Forex Signals Nov 7: KKR, Constellation Energy, Honda, Trump Media Earnings Preview Today
Energy resilience will be measured by KKR and Constellation results, while Honda provides an indication of Japan's industrial resurgence.
Quick overview
- The Bank of England maintained its interest rate at 4.00%, signaling a shift in focus from inflation concerns to weakening demand.
- Equities experienced a significant selloff, with the S&P 500 and Nasdaq Composite both declining sharply amid investor fatigue and monetary policy uncertainty.
- Technology stocks faced notable declines, with major companies like Palantir and Nvidia seeing substantial drops in share prices.
- Today's earnings reports from KKR, Constellation Energy, Honda, and Trump Media are expected to provide insights into various sectors and overall market sentiment.
Live BTC/USD Chart
Energy resilience will be measured by KKR and Constellation results, while Honda provides an indication of Japan’s industrial resurgence. In the meantime, Trump Media concludes the day with a little retail speculation and headline risk.
Bank of England Holds Rates Amid Shifting Economic Risks
The Bank of England kept its Bank Rate unchanged at 4.00% in a narrow 5–4 vote, with four members — Breeden, Ramsden, Dhingra, and Taylor — favoring a 25 basis-point cut.
The Committee noted that inflation has peaked and disinflation is progressing, supported by a restrictive stance. However, the tone shifted noticeably, with less concern about persistent inflation and more focus on weakening demand and slowing growth momentum.
Stocks Suffer Another Broad Selloff
Equities came under renewed pressure, marking the second sharp decline this week. The S&P 500 fell 1.02%, erasing much of Wednesday’s brief rebound, while the Nasdaq Composite dropped 1.76% after earlier losses of over 2%.
The selloff reflects mounting investor fatigue as confidence in a near-term recovery fades and focus turns toward monetary policy uncertainty and slowing earnings momentum.
Tech Weakness Deepens
Technology shares continued to drag markets lower. Palantir slid 15.5% this week after disappointing guidance, Meta dropped 2.67% and is now down nearly 18% since its earnings, while Nvidia fell 3.65%, extending its decline to 11% from Monday’s high. AMD also tumbled 7.27%, deepening sector-wide losses.
The sharp reversals signal that investors are trimming exposure to high-valuation growth names as enthusiasm around AI and big tech cools.
Key Market Events to Watch Today: BOE Meeting and Earnings Calendar Overview
Investors brace for a packed earnings session featuring key updates from finance, energy, automotive, and media sectors that could steer market sentiment ahead of Friday’s close.
Earnings Today
KKR & Co. Inc. (NYSE: KKR)
- Reports Q3 2025 results before the bell.
- Analysts expect EPS of $1.30, reflecting solid private equity gains but potential markdowns in real assets due to market volatility.
- Investors will watch for updates on fundraising activity, fee income, and credit performance, as KKR’s global portfolio often provides an early read on institutional risk appetite.
Constellation Energy Corporation (NASDAQ: CEG)
- Scheduled to release Q3 2025 earnings pre-market.
- Consensus calls for EPS of $3.12, driven by strong wholesale power pricing and stable nuclear generation output.
- Analysts are focused on guidance revisions for FY2025, given ongoing volatility in natural gas markets and recent expansion in clean energy investments.
Honda Motor Co., Ltd. (NYSE: HMC)
- Posts Q2 fiscal 2026 results before U.S. markets open.
- Forecasts remain muted amid concerns about yen fluctuations, EV development costs, and slowing China sales.
- Investors will look for margin stabilization and clarity on battery partnerships as the Japanese automaker refines its long-term electrification strategy.
Trump Media & Technology Group Corp. (NASDAQ: DJT)
- Reports Q3 2025 results after the closing bell.
- While no EPS estimate is provided, markets anticipate another volatile session due to the company’s low float and high retail trading volume.
- Traders are eyeing user growth metrics for Truth Social, advertising revenue trends, and any management commentary on future platform monetization.
- Given DJT’s history of post-earnings swings, implied volatility remains elevated in options markets.
Today’s earnings lineup brings a broad cross-sector snapshot of global economic sentiment — from private equity and clean energy to automotive and social media.
Overall, investors expect mixed results and elevated volatility as companies balance cost pressures with cautious guidance into year-end.
Last week, markets were quite volatile again, with gold finding support at $4,000. EUR/USD stayed above 1.16 while main indices closed the week higher at new records. 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 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 to $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 turned higher again, climbing above $114K over the weekend but tumbled to $10oK again.
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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