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Forex Signals Nov 10: Earnings Buzz from Sony, Cisco, Alibaba, CoreWeave, and Oklo
This week attention turns to Q3 earnings reports from Mitsubishi, Sisco, Alibaba, Sony, CRWV etc, as Washington nears funding agreement.
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Last updated: Monday, November 10, 2025
Quick overview
- This week, major companies including Mitsubishi, Sisco, Alibaba, and Sony are set to release their Q3 earnings reports amid ongoing discussions in Washington regarding a funding agreement.
- The Bank of England decided to maintain its interest rate at 4.00%, reflecting concerns over economic cooling and shifting focus from inflation to potential stagnation.
- Equity markets experienced a significant selloff, particularly in the technology sector, with notable declines in stocks like Palantir and Meta, as investor sentiment remains fragile.
- Political progress in Washington regarding government funding is providing some support to the markets, with Senate leaders working towards a resolution.
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MARKETS TREND
This week attention turns to Q3 earnings reports from Mitsubishi, Sisco, Alibaba, Sony, CRWV etc, as Washington nears funding agreement.
Bank of England Held Rates as Economic Concerns Shift
The Bank of England (BoE) opted to keep its Bank Rate steady at 4.00% following a close 5–4 vote, with four members — Breeden, Ramsden, Dhingra, and Taylor — supporting a 25 basis-point rate cut.
Changing Tone on Inflation and Growth
The Committee’s statement reflected a softer stance on inflation, acknowledging that price pressures have peaked and disinflation is taking hold, aided by the Bank’s restrictive monetary policy. However, the tone of the discussion has shifted — policymakers expressed growing concern over weakening demand, slower growth momentum, and signs of economic cooling. The balance of risks appears to be tilting from inflation toward potential stagnation in the broader economy.
Stocks Weaken Under Renewed Selling Pressure
Equity markets faced another broad selloff, marking the second major decline this week. The S&P 500 slipped 1.02%, giving up most of Wednesday’s brief rebound, while the Nasdaq Composite dropped 1.76% after earlier intraday losses exceeding 2%.
Investor sentiment remains fragile amid uncertainty about central bank policy direction and slowing corporate earnings growth. Many traders are retreating from risk assets as optimism over a near-term rebound fades, and focus shifts toward macroeconomic headwinds.
Technology Stocks Lead the Decline
The technology sector once again bore the brunt of the selloff. Palantir fell 15.5% this week after releasing weaker-than-expected guidance. Meta dropped 2.67%, extending its total post-earnings decline to nearly 18%.
Nvidia shed 3.65%, bringing its loss to 11% from Monday’s high. AMD tumbled 7.27%, amplifying sector-wide losses. The pullback underscores a broader loss of momentum across high-growth tech names, which had previously fueled market gains.
Political Progress Offers Market Support
In Washington, efforts to resolve the government funding impasse added further momentum. Senate leaders continued discussions over the weekend, with plans for a rare Sunday session aimed at finalizing a deal that could reopen federal operations and extend key healthcare subsidies for another year.
Key Market Events to Watch Today: BOE Meeting and Earnings Calendar Overview
Investors turned their focus to a packed earnings calendar featuring Sony, Cisco Systems, CoreWeave, and Oklo, with results expected to gauge momentum across tech, and global markets.
Earnings Reports This Week
Sony Group Corporation (SONY)
- Report: Q2 2025 earnings
- Timing: Before Market Open (BMO)
- Expected EPS: $0.27
- Sony’s results are expected to reflect stronger gaming revenue and improving semiconductor sales, but FX headwinds could weigh on profitability.
CoreWeave, Inc. (CRWV)
- Report: Q3 2025 earnings
- Timing: After Market Close (AMC)
- Expected EPS: -$0.51
- Analysts expect continued operating losses as the AI infrastructure firm scales its data center expansion.
Oklo Inc. (OKLO)
- Report: Q3 2025 earnings
- Timing: After Market Close (AMC)
- Expected EPS: -$0.12
- Investors will focus on nuclear deployment progress and new government partnerships amid growing clean energy investment.
Cisco Systems, Inc. (CSCO)
- Report: Q1 2026 earnings
- Timing: After Market Close (AMC)
- Expected EPS: $0.98
- Cisco’s report will offer insight into enterprise IT demand and its transition toward software and recurring revenue.
Circle Internet Group (CRCL)
- Report: Q3 2025 earnings
- Timing: Before Market Open (BMO)
- Expected EPS: $0.17
- Circle’s financials will be closely watched for signs of stablecoin adoption growth and regulatory clarity.
TMC the Metals Company Inc. (TMC)
- Report: Q3 2025 earnings
- Timing: After Market Close (AMC)
- Expected EPS: -$0.05
- Focus remains on seabed mining progress and environmental approvals for the next phase of exploration.
Alibaba Group Holding Limited (BABA)
- Report: Q2 2026 earnings
- Timing: Before Market Open (BMO)
- Expected EPS: $5.78
- Alibaba’s results will highlight consumer spending trends in China and progress in its cloud division restructuring.
Mitsubishi UFJ Financial Group (MUFG)
- Report: Q2 2025 earnings
- Timing: Tokyo Normal Session (TNS)
- Expected EPS: $0.26
- Analysts expect stable results, supported by rising global rates and resilient lending operations.
Quantum Computing Inc. (QUBT)
- Report: Q3 2025 earnings
- Timing: After Market Close (AMC)
- Expected EPS: -$0.05
- The company remains in focus as it moves from R&D to commercial applications in quantum hardware.
Gold Tests the 20 Daily SMA
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.
Booking Profit on Our Long USD/JPY Signal
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 Starts to Rebound Off the $100K Level
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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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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