Quick overview
- Today’s earnings calendar includes CoreWeave, Super Micro, Cardinal Health, and Sea Limited, with a focus on AI infrastructure spending.
- The Japanese yen weakened significantly, pushing USD/JPY above 159, raising concerns for Japan’s Finance Ministry.
- Crude oil prices surged nearly 5% amid escalating tensions involving Iran and the Strait of Hormuz.
- Gold rebounded sharply due to a weaker U.S. dollar and geopolitical uncertainty, while Nvidia faces scrutiny over a potential $500 billion loan.
Live BTC/USD Chart
BTC/USD
Today’s earnings calendar features CoreWeave, Super Micro, Cardinal Health, Inc. and Sea Limited, with AI infrastructure spending and growth expectations likely to drive market reactions.
Yen Slides as USD/JPY Pushes Above 159
The Japanese yen came under renewed pressure Monday, giving back a significant portion of its recent intervention-driven gains. USD/JPY climbed more than 150 pips, with steady buying continuing after the pair broke above 159.00 during U.S. trading.
The move presents another challenge for Japan’s Finance Ministry and the U.S. Treasury, which have struggled to contain yen weakness despite substantial intervention efforts. Markets will be watching Japanese officials’ rhetoric closely as Tokyo responds to the renewed pressure.
Iran Tensions Keep Oil Elevated
Markets are also becoming less optimistic about a quick resolution to the conflict involving Iran and the reopening of the Strait of Hormuz. President Trump appeared to shift toward economic pressure and a potential blockade strategy over the weekend, while Iran has indicated it could maintain restrictions around the critical oil route.
Crude prices jumped nearly 5% Monday, highlighting the growing economic costs and raising concerns that the standoff could persist.
Gold Rebounds Sharply
Gold also staged an impressive reversal, recovering from around $4,313 to trade near $4,389. A weaker U.S. dollar, soft U.S. jobs data and continued geopolitical uncertainty have provided supportive conditions for bullion.
Nvidia Faces Fresh Scrutiny
Nvidia shares also faced pressure after reports emerged of a potential $500 billion structured-finance loan linked to hyperscaler infrastructure expansion. As details emerge, investors appear increasingly focused on the enormous financing requirements behind the AI buildout.
Earnings Calendar Highlight Today
Today’s calendar offers a mix of technology, AI infrastructure, healthcare and digital entertainment earnings. CoreWeave and Super Micro could attract the most attention, given the market’s growing sensitivity to AI spending and the enormous capital requirements behind the sector’s expansion. Strong results could reinforce the recent technology rally, while disappointing guidance or margin pressure could quickly revive concerns over stretched valuations and aggressive investment.
Sea Limited (SE)
- Earnings: Q2 2026
- Timing: Before Market Open (BMO)
- Expected EPS: $0.86
- Market Cap: Approximately $70.31 billion
- Investors will be watching Sea’s revenue growth, profitability and outlook across its e-commerce, digital entertainment and financial-services businesses.
CoreWeave (CRWV)
- Earnings: Q2 2026
- Timing: After Market Close (AMC)
- Expected EPS: -$1.45
- Market Cap: Approximately $48.11 billion
- CoreWeave is one of the most important reports on the calendar given the intense focus on AI infrastructure spending. Investors are likely to scrutinize revenue growth, capital expenditures, margins, customer demand and its outlook for future data-center expansion.
Cardinal Health (CAH)
- Earnings: Q4 2026
- Timing: Before Market Open (BMO)
- Expected EPS: $2.42
- Market Cap: Approximately $55.55 billion
- The healthcare distributor will provide investors with an update on earnings performance and its expectations for the upcoming fiscal year.
Super Micro Computer (SMCI)
- Earnings: Q4 2026
- Timing: After Market Close (AMC)
- Expected EPS: $0.96
- Market Cap: Approximately $20.35 billion
- SMCI remains highly sensitive to AI infrastructure spending. Investors will be watching server demand, margins, supply constraints and the company’s ability to capitalize on continued data-center investment.
Tencent Music Entertainment (TME)
- Earnings: Q2 2026
- Timing: Before Market Open (BMO)
- Expected EPS: $1.62
- Market Cap: Approximately $16.21 billion
- The report will offer fresh insight into subscriber growth, advertising trends, music services and profitability in China’s digital entertainment market.
Forex Signals Update
Gold Returns to the $4,000 Level
Gold prices experienced a volatile trading week, ultimately finishing significantly lower after an initially strong rally lost momentum. The precious metal climbed above $4,300 early in the week but later reversed sharply, ending nearly $100 below its recent highs as investors reassessed the outlook for interest rates and global risk sentiment.
The decline was largely driven by a stronger U.S. dollar, rising Treasury yields, and reduced demand for defensive assets following positive geopolitical developments in the Middle East. Despite the weakness, gold remains above the critical $4,000 support zone, which continues to define the longer-term bullish trend but it is under attack.
USD/JPY Dives Below the 100 SMA
Foreign exchange markets saw sharp swings. Early in the week, U.S. yield differentials and Japanese capital outflows pushed the dollar above ¥150, but disappointing U.S. jobs data triggered profit-taking, causing the USD/JPY to slide by four yen from its peak. However, the new BOJ governor the JPY has weakened and USD/JPY soared to 154 and we decided to close our buy signal for more than 80 pips as the pair found support at the 20 daily SMA (gray) and has rebounded more than 200 pips off that MA but reversed after the 25 bps rate cut from the FED. The price climbed to $164 but reversed after the BOJ meeting and fell 7 cents, breaking below the 100 daily SMA (red) as well, which has been acting as support before.
USD/JPY – Daily Chart
Cryptocurrency Update
The 50 Daily SMA Holds as Support for Bitcoin
Cryptocurrencies remained highly active over the summer. Bitcoin (BTC) climbed to fresh highs of $123,000 and $124,000 in July and August, supported by institutional inflows and technical strength. However, remarks from Treasury Secretary Scott Bessent ruling out U.S. increases to BTC reserves triggered a steep pullback, sending the coin down to $80K before finding support at the 100 weekly SMA (green). A rebound followed, sending BTC near $100 is the first major text for Bitcoin buyers. However BTC returned lower and fell below $80K, breaking below the but the 100 weekly SMA (green) but the decline stopped at the $60K support where the 200 weekly SMA (purple) stands and rebounded above $76K but returned below $70K again.
BTC/USD – Daily Chart
Ethereum Returns Toward $2,000
Ethereum (ETH) has been similarly strong, surging toward $4,800, its highest since 2021 and near its all-time peak of $4,860. Despite a dip last week, ETH found support at the 20-day SMA, with retail enthusiasm and renewed institutional participation driving fresh upside momentum. Last week we saw a dive below $2,000 but buyers returned and pushed the price above $2K again.
ETH/USD – Weekly Chart
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank’s local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
