158.43, with 157.41 and 157.17 as targets

Alternative scenario:

Above 158.43, look for 158.84 and 159.08.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 158.05 and 158.21).

Trade

EUR/USD intraday : On the edge of pivot level

Our pivot point is at 1.1213.

Our preference:

The downside prevails as long as 1.1213 is resistance, with 1.1156 and 1.1145 as targets

Alternative scenario:

Above 1.1213, look for 1.1232 and 1.1244.

Comment:

The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.

Trade

Dow Jones (CME)‎ (Z6)‎ intraday: the downside prevails.

Pivot:

51785

Our preference:

Short positions below 51785 with targets at 51135 & 50860 in extension.

Alternative scenario:

Above 51785 look for further upside with 51965 & 52185 as targets.

Comment:

The RSI lacks upward momentum.

Trade

S&P 500 (CME)‎ (Z6)‎ intraday: watch 7760.

Pivot:

7897

Our preference:

Short positions below 7897 with targets at 7760 & 7720 in extension.

Alternative scenario:

Above 7897 look for further upside with 7925 & 7950 as targets.

Comment:

The RSI is mixed.

Trade

GBP/USD intraday : Expect 1.3176

Our pivot point is at 1.3244.

Our preference:

The downside prevails as long as 1.3244 is resistance, with 1.3176 and 1.3161 as targets

Alternative scenario:

Above 1.3244, look for 1.3269 and 1.3284.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands above its 20 period moving average (1.3214) but below its 50 period moving average (1.3231).

Trade

Silver intraday : Look for 58.45

Our pivot point is at 60.61.

Our preference:

The downside prevails as long as 60.61 is resistance, with 58.45 and 57.89 as targets

Alternative scenario:

Above 60.61, look for 61.56 and 62.12.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 59.79 and 60.30).

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.

VPFX is the trading name for Ventura Prime FX Limited with registration number LL16224 registered in Labuan F.T., Malaysia.

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