Forex Signals Nov 10: Earnings in Focus with Sony, AngloGold, Vodafone, Oklo Headlining
As stock markets bounce back from recent fluctuations, today’s outcomes from Sony, AngloGold Ashanti, Vodafone, and Oklo will serve as a...
Quick overview
- U.S. stock markets experienced a significant rally, led by the Nasdaq Composite, as optimism grew over a potential resolution to the government shutdown.
- Gold and silver prices surged, reflecting increased safe-haven demand amid shifting inflation expectations and macroeconomic uncertainty.
- Global trade sentiment improved with announcements of potential tariff reductions and progress on international deals, boosting investor confidence.
- Key earnings reports from companies like Sony, AngloGold Ashanti, and Vodafone are anticipated to provide insights into sector performance and market momentum.
Live BTC/USD Chart
As stock markets bounce back from recent fluctuations, today’s outcomes from Sony, AngloGold Ashanti, Vodafone, and Oklo will serve as a vital indicator of sector vitality and investor trust.
Markets Rally as Shutdown Resolution Boosts Confidence
U.S. stocks soared on renewed optimism that lawmakers have the votes needed to end the government shutdown, sparking a broad rally across major indices. The Nasdaq Composite led the way with a 2.27% surge, marking its best session since May 27. The S&P 500 followed with a 1.54% gain, while the Dow Jones Industrial Average climbed 0.81%, reflecting strong momentum across growth sectors.
The move highlighted a renewed appetite for risk as investors welcomed signs of political stability and potential progress on fiscal issues. Tech shares led the advance, helping lift overall sentiment and positioning Wall Street for further gains heading into mid-October.
Precious Metals Shine on Inflation Hopes and Market Euphoria
In commodities, gold rallied to its highest level since October 24, rising $115, or 2.88%, to $4,115.60, marking its largest single-day gain since May 6. Silver also jumped 4.48%, extending its strong run and triggering profit-taking on prior XAG/USD long positions. The strong performance of precious metals reflected renewed safe-haven interest amid shifting inflation expectations and persistent macro uncertainty.
Meanwhile, the U.S. Treasury auctioned $50 billion of three-year notes at a high yield of 5.579%, underscoring steady demand despite elevated borrowing costs.
Trade Developments Add to Optimism
Global trade sentiment improved after President Trump announced that a deal with India was “in the works,” a signal of progress on international economic relations. In addition, Switzerland said it may lower tariffs from 39% to 15%, further lifting investor spirits and boosting hopes for stronger global trade flows.
However, Trump acknowledged lingering concerns over the economic burden of tariffs, estimating that cumulative costs and reimbursements could exceed $2 trillion, a figure he warned could weigh heavily on the U.S. economy ahead of a key Supreme Court ruling.
Federal Reserve Officials Signal Policy Stability
Comments from several Federal Reserve officials reinforced market optimism that monetary policy remains supportive of growth. San Francisco Fed President Mary Daly said interest rate policy is “in a good place,” noting that recent rate cuts have helped sustain labor market strength while keeping inflation pressures in check.
Similarly, Fed Governor Stephen Myron and Fed’s Musalem offered balanced remarks, emphasizing that the central bank remains committed to guiding inflation toward its target without derailing the economic recovery.
Key Market Events to Watch Today: 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.
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.
AngloGold Ashanti plc (AU)
- Event: Q3 2025 Earnings Announcement
- Timing: Before Market Open (BMO)
- Expected EPS: 1.32
- Outlook: Investors are closely watching AngloGold Ashanti’s performance amid fluctuating gold prices and shifting global demand for safe-haven assets. The company’s operational efficiency and cost management in key mining regions will be under scrutiny, especially following a volatile third quarter for precious metals.
Vodafone Group PLC (VOD)
- Event: H1 2026 Earnings Announcement
- Timing: Before Market Open (BMO)
- Outlook: Vodafone’s half-year results will highlight progress on its ongoing restructuring and cost optimization strategy across Europe and Africa. Analysts expect stable service revenue growth supported by improvements in mobile and broadband operations.
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.
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 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 $4,100K breaking above the 20 daily SMA (gray).
Closing 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 154 and we decided to close our buy signal for more than 80 pips.
USD/JPY – Weekly Chart
Cryptocurrency Update
Bitcoin Rebounds off the 50 Weekly SMA
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 over the weekend BTC started to rebound off the $10oK again and yesterday the price climbed above $106K.
BTC/USD – Daily chart
Ethereum Finds Support
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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