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.
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DAILY NEWS BRIEF - MARKET OUTLOOK
March 19, 2026
 
   
 
Crude Oil (WTI)   EUR/USD   GBP/USD   USD/JPY   Gold   Silver   Dow Jones (CME)   S&P 500 (CME)  
 
 
  Market Wrap  
 
  Market Wrap: pre-opening session  
 
 
U.S. market futures are losing some ground after U.S. stocks encountered a sell-off on Wednesday, with the Dow Jones falling 768 points (-1.63%) to 46,225, the lowest closing level year to date.

The S&P 500 dropped 91 points (-1.36%) to 6,624, and the Nasdaq 100 was down 355 points (-1.43%) to 24,425.

As expected, the U.S. Federal Reserve held its key interest rate in a range between 3.50% to 3.75%. The central bank pointed out that the impacts of the Iran war on the U.S. economy are uncertain.

Meanwhile, U.S. producer price inflation accelerated to 3.4% year-on-year in February, a larger-than-expected increase.

On the stat front, in the U.S., the Philadelphia Fed manufacturing index is anticipated at 11.0 in March vs 16.3 in February. Separately, new home sales are expected to slip 0.9% month-on-month in January after a 1.7% decline a month earlier. Also, weekly initial jobless claims are estimated at 215,000.

European indices drop on intensifying Middle East conflict. On the economic plan, the Swiss National Bank kept its benchmark rate unchanged at 0.00%, as anticipated. Later in the day, the Bank of England is expected to maintain its benchmark rate at 3.75%. As well, the European Central Bank is anticipated to keep its main interest rates steady. On the stat side, U.K.'s jobless rate for November-January was flat at 5.2%, as expected.

Asian indexes traded red tracking Wall Street's losses. On the economic front, the Bank of Japan kept its benchmark rate unchanged at 0.75% as expected. On the stat plan, Japan's machinery orders fell 5.5% month-on-month in January, compared with -7.5% estimated. Separately, Australia's jobless rate climbed to 4.3% in February, above 4.1% expected.

WTI crude oil prices bounced closed to 100 dollars yesterday following missile attacks against energy facilities in Qatar before slightly pulling back. They are currently trading around 97.00 dollars.

Gold and silver both remain under pressure, trading at their lowest since early February on hawkish Fed.

Bitcoin is badly oriented, challenging the 70,000 dollars level.
 
 
  Premarket news  
 
 
Micron Technology (MU), a manufacturer of memory chips, declines despite posting quarterly financial figures that beat estimates. The stock closed at record high yesterday and more than quadrupled over the past 12 months. Chief Executive Sanjay Mehrotra said: "we continue to expect supply-demand conditions for both DRAM and NAND to remain tight beyond calendar 2026".

Alibaba Group (BABA), a Chinese tech giant, drops as quarterly sales missed estimates.

Newmont (NEM), a gold miner, is badly oriented as precious metal prices fall.

Tesla (TSLA): the U.S. National Highway Traffic Safety Administration (NHTSA) said it is launching an engineering analysis of the electric-vehicle maker’s Full Self-Driving (FSD) software.

Five Below (FIVE), a discount retailer, jumps on strong guidance. Quarterly same-store sales increased 15%.

Accenture (ACN), a leading global professional services company, loses ground as current quarter sales forecast missed expectations.

Align Technology (ALGN), the designer of the Invisalign system, is well oriented as Bloomberg reported Elliott Investment Management builds a stake in the company.
 
 
  Expected Today  
 
 
No major earnings expected.
 
 
  Canada  
 
 
On Wednesday, the S&P/TSX Composite Index plunged 1.87% to 32,313, while the S&P/TSX 60 Index retreated 1.63% to 1,885.

AutoCanada (ACQ), a multi-location automobile dealership group, unveiled quarterly adjusted Ebitda down to 26.3 million dollars from 47.1 million dollars a year earlier. Sales fell to 1.12 billion dollars from 1.27 billion dollars a year ago. Both figures missed estimates. Stock was cut to "sector perform" from "outperform" at National Bank of Canada.

Boyd Group Services (BYD)'s, one of the largest operators of non-franchised collision repair centers, target price was cut to 270 dollars from 290 dollars at TD Cowen.

Power Corporation of Canada (POW), a diversified international management and holding company, reported quarterly net income down to 408 million dollars from 933 million dollars a year earlier. The company raised quarterly dividend by 9% to 0.6675 dollar per share.

Calfrac Well Services (CFW), a provider of specialized oilfield services, posted quarterly adjusted Ebitda up 27% to 43.9 million dollars on sales down 23% to 292.2 million dollars.

Orla Mining (OLA), a mining company, said it received permits to extend operations in Mexico supporting company's long-term commitment to Camino Rojo project.
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
Crude Oil (WTI)‎ (K6)‎ Intraday: intraday support around 94.05.
 
Pivot:
94.05
 
Our preference:
Long positions above 94.05 with targets at 98.60 & 99.80 in extension.
 
Alternative scenario:
Below 94.05 look for further downside with 92.60 & 91.45 as targets.
 
Comment:
The RSI lacks downward momentum.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
EUR/USD Intraday: key resistance at 1.1500.
 
Pivot:
1.1500
 
Our preference:
Short positions below 1.1500 with targets at 1.1440 & 1.1410 in extension.
 
Alternative scenario:
Above 1.1500 look for further upside with 1.1530 & 1.1550 as targets.
 
Comment:
As long as 1.1500 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
GBP/USD Intraday: key resistance at 1.3300.
 
Pivot:
1.3300
 
Our preference:
Short positions below 1.3300 with targets at 1.3240 & 1.3215 in extension.
 
Alternative scenario:
Above 1.3300 look for further upside with 1.3345 & 1.3375 as targets.
 
Comment:
As long as the resistance at 1.3300 is not surpassed, the risk of the break below 1.3240 remains high.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
USD/JPY Intraday: under pressure.
 
Pivot:
159.50
 
Our preference:
Short positions below 159.50 with targets at 158.85 & 158.55 in extension.
 
Alternative scenario:
Above 159.50 look for further upside with 159.70 & 159.90 as targets.
 
Comment:
As long as 159.50 is resistance, look for choppy price action with a bearish bias.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Gold Intraday: rebound expected.
 
Pivot:
4500
 
Our preference:
Long positions above 4500 with targets at 4710 & 4810 in extension.
 
Alternative scenario:
Below 4500 look for further downside with 4455 & 4405 as targets.
 
Comment:
The RSI calls for a new upleg.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Silver Intraday: rebound.
 
Pivot:
67.15
 
Our preference:
Long positions above 67.15 with targets at 72.00 & 75.00 in extension.
 
Alternative scenario:
Below 67.15 look for further downside with 65.45 & 63.86 as targets.
 
Comment:
The RSI advocates for further advance.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
Dow Jones (CME)‎ (M6)‎ Intraday: choppy.
 
Pivot:
46765
 
Our preference:
Short positions below 46765 with targets at 46300 & 45970 in extension.
 
Alternative scenario:
Above 46765 look for further upside with 47000 & 47280 as targets.
 
Comment:
Technically the RSI is below its neutrality area at 50.
 
Analyst Views Chart
 
Trade
 
 
 
 
 
S&P 500 (CME)‎ (M6)‎ Intraday: under pressure.
 
Pivot:
6715
 
Our preference:
Short positions below 6715 with targets at 6630 & 6575 in extension.
 
Alternative scenario:
Above 6715 look for further upside with 6764 & 6815 as targets.
 
Comment:
The RSI advocates for further decline.
 
Analyst Views Chart
 
Trade
 
 
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