Forex Signals Brief August 25: NVDA, CRWD Earnings on Top of PCE Inflation This Week

After Jerome Powell's Dovish hints last Friday, focus will be on PCE inflation to be released this Friday as well as NVDA, CRWD Q2 Earnings.

Written by: Skerdian Meta • Monday, August 25, 2025 • 4 min read

• Last updated: Monday, August 25, 2025

Additional earnings reports will be continue to generate this week's stock market volatility in the week ahead

Quick overview

Jerome Powell's dovish hints last week led to a rally in risk assets and a decline in the USD.
Key earnings reports from NVIDIA, CrowdStrike, and Snowflake are anticipated this week, with a focus on their growth and market impacts.
The U.S. PCE inflation report on Friday is expected to significantly influence Federal Reserve policy and market sentiment.
Gold prices rebounded after Powell's speech, while Bitcoin and Ethereum experienced volatility amid market fluctuations.

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After Jerome Powell’s Dovish hints last Friday, focus will be on PCE inflation to be released this Friday as well as NVDA, CRWD Q2 Earnings.

Central Bank Moves and Powell’s Dovish Signal

Last week’s markets were dominated by major central bank events. The Reserve Bank of New Zealand lowered its cash rate by 0.25% to 3.00%, sending the New Zealand dollar sharply lower across the board. Meanwhile, the FOMC meeting on Wednesday passed without major surprises, but the highlight came on Friday with Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. Leaning dovish, Powell signaled greater flexibility on rates, sparking a broad rally and driving the USD down by 1.5 cents, while risk assets surged.

US Equities and Gold React

Wall Street welcomed Powell’s remarks, with the Dow Jones hitting a new record high. Gold also joined the rally: after briefly dipping below $3,268/oz following the Fed’s steady-rate decision, the metal climbed nearly $50 higher by week’s end.

Key Market Events for This Week

Markets will be watching several high-profile tech earnings that could set the tone for sentiment in the sector. Here are the highlights:

Key Earnings to Watch This Week

🔹 NVIDIA Corporation (NVDA)

Event: Q2 2026 Earnings Report (After Market Close)
EPS Estimate: $1.01
Focus: Investors will track the impact of China export curbs and AI demand on revenue momentum.

🔹 CrowdStrike Holdings (CRWD)

Event: Q2 2026 Earnings Report (After Market Close)
EPS Estimate: $0.83
Focus: Growth in cybersecurity subscriptions and enterprise demand will be in the spotlight.

🔹 Snowflake Inc. (SNOW)

Event: Q2 2026 Earnings Report (After Market Close)
EPS Estimate: $0.27
Focus: Attention on customer additions, cloud adoption trends, and profitability progress.

This week’s economic calendar is packed with high-impact events spanning multiple regions, from inflation readings in Australia, Japan, and the U.S. to growth updates in Europe and Canada. The U.S. PCE report on Friday stands out as the most market-moving release, given its influence on Federal Reserve policy.

Alongside central bank minutes and GDP figures, these data points will shape investor sentiment, currency flows, and global risk appetite heading into September.

Monday

China – PBoC Medium-Term Lending Facility (MLF): Market participants will watch closely for signals on liquidity support and monetary policy stance.
Germany – Ifo Business Climate (August): A key gauge of economic sentiment in Europe’s largest economy, providing insight into growth momentum.
United States – New Home Sales (July): Housing market resilience remains under scrutiny amid higher mortgage rates.

Tuesday

Australia – RBA Minutes: Traders will parse the tone for future interest rate guidance and inflation outlook.
Sweden – Riksbank Minutes: Offers clues on the central bank’s policy trajectory after recent tightening steps.
United States – Durable Goods Orders: A crucial indicator of business investment and manufacturing sector health.

Wednesday

Australia – CPI (July): A key release shaping expectations for RBA policy decisions in the months ahead.
United States – EIA Crude Oil Inventories: Provides short-term signals on energy demand and potential impact on global oil prices.

Thursday

Eurozone – ECB Minutes: Markets will look for hints on how quickly policymakers may shift toward easing.
Switzerland – GDP (Q2): An update on the Swiss economy’s resilience in the face of global headwinds.
United States – GDP Prelim (Q2) & Price Index: The second estimate of U.S. growth and inflationary pressures, both key for Fed policy expectations.

Friday

Japan – Tokyo CPI (August): Seen as a leading indicator of nationwide inflation trends, closely watched by the Bank of Japan.
Germany – Retail Sales (July): Consumer activity in Europe’s largest economy is critical for regional growth.
United States – PCE Price Index (July): The Fed’s preferred inflation gauge; a major driver of interest rate outlooks.
Canada – GDP (Q2): Offers perspective on whether the Canadian economy is holding up amid slowing global demand.

Forex Signals Update

Last week, markets were quite volatile once, with gold retreating and then bouncing to finish the week close to $4,000 but yesterday it retreated again. EUR/USD continued the upward move toward 1.17, while main indices closed higher. The moves weren’t too big though, and we opened 35 trading signals in total, finishing the week with 23 winning signals and 12 losing ones.

Gold Rebounds After Powell

Gold also joined the rally: after briefly dipping below $3,268/oz following the Fed’s steady-rate decision, the metal climbed nearly $50 higher by week’s end. Strong safe-haven demand and stable labor data lifted prices above the 100-day SMA, reinforcing bullish momentum. Technicals continue to highlight the $3,450–$3,500/oz zone as the next key breakout area.

XAU/USD – Daily Chart

Yen Recovery from ¥150 Shock

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. The move underscored persistent volatility as traders weighed Japan’s intervention risks against evolving Fed expectations.

USD/JPY – Weekly Chart

Cryptocurrency Update

Bitcoin Returns to $112K Support Again

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 $113,000 before recovering above $116,000. Stronger-than-expected U.S. inflation data also added to the volatility.

BTC/USD – Weekly chart

Ethereum Prints A New Record High

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. However buying resumed and on Sunday Eth/USD printed another record at $4,941.

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.