XAU/USD – Daily Chart
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Forex Signals Nov 13: Disney, JD.com, and TMC Earnings Preview
A busy session lies ahead as investors turn their attention to earnings releases from The Walt Disney Company, JD.com, and TMC the Metals Co
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Last updated: Wednesday, November 12, 2025
Quick overview
- Investors are focused on earnings releases from The Walt Disney Company, JD.com, and TMC the Metals Company, which may impact global market sentiment.
- Political uncertainty surrounds a U.S. government funding bill vote, while upcoming economic data releases add to market unease.
- Gold prices surged above $4,200, contrasting with a decline in Bitcoin, which fell to around $100,880 amid profit-taking.
- Market volatility is expected as earnings reports could influence trading trends and investor confidence in various sectors.
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MARKETS TREND
A busy session lies ahead as investors turn their attention to earnings releases from The Walt Disney Company, JD.com, and TMC the Metals Company, which could influence sentiment across global markets.
Political Uncertainty Keeps Markets Uneasy
The U.S. House of Representatives is set for a 7 p.m. ET vote on the government funding bill, a move that could avert a shutdown. Meanwhile, the release of September non-farm payrolls could come as soon as Friday, though the data is now somewhat outdated. The White House also warned that October CPI and payroll data may not be released, adding a layer of uncertainty to the upcoming economic outlook.
Choppy Trading and Dollar Volatility
Markets were mixed and cautious throughout the day. The U.S. dollar initially firmed but later gave up gains, ending near session lows as traders avoided large positions. USD/JPY briefly touched 155.00 before pulling back, reflecting investor nerves. A drop in oil prices weighed on inflation expectations, while a weak 10-year bond auction pushed yields higher and helped stabilize the greenback late in the session.
Gold Surges, Bitcoin Slumps
Commodities and crypto diverged sharply. Gold spiked more than $70 to break above $4,200, surpassing key resistance before easing slightly into the close at $4,192. In contrast, Bitcoin tumbled from $105,000 to $100,880, signaling profit-taking in risk assets. Meanwhile, AMD shares jumped 10%, offsetting weakness in Nvidia, as investors rotated out of mega-cap tech and into healthcare and industrials.
Key Market Events to Watch Today: Earnings Calendar Overview
With Disney and JD.com set to report before the opening bell and TMC closing out the day’s earnings lineup, markets could see heightened volatility, especially in the media, tech, and resource sectors. The results will not only shape short-term trading trends but also offer insight into consumer resilience, corporate margins, and sector momentum as investors navigate an increasingly uncertain global backdrop.
The Walt Disney Company (DIS)
- Earnings Release: Q4 2025 (Before Market Open)
- Expected EPS: $1.02
- Focus Areas: Streaming profitability, theme park performance, and cost-cutting progress under CEO Bob Iger.
Market Impact: Investors will closely watch updates on Disney+ subscriber growth and its advertising strategy, which could determine near-term direction for the stock.
JD.com, Inc. (JD)
- Earnings Release: Q3 2025 (Before Market Open)
- Expected EPS: $2.89
- Focus Areas: E-commerce sales recovery, consumer spending trends in China, and competitive pressure from Alibaba and PDD Holdings.
Market Impact: JD.com’s results are likely to serve as a barometer for China’s broader retail demand and investor confidence in the region’s tech sector.
TMC the Metals Company Inc. (TMC)
- Earnings Release: Q3 2025 (After Market Close)
- Expected EPS: -$0.05
- Focus Areas: Deep-sea mining project updates, environmental approvals, and financing progress.
Market Impact: While smaller in scale, TMC’s earnings could influence investor sentiment in the green metals and sustainable energy sectors.
Gold Soars Above $4,200 Again
Although demand for safe haven assets is still high, gold fell precipitously from record highs following the Fed’s most recent rate cut comments, as profit-taking was prompted by Powell’s cautious tone. Earlier this month, gold jumped above $4.3800 following the Federal Reserve’s announcement of a 25 basis point rate decrease. But the impetus soon waned, and prices dropped back to $4,004. The 20 daily SMA (gray) held as support last week, but it gave way yesterday as sellers pushed Gold below $3,900 but buyers returned and pushed XAU above $4,200K breaking above the 20 daily SMA (gray).
Closing Our Long USD/JPY Signal
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.
USD/JPY – Weekly Chart
Cryptocurrency Update
Bitcoin Fails at the 20 Daily SMA
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 below $105,000 before finding support at the 200 daily SMA (purple) and recovering above $115,000 but then fell toward $100K again. However over the weekend BTC started to rebound off the $10oK again and yesterday the price climbed above $106K but reversed lower yesterday.
BTC/USD – Daily chart
Ethereum Finds Support
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. ON Friday we saw a dive below $3.500 however buying resumed on Sunday and ETH/USD climbed above $4,500 but returned back down below $4,000 again this week.
ETH/USD – Daily Chart
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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.
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