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Forex Signals Nov 18: Earnings preview – Home Depot, Baidu, and Klarna Step Into the Spotlight
Several major companies across retail, tech, and fintech report today, with Home Depot, Baidu, and Klarna offering important clues about...
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Last updated: Monday, November 17, 2025
Quick overview
- Major companies like Home Depot, Baidu, and Klarna are reporting earnings today, providing insights into consumer spending and digital market trends.
- Home Depot's results will indicate U.S. retail strength, while Baidu's report will shed light on China's tech and AI landscape.
- Klarna's earnings will offer a crucial perspective on the global fintech sector and consumer credit risk.
- These earnings reports are expected to significantly influence market sentiment and trading strategies.
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MARKETS TREND
Several major companies across retail, tech, and fintech report today, with Home Depot, Baidu, and Klarna offering important clues about consumer strength, global demand, and digital spending trends.
Key Market Events to Watch Tuesday: Earnings Calendar Overview
Today’s earnings lineup spans three major economic pillars: U.S. consumer spending, China’s tech and AI activity, and global fintech adoption. Home Depot’s results will shape expectations for fourth-quarter retail strength, while Baidu’s report provides insight into the health of China’s digital markets and tech competition. Klarna, meanwhile, offers a read on consumer credit risk and evolving fintech trends. Together, these reports could set the tone for market sentiment heading into the next trading session.
Home Depot (HD) – Q3 2025 Earnings – Before Market Open
Sector Impact: A bellwether for U.S. retail and consumer spending trends.
Focus Areas:
- Demand for home improvement products as inflation cools.
- Traffic vs. ticket size — whether consumers are buying fewer items or trading down.
- Inventory conditions heading into the holiday season.
- Any commentary on housing market slowdown affecting big-ticket categories.
Market Sensitivity:
- HD often influences the Dow and consumer discretionary ETFs, making today’s numbers highly market-moving.
- Consensus EPS: 3.66
Baidu (BIDU) – Q3 2025 Earnings – Before Market Open
Sector Impact: Seen as a leading gauge of China’s digital economy and AI development.
Focus Areas:
- Performance of Baidu’s cloud and Apollo autonomous driving programs.
- Online advertising demand amid China’s uneven economic recovery.
- Updates on regulatory pressure that has weighed on Chinese tech valuations.
- Trends in search revenue, especially with competition from short-video platforms.
Market Sensitivity:
- Results could set the tone for Chinese tech stocks across global markets.
- Consensus EPS: 8.37
• Klarna (KLAR) – Q3 2025 Earnings – Before Market Open
Sector Impact: A crucial reading on the global fintech and BNPL (Buy Now, Pay Later) landscape.
Focus Areas:
- Profitability progress as Klarna continues cost-cutting and restructures is lending model.
- Growth in U.S. adoption versus Europe, where BNPL usage is stabilizing.
- Credit loss trends — a key metric for investor confidence in BNPL firms.
- Updates on IPO timing or capital-raising strategies.
Market Sensitivity:
- As one of the most closely watched fintech names, Klarna’s results often influence sentiment in PayPal, Block, Affirm, and other digital lenders.
- Consensus EPS: Not widely available, but investors expect narrower losses or a push toward breakeven.
Gold Pulls Back to $4,000 Again
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 $4,000K.
USD/JPY breaks Above 155
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 Breaks Below 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 the price climbed above $106K but reversed lower and yesterday BTC fell close to $90K, breaking the 50 weekly SMA too.
BTC/USD – Weekly Chart
Ethereum Breaks Below $3,000
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. This Week we saw a dive below $3.500 as ETH heads below $3,000.
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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