DAILY NEWS BRIEF - MARKET OUTLOOK

June 5, 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, the Dow Jones jumped 874 points (+1.73%) to 51,561, a record closing level.

The S&P 500 advanced 30 points (+0.41%) to 7,584, while the Nasdaq 100 dropped 163 points (-0.53%) to 30,407.

The Dow Jones was led higher by UnitedHealth (UNH), which gained 5.16% following an upgrade to "buy" by Bank of America.

Also, Goldman Sachs (GS) rose 4.96%, JPMorgan (JPM) climbed 3.34%, and Boeing (BA) was up 3.25%.

On the other hand, the Nasdaq 100 was dragged by Broadcom (AVGO), which plunged 12.59% as its current-quarter sales guidance missed market expectations.

And most other semiconductor stocks showed marked losses, with Micron (MU) sliding 7.74%, Arm Holdings (ARM) down 4.47%, and Advanced Micro Devices (AMD) down 3.56%.

However, Nvidia (NVDA) closed 1.82% higher, outperforming the semiconductor sector as well as the whole market.

Alphabet (GOOGL) rose 3.82%. The tech giant has teamed up with IBM to develop agentic artificial intelligence for enterprises.

CrowdStrike Holdings (CRWD) dropped 3.81%. The cybersecurity firm gave a disappointing current-quarter earnings guidance.

The U.S. 10-year Treasury yield declined 1.8 basis points to 4.475%.

European stocks posted gains, with the DAX 40 rising 0.60%, the CAC 40 up 1.15%, and the FTSE 100 up 0.27%.

U.S. WTI crude futures settled 2.98 dollars lower (-3.10%) at 93.04 dollars a barrel, ending a three-session rally. The Wall Street Journal reported that U.S. President Donald Trump is reluctant to resume full-scale war against Iran.

Gold rebounded 40 dollars to 4,475 dollars an ounce.

Market Wrap: Forex

The U.S. dollar softened against other currencies, with the dollar index easing to 99.44.

Regarding U.S. economic data, the latest number of initial jobless claims rose to 225,000, more than expected.

Investors are focusing on the official U.S. jobs report for May, which will be released later today.

USD/JPY dipped 6 pips to 160.02.

EUR/USD gained 15 pips to 1.1610

GBP/USD added 5 pips to 1.3421, and AUD/USD was up 5 pips to 0.7133.

USD/CHF slipped 24 pips to 0.7894, while USD/CAD traded 13 pips higher to 1.3909.

Bitcoin briefly sank below 62,000 dollars before climbing back to 63,300 dollars.

Morning Trading

In Asian trading hours, USD/JPY was broadly flat at 159.97. Japan’s data showed that household spending dropped 0.5% year on year in April (vs -2.6% expected), and average cash earnings were up 3.5% year on year (vs +2.8% expected).

Meanwhile, EUR/USD and GBP/USD were both steady, at 1.1615 and 1.3426 respectively.

Gold retreated to 4,453 dollars.

Bitcoin fell to 62,812 dollars.

Expected Today

France's trade deficit for April is estimated at 7.3 billion euros, while industrial production is expected to grow 0.2% month-on-month.

In the U.S., nonfarm payrolls are estimated to increase by 85,000 in May, while jobless rate is expected to stay at 4.3%.

Canada's employment is estimated to increase by 8,000 in May, while jobless rate is expected to be unchanged at 6.9%.

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: watch 91.90.

Pivot:

94.00

Our preference:

Short positions below 94.00 with targets at 91.90 & 90.80 in extension.

Alternative scenario:

Above 94.00 look for further upside with 95.10 & 95.85 as targets.

Comment:

The RSI has just struck against its neutrality area at 50% and is reversing down.

Trade

Gold intraday: key resistance at 4470.

Pivot:

4470

Our preference:

Short positions below 4470 with targets at 4422 & 4400 in extension.

Alternative scenario:

Above 4470 look for further upside with 4485 & 4515 as targets.

Comment:

A break below 4422 would trigger a drop towards 4400.

Trade

GBP/USD intraday: 1.3410 expected.

Pivot:

1.3445

Our preference:

Short positions below 1.3445 with targets at 1.3410 & 1.3395 in extension.

Alternative scenario:

Above 1.3445 look for further upside with 1.3460 & 1.3480 as targets.

Comment:

As long as the resistance at 1.3445 is not surpassed, the risk of the break below 1.3410 remains high.

Trade

USD/JPY intraday: the upside prevails.

Pivot:

159.75

Our preference:

Long positions above 159.75 with targets at 160.10 & 160.25 in extension.

Alternative scenario:

Below 159.75 look for further downside with 159.55 & 159.35 as targets.

Comment:

A support base at 159.75 has formed and has allowed for a temporary stabilisation.

Trade

EUR/USD intraday: aim @ 1.1595.

Pivot:

1.1630

Our preference:

Short positions below 1.1630 with targets at 1.1595 & 1.1580 in extension.

Alternative scenario:

Above 1.1630 look for further upside with 1.1645 & 1.1660 as targets.

Comment:

As long as 1.1630 is resistance, expect a return to 1.1595.

Trade

Silver intraday: towards 70.20.

Pivot:

73.15

Our preference:

Short positions below 73.15 with targets at 71.10 & 70.20 in extension.

Alternative scenario:

Above 73.15 look for further upside with 74.10 & 74.65 as targets.

Comment:

The RSI has broken down its 30 level.

Trade

Dow Jones (CME)‎ (M6)‎ intraday: watch 52000.

Pivot:

51440

Our preference:

Long positions above 51440 with targets at 52000 & 52200 in extension.

Alternative scenario:

Below 51440 look for further downside with 51200 & 50970 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.

Trade

S&P 500 (CME)‎ (M6)‎ intraday: under pressure.

Pivot:

7590

Our preference:

Short positions below 7590 with targets at 7530 & 7505 in extension.

Alternative scenario:

Above 7590 look for further upside with 7610 & 7630 as targets.

Comment:

As long as 7590 is resistance, expect a return to 7530.

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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