XAU/USD – Daily Chart
Forex Signals Feb 11: Cisco, McDonald’s, T-Mobile, Shopify and AppLovin Earnings Preview
Investors are watching earnings from Cisco Systems, McDonald’s, T-Mobile US, Shopify and AppLovin today, with results expected to shape...
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Last updated: Wednesday, February 11, 2026
Quick overview
- Investors are closely monitoring earnings reports from major companies like Cisco, McDonald's, and Shopify, which could influence market sentiment across various sectors.
- The US dollar has weakened against the yen due to disappointing retail sales data, prompting concerns about slowing economic growth.
- Equity markets displayed mixed signals, with Marriott performing well while Ford faced significant earnings challenges.
- Upcoming US Non-Farm Payrolls data is anticipated to provide further insights into the labor market amidst recent resilient indicators.
Investors are watching earnings from Cisco Systems, McDonald’s, T-Mobile US, Shopify and AppLovin today, with results expected to shape sentiment across tech, telecom, consumer and digital commerce sectors.
US Dollar Pressured by Soft Data
The US dollar weakened against the Japanese yen for a second consecutive session, weighed down by a disappointing US retail sales report. All core components undershot expectations, while prior months were revised modestly lower. As a result, GDP tracking estimates were adjusted down, reinforcing concerns about slowing momentum in US growth.
USD/JPY Slides Toward Key Levels
USD/JPY trended steadily lower, falling to a session low of 154.06. The trough coincided with the London fix, after which the pair staged a modest recovery of around 30 pips. The move reflected broad dollar softness rather than yen-specific strength.
Mixed Dollar Performance Elsewhere
Outside of the yen, the US dollar showed a more mixed performance. The currency managed to recover even as Treasury yields fell across the curve. Late-session equity selling provided additional support for the dollar, highlighting its continued role as a defensive asset during periods of risk aversion.
Equity Markets Show Diverging Signals
Equity markets were mostly mixed and little changed overall. Marriott stood out on the upside, supported by signs of strength in the premium travel segment. In contrast, Ford posted its largest earnings miss in four years, though management pointed to a potential rebound in 2026.
BP reported Q4 earnings that beat estimates on higher oil production, but revenues fell short and the company announced it would halt share buybacks. Spotify shares surged 15% after reporting its strongest quarter of user growth on record.
Key Market Events to Watch Today: Key Corporate Reports to Watch
Today’s earnings slate spans enterprise tech, consumer discretionary, telecoms and digital platforms, making it a key session for broader market direction. Strong results from Cisco or Shopify could reinforce confidence in tech, while McDonald’s and T-Mobile may offer insight into consumer and defensive trends. With valuations stretched in parts of the market, guidance and forward commentary are likely to matter just as much as headline EPS figures.
US Labour Market in Focus
Attention now turns to the US Non-Farm Payrolls report scheduled for Wednesday. The January jobs data, originally due on 6 February, was delayed to 11 February at 08:30 EST / 13:30 GMT due to the partial US government shutdown. Recent labour market indicators have remained resilient, with initial jobless claims holding low at 210k after revisions and continuing claims easing to 1.827 million during the survey week.
Cisco Systems, Inc. (CSCO)
- Event: Q2 2026 Earnings Announcement
- Timing: After Market Close (AMC)
- EPS Estimate: 1.02
- Earnings Surprise (Previous): +59.18%
- Market Capitalisation: $340.94 billion
What to watch:
- Demand trends across networking, cloud infrastructure and cybersecurity
- Progress on AI-related enterprise spending
- Guidance on margins and enterprise IT budgets
Cisco’s strong history of positive earnings surprises raises expectations for another solid quarter, particularly if enterprise demand remains resilient.
McDonald’s Corporation (MCD)
- Event: Q4 2025 Earnings Announcement
- Timing: Before Market Open (BMO)
- EPS Estimate: 3.05
- Earnings Surprise (Previous): -325.42%
- Market Capitalisation: $232.61 billion
What to watch:
- Same-store sales trends amid consumer pressure
- Pricing power versus volume growth
- Commentary on input costs and international demand
After a sharp negative surprise previously, markets will be sensitive to signs of stabilisation or improvement in consumer spending.
T-Mobile US, Inc. (TMUS)
- Event: Q4 2025 Earnings Announcement
- Timing: Before Market Open (BMO)
- EPS Estimate: 2.06
- Earnings Surprise (Previous): -5.82%
- Market Capitalisation: $224.44 billion
What to watch:
- Subscriber growth and churn trends
- ARPU performance in a competitive telecom environment
- Capital expenditure and cash flow outlook
Even a modest beat or strong guidance could support the stock given the defensive appeal of telecoms.
Shopify Inc. (SHOP)
- Event: Q4 2025 Earnings Announcement
- Timing: Before Market Open (BMO)
- EPS Estimate: 0.51
- Market Capitalisation: $166.06 billion
What to watch:
- Merchant growth and GMV trends
- Profitability progress and operating leverage
- AI-driven tools and monetisation strategies
Shopify’s earnings will be closely read for signs that growth can reaccelerate while margins continue to improve.
AppLovin Corporation (APP)
- Event: Q4 2025 Earnings Announcement
- Timing: After Market Close (AMC)
- EPS Estimate: 2.94
- Market Capitalisation: $159.97 billion
What to watch:
- Advertising demand trends
- Performance of AI-driven ad optimisation
- Forward guidance in a volatile digital ad market
AppLovin remains a high-beta name, meaning results could drive outsized moves in either direction.
Gold Resumes the Decline Again As Safe Havens Lose Status
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. In December, 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 and buyers returned and pushed XAU above the $5,000 mark for the first time during Asian hours and extended the rally in New York, printing a fresh record high near $5,111 before retreating below $5,000 late in the session. But buyers returned into Asian session and XAU climbed to $5,598 but pulled back below $5,000 again.
USD/JPY Rebounds Above 155
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 approached $160 but reversed after the BOJ meeting and fell 8 cents but found support at $152 at the 100 daily SMA (red) and rebounded above 156.
USD/JPY – Daily Chart
Cryptocurrency Update
Bitcoin Heads to $50K
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 SM A(purpe) stands and rebounded above $70K.
BTC/USD – Weekly Chart
Ethereum Slips Below $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 n d pushed the price above $2K again.
ETH/USD – Weekly Chart
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ABOUT THE AUTHOR
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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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