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Forex Signals Nov 6: BOE, Airbnb, ConocoPhillips, QBTS, Opendoor Earnings Preview
With today's Q3 earnings announcements from Airbnb, ConocoPhillips, QBTS, and Opendoor Technologies, traders are likely to position ahead...
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Last updated: Thursday, November 6, 2025
Quick overview
- U.S. stocks rebounded on Thursday, with the Nasdaq leading the recovery, although uncertainty and volatility persist in the market.
- The consumer discretionary sector showed strength, benefiting from optimism regarding potential limitations on tariffs, while high-growth tech stocks faced profit-taking.
- Key market events today include the Bank of England meeting and several major Q3 earnings reports from companies like Airbnb and ConocoPhillips.
- Cryptocurrency markets remain volatile, with Bitcoin fluctuating around $100K and Ethereum testing the $3,000 zone.
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MARKETS TREND
With today’s Q3 earnings announcements from Airbnb, ConocoPhillips, QBTS, and Opendoor Technologies, traders are likely to position ahead of these mixed triggers, which might lead to volatility.
Markets Rebound but Uncertainty Lingers
U.S. stocks bounced back on Thursday, reversing part of yesterday’s steep losses, though traders remain wary amid lingering volatility and sector churn.
Nasdaq Leads the Recovery
The Nasdaq Composite spearheaded the rebound, climbing 0.65%, while the S&P 500 gained 0.37% and the Dow Jones Industrial Average added 0.48%. The move came after a sharp selloff in the previous session, where the Nasdaq dropped 2.04% and the S&P 500 fell 1.17%.
Both the Nasdaq and Dow found crucial support at their 20-day moving averages, a trendline that has repeatedly acted as a springboard for buyers throughout the current uptrend.
Sector Strength Driven by Consumer Discretionary
Out of the S&P 500’s 11 sectors, seven closed higher, led by consumer discretionary, which advanced 1.12%.
That group — previously weighed down by tariff concerns and weakening consumer sentiment — benefited from optimism that the U.S. Supreme Court may limit former President Trump’s tariff powers, easing pressure on retail importers and consumer goods firms.
Materials, health care, and industrials also posted solid gains, while communication services and technology lagged slightly.
Caution Creeps Beneath the Surface
While the rebound was welcomed after Wednesday’s rout, underlying sentiment remains fragile. Investors showed hesitancy toward high-growth tech names, particularly NVIDIA and Super Micro Computer, both of which continue to see heavy profit-taking after extended rallies.
In contrast, airlines, automakers, and clean energy stocks drew buying interest, signaling a rotation toward cyclical and value-oriented sectors.
Key Market Events to Watch Today: BOE Meeting and Earnings Calendar Overview
Today’s Bank of England meeting and earnings lineup offers a cross-sector snapshot of economic health — from energy demand and travel resilience to real estate and emerging tech.
BoE Announcement (Thu):
Expectations are for the BoE to keep the Bank Rate at 4.0%, according to 54/63 surveyed by Reuters, with markets assigning a 31% chance of such an outcome. The decision to do so is expected to be via a 6-3 vote split vs. the 7-2 decision in September. The BoE has largely been priced on hold since the August meeting, which saw a “hawkish” cut as more policymakers than expected put their weight behind an unchanged move on account of concerns over the stickiness of inflation in the UK. Looking beyond November, the aforementioned September CPI report added to expectations of a cut in December, with such an outcome priced at around 64%.
Corporate Spotlight: Major Q3 Reports Could Steer Market Sentiment
A wave of diverse Q3 earnings reports is set to shape market tone today, spanning energy, tech, and real estate sectors.
ConocoPhillips (COP)
- Sector: Energy
- Event: Q3 2025 Earnings Announcement
- Timing: Before Market Open (BMO)
- Expected EPS: $1.41
- Focus: Analysts will watch for updates on oil production volumes, capital spending, and guidance amid fluctuating crude prices.
Airbnb (ABNB)
- Sector: Travel / Consumer Services
- Event: Q3 2025 Earnings Announcement
- Timing: After Market Close (AMC)
- Expected EPS: $2.31
- Focus: Market attention is on booking trends, forward guidance for holiday travel, and how new short-term rental regulations may affect margins.
D-Wave Quantum (QBTS)
- Sector: Technology / Quantum Computing
- Event: Q3 2025 Earnings Announcement
- Timing: Before Market Open (BMO)
- Expected EPS: −$0.07
- Focus: Investors will assess progress toward commercialization and revenue visibility in a challenging funding environment.
Opendoor Technologies (OPEN)
- Sector: Real Estate / PropTech
- Event: Q3 2025 Earnings Announcement
- Timing: After Market Close (AMC)
- Expected EPS: −$0.07
- Focus: The market will look at transaction volumes, home price trends, and any signs of improvement in cash flow as housing market headwinds persist.
Gold Price Consolidates
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 Rebounds from 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 Returns Above $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
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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