Forex Signals Nov 12: Cisco, Tencent Music, Circle (CRCL) Earnings Preview

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Cisco Systems, Tencent Music, and Circle Internet Group CRCL are all scheduled to release earnings today that could affect sentiment in international markets, making it a busy day for investors in technology and digital media.

Quiet Session Amid Holiday Lull

It was a low-volume day on Wall Street, as many desks remained lightly staffed due to public holidays in the U.S. and Canada. Several markets were closed, leaving trading activity subdued in the early hours. The tone at the open was negative, dragged lower by semiconductor shares after SoftBank revealed it had exited its entire Nvidia (NVDA) stake in October, sparking renewed profit-taking across the chip sector.

Despite the initial weakness, the broader market found its footing by midday, aided by a rebound in energy and cyclical stocks. That shift helped the S&P 500 turn marginally positive into the close, while the Nasdaq Composite ended fractionally lower, reflecting continued pressure in technology shares. The Dow Jones Industrial Average, buoyed by gains in energy, healthcare, and industrial names, notched a fresh all-time high, highlighting the resilience of blue-chip equities amid a cautious trading backdrop.

FX Market: Dollar Eases After Weak Data

In currency markets, the British pound shrugged off domestic employment data, while the U.S. dollar faced early selling pressure after the latest ADP private payrolls report showed a sharper-than-expected decline in late October hiring. The disappointing print followed similarly soft labor indicators earlier in the week, including the Challenger job cuts data, reinforcing concerns that U.S. employment growth may be losing momentum.

The greenback slipped broadly in early trading as traders pared back expectations for a December rate hike. However, by the afternoon session, some of those losses were retraced, as profit-taking emerged ahead of upcoming CPI and PPI data later this week.

Commodities: Oil Extends Gains on Geopolitical Tensions

Crude oil prices climbed again, marking another day of solid gains as traders responded to tightening supply signals and mounting geopolitical frictions. Reports of fresh disruptions to Russian crude exports and rising tensions between Washington and Caracas added to concerns about global supply constraints.

Key Market Events to Watch Today: Earnings Calendar Overview

Today Cisco Systems, Tencent Music, and Circle Internet Group are all to report earnings that could influence sentiment across global markets.

Cisco Systems, Inc. (NASDAQ: CSCO)

• Event: Q1 2026 Earnings Announcement (After Market Close)
• Consensus EPS Estimate: $0.98 per share
• Focus Points:
• Investors are watching closely for signs of stabilization in enterprise hardware demand amid a slowdown in IT spending.
• Cisco’s transition toward software and recurring revenue streams will be a key narrative, particularly after recent restructuring efforts.
• Margin pressure remains a concern as competition intensifies in cloud and networking segments.
• Analysts will monitor commentary on AI infrastructure demand and visibility into fiscal 2026 guidance.
• Stock performance has lagged peers this quarter, making today’s results a potential catalyst for direction.

Tencent Music Entertainment Group (NYSE: TME)

• Event: Q3 2025 Earnings Announcement (Before Market Open)
• Consensus EPS Estimate: $1.52 per share
• Focus Points:
• The company’s performance will offer insights into China’s digital entertainment and streaming recovery.
• Growth in online music subscriptions and advertising revenues will be critical to sustaining momentum.
• Margins could be pressured by rising content costs and ongoing regulatory scrutiny in China’s tech sector.
• Investors will be keen on updates about AI integration into content personalization and monetization strategies.
• Recent weakness in Chinese equities could amplify volatility in TME shares post-earnings.

Circle Internet Group (NYSE: CRCL)

• Event: Q3 2025 Earnings Announcement (Before Market Open)
• Consensus EPS Estimate: $0.18 per share
• Focus Points:
• As a major player in blockchain and stablecoin services, Circle’s report will be closely watched for signs of growth in its USDC ecosystem.
• Analysts are monitoring transaction volumes and adoption metrics amid a softer crypto market environment.
• Regulatory updates around stablecoin frameworks could impact near-term sentiment.
• Profitability and cost discipline will be under scrutiny as the company invests in compliance and cross-border payment technology.
• The results may also provide a temperature check for investor appetite in the digital asset sector after recent volatility.

Today’s earnings calendar highlights a cross-section of global tech and fintech themes — from traditional networking (Cisco) to digital content (Tencent Music) and blockchain finance (Circle). Each report could set the tone for its respective industry, especially with markets remaining sensitive to growth outlooks, cost management, and AI-driven innovation. Investors will be watching whether these names can reignite confidence in a sector struggling with mixed sentiment and cautious spending trends.

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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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