XAU/USD – Daily Chart
Forex Signals Jan 14: Wells Fargo, Citigroup and Bitmine Immersion BMNR Earnings Preview
Today’s earnings calendar, with Bank of America, Wells Fargo, and Citigroup set to report alongside crypto-mining firm Bitmine Immersion...
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Last updated: Tuesday, January 13, 2026
Quick overview
- Today's earnings calendar features reports from Bank of America, Wells Fargo, Citigroup, and Bitmine Immersion Technologies.
- Geopolitical tensions have increased as President Trump signals a tougher stance on Iran, causing market anxiety.
- U.S. equity markets closed lower, with losses concentrated in cyclicals and rate-sensitive stocks amid mixed inflation data.
- Precious metals, particularly silver, rallied on softer inflation readings, while speculation around Nvidia's export policy to China emerged.
Today’s earnings calendar, with Bank of America, Wells Fargo, and Citigroup set to report alongside crypto-mining firm Bitmine Immersion Technologies headline.
Geopolitical Tensions Flare as Trump Signals Harder Line on Iran
Market anxiety resurfaced after U.S. President Donald Trump posted on Truth Social that he had canceled all meetings with Iranian officials. In the same message, Trump encouraged protestors to “keep going,” adding that help is on the way—language that some investors interpreted as a potential signal of escalating U.S. involvement, including possible military action. The remarks added another layer of geopolitical uncertainty to already fragile market sentiment.
Trump’s Remarks Keep Markets on Edge
President Trump’s public comments continue to command close market attention, particularly given the number of unresolved policy issues currently in play. Speaking publicly, Trump criticized the Federal Reserve, stating that the U.S. has “a bad Fed Chair” and confirming that he plans to name a new Federal Reserve Chair within the next few weeks. The comments reinforced uncertainty around the future path of U.S. monetary policy and central bank independence.
U.S. Equity Markets Close Lower
U.S. equities finished the session in the red, reflecting a cautious tone across risk assets.
- Dow Jones Industrial Average closed at 49,191.99, down 398.21 points (-0.80%)
- Nasdaq Composite ended at 23,709.87, slipping 0.10%
Losses were concentrated in cyclicals and rate-sensitive stocks, while broader market participation remained muted.
Inflation Data Comes in Mixed but Softer at the Core
December U.S. inflation data delivered mixed signals, offering some relief on underlying price pressures.
- CPI Year-over-Year: +2.7% (in line with expectations)
- Core CPI Year-over-Year: +2.6% (below the +2.7% forecast)
- Core CPI Month-over-Month: +0.2% (below the +0.3% expected)
The softer core readings reinforced expectations that inflation pressures are gradually easing, even as headline inflation remains sticky.
Precious Metals Rally on Softer Inflation
Silver extended its rally, climbing to fresh record highs as the softer U.S. core inflation data weighed on the U.S. dollar and boosted demand for inflation hedges. The move reflects growing investor interest in hard assets amid uncertainty over monetary policy and geopolitical risks.
Nvidia Export Policy Speculation Surfaces
Adding to the day’s developments, market chatter emerged around the possibility that the U.S. could ease regulations on Nvidia’s H200 chip exports to China. While no official policy announcement has been made, the comments fueled speculation across the semiconductor space, highlighting how sensitive tech stocks remain to shifts in U.S.–China trade policy.
A Stark Economic Divide Emerges
On a more sobering note, comments from Delta Airlines underscored a growing imbalance within the U.S. economy. The airline noted that nearly all recent spending growth is coming from wealthier consumers, pointing to a widening gap between high-income households and the rest of the population. This divergence raises longer-term concerns about the sustainability of consumer-driven growth as broader economic conditions tighten.
Key Market Events to Watch Today: Bank of America, Wells Fargo, Citigroup and Bitmine in Focus
Today’s earnings releases from Bank of America, Wells Fargo, and Citigroup will serve as an early barometer for the health of the U.S. financial system heading into 2026. With interest rate uncertainty, evolving credit conditions, and regulatory pressures in focus, investor reaction is likely to hinge less on headline EPS beats and more on outlook and commentary. Meanwhile, Bitmine’s results will offer a snapshot of how crypto-related firms are navigating a volatile digital asset landscape.
Earnings Calendar – Today (Before Market Open)
Bank of America Corporation (BAC)
- Event: Q4 2025 Earnings Announcement
- Timing: Before Market Open (BMO)
- EPS Expected: $0.96
Key Focus Areas:
- Net interest income trends amid shifting rate expectations
- Credit quality and loan growth, particularly in consumer and commercial segments
- Investment banking and trading revenue performance
- Market Sensitivity: High, given BAC’s broad exposure to U.S. consumers and capital markets
Wells Fargo & Company (WFC)
- Event: Q4 2025 Earnings Announcement
- Timing: Before Market Open (BMO)
- EPS Expected: $1.67
Key Focus Areas:
- Progress on expense control and operational efficiency
- Net interest margins and deposit trends
- Updates on regulatory constraints and asset cap developments
- Market Sensitivity: Elevated, as investors assess turnaround momentum
Citigroup Inc. (C)
- Event: Q4 2025 Earnings Announcement
- Timing: Before Market Open (BMO)
- EPS Expected: $1.62
Key Focus Areas:
- Performance of institutional and international banking operations
- Capital return outlook and restructuring progress
- Exposure to emerging markets and FX volatility
- Market Sensitivity: Moderate to high, especially on guidance and capital strategy
Bitmine Immersion Technologies, Inc. (BMNR)
- Event: Q1 2026 Earnings Announcement
- Timing: Before Market Open (BMO)
- EPS: Not specified
Key Focus Areas:
- Bitcoin mining efficiency and energy costs
- Hash rate growth and infrastructure expansion
- Sensitivity to cryptocurrency price movements
- Market Sensitivity: High volatility expected due to crypto-linked exposure
Gold Pushes Toward $5,000
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 and buyers returned and pushed XAU above $4,500K.
USD/JPY Nears 160
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 as the pair found support at the 20 daily SMA (gray) and has rebounded more than 200 pips off that MA but reversed after the 25 bps rate cut from the FED.
USD/JPY – Daily Chart
Cryptocurrency Update
Bitcoin Climbs Above $95K
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 and recovering above $115,000 but then fell toward $100K again. However BTC remains supported by the 100 weekly SMA (green) and only a break below that would risk further losses.
BTC/USD – Weekly Chart
Ethereum Faces the 100 Weekly SMA
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. Last week we saw a dive below $2.700 but the 200 weekly SMA held as support and we’re seeing a rebound but buyers face the 100 SMA (green) now.
ETH/USD – Weekly 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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