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Forex Signals Nov 5: Toyota, McDonald’s, Qualcomm, AppLovin, Robinhood Earnings Preview
Today’s diverse earnings slate from Toyota, McDonalds, AppLovin, QUALCOMM and Robinhood spans autos, consumer staples, technology, and...
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Last updated: Wednesday, November 5, 2025
Quick overview
- Today's earnings reports from major companies like Toyota, McDonald's, and QUALCOMM provide insights into various sectors, reflecting global economic trends.
- The US equity market experienced a significant selloff, particularly in technology stocks, with Palantir and Nvidia seeing notable declines.
- Bitcoin fell below the $100,000 mark, continuing a broader retreat in the crypto market as risk appetite diminishes.
- The US dollar strengthened against major currencies, indicating a shift towards safe-haven assets amid market volatility.
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MARKETS TREND
Today’s diverse earnings slate from Toyota, McDonalds, AppLovin, QUALCOMM and Robinhood spans autos, consumer staples, technology, and fintech — offering a broad read on global economic momentum.
Tech Stocks Lead Market Selloff
The US equity market closed sharply lower, with technology shares bearing the brunt of the decline. Palantir Technologies (NYSE: PLTR) dropped 8%, despite exceeding both earnings and guidance expectations. The slide came after CEO Alex Karp’s fiery CNBC interview, in which he took aim at short sellers — particularly Michael Burry, who disclosed long positions in both Nvidia and Palantir earlier in the week.
Despite Karp’s frustration, Palantir remains up over 150% year-to-date, underscoring how overextended sentiment had become. Nvidia (NASDAQ: NVDA) also joined the rout, falling 4% as investors trimmed exposure to high-growth AI names.
The NASDAQ Composite plunged 2.04%, while the S&P 500 shed 1.17%, marking one of the sharpest daily declines this month.
Bitcoin Reverses Below Key Level
Crypto markets echoed Wall Street’s losses. Bitcoin slumped back below the $100,000 mark to $99,063, down 6.99% on the day — a drop of nearly $7,500. The move extends a broader retreat that began after the October 10 highs, as risk appetite cools across speculative assets.
Dollar Strengthens as Risk Assets Falter
The US dollar strengthened against most major peers, climbing 1% versus the NZD and 0.91% against the GBP, while slipping slightly against the JPY. The US Dollar Index (DXY) briefly surged past the 100 mark for the first time since August 1, reflecting renewed safe-haven flows.
Key Market Events to Watch Today: RBA Meeting and Earnings Calendar Overview
A busy week of earnings awaits investors as major players from autos, tech, and consumer sectors report results that could shape near-term market sentiment.
Toyota Motor Corporation (NYSE: TM)
- Reports Q2 2026 earnings before market open (BMO).
- Consensus EPS: ¥5.36.
- Investors expect another strong quarter driven by resilient hybrid sales and cost-cutting measures in electric vehicle (EV) development.
- Focus will be on guidance for FY2026 margins and the impact of global supply chain normalization.
McDonald’s Corporation (NYSE: MCD)
- To release Q3 2025 results before market open (BMO).
- Forecast EPS: $3.33.
- Analysts anticipate modest same-store sales growth, though concerns linger about consumer spending trends amid inflationary pressures.
- Market attention will also be on international market performance and franchise profitability as key growth drivers.
- After the Bell – Tech and Fintech in Focus (AMC)
AppLovin Corporation (NASDAQ: APP)
- Reports Q3 2025 earnings after market close (AMC).
- Consensus EPS: $2.39.
- The market expects continued momentum in its AI-driven ad optimization platform, though rising competition in app monetization may weigh on margins.
- Guidance updates will be key in gauging the sustainability of its rapid profit expansion.
QUALCOMM Incorporated (NASDAQ: QCOM)
- Announces Q4 2025 results after market close (AMC).
- Projected EPS: $2.87.
- With smartphone demand stabilizing, focus shifts to Qualcomm’s AI-enabled chips and auto semiconductor division for future growth signals.
- Investors are also watching for commentary on China exposure and licensing revenue trends.
Robinhood Markets, Inc. (NASDAQ: HOOD)
- To post Q3 2025 earnings after market close (AMC).
- Expected EPS: $0.61.
- Traders will assess the impact of market volatility on trading volumes and net interest income.
- Analysts see a possible uptick in crypto-related revenues but remain cautious on user growth and retention rates.
Economic Data Clouded by Government Shutdown
Markets are also facing uncertainty ahead of key labor data releases. The US non-farm payrolls report, originally scheduled for Friday, November 7, is expected to be delayed due to the ongoing government shutdown. This means the market still lacks both September and October jobs data — a major gap for Fed policymakers.
In the meantime, attention turns to ADP employment data, with the first print showing 14,250 jobs added in the four weeks ending October 11. However, the figure is seen as incomplete amid missing federal data inputs.
Fed Chair Jerome Powell reiterated that the FOMC remains divided on the December rate decision, highlighting a fragile policy outlook that continues to unsettle investors.
Gold Price Heads to $3,900
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 $4K. However the selloff has resumed.
USD/JPY Returns to 150
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 153 but returned below 152 yesterday.
USD/JPY – Weekly Chart
Cryptocurrency Update
Bitcoin Dips Below $100K
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 last week BTC has turned higher again, climbing above $114K over the weekend but tumbled to $106K on Monday.
BTC/USD – Daily chart
Ethereum Tests the $3,000 Zone
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
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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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