XAU/USD – Daily Chart
Forex Signals Jan 22: P&G, GE Aerospace, Capital One and Intel INTC Q4 Earnings Preview
Earnings in Focus: Procter & Gamble, GE Aerospace, Intel, and Capital One Report Q4 2025 Earnings Figures Today.
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Last updated: Thursday, January 22, 2026
Quick overview
- Procter & Gamble, GE Aerospace, Intel, and Capital One are set to report their Q4 2025 earnings today, providing insights into various sectors of the economy.
- U.S. President Trump's speech at the World Economic Forum in Davos positively influenced market sentiment, alleviating concerns over tariffs and geopolitical risks.
- Equities rallied significantly, with major indices like the Dow Jones, S&P 500, and Nasdaq all rising over 1% following Trump's comments.
- Gold and silver prices retreated as traditional safe havens lost appeal, while U.S. Treasuries gained traction amid reduced anxiety.
Earnings in Focus: Procter & Gamble, GE Aerospace, Intel, and Capital One Report Q4 2025 Earnings Figures Today.
Markets Fixated on Trump’s Davos Speech
The trading session was dominated by anticipation around U.S. President Donald Trump’s address at the World Economic Forum in Davos. Investors were braced for potential escalation around Greenland and the risk of fresh tariffs, which had weighed on markets a day earlier. Instead, Trump avoided tariff threats and struck a notably market-friendly tone.
He referenced the prior day’s sell-off but argued equities would rebound and eventually “double sooner than anyone believes.” The remark served as a reminder of Trump’s close focus on the Dow Jones Industrial Average, easing near-term anxiety and encouraging buyers back into risk assets.
Equities Rally on Tariff Reprieve
Initial optimism faded briefly as a meeting between Trump and NATO’s secretary-general began, but sentiment turned decisively positive after Trump outlined what he called a “concept of a plan” regarding Greenland and explicitly said tariffs were not part of it. U.S. equities surged, with the Dow Jones, S&P 500, and Nasdaq all rising more than 1% on the day.
Bonds Catch a Bid, Metals Pull Back
As stocks rallied, traditional safe havens moved the other way. Gold and silver retreated following Trump’s comments, while U.S. Treasuries caught a strong bid. The 10-year yield fell 4.6 basis points to around 4.24%, reflecting both reduced geopolitical anxiety and speculation that Fed Governor Lisa Cook is likely to retain her position after signs of Supreme Court skepticism toward the related legal challenge.
Oil Eases on Iran Comments
Late in the session, Trump added another supportive note for risk markets, telling CNBC that he hoped no further action would be taken on Iran. The remarks helped ease geopolitical risk premia and weighed modestly on oil prices into the close
Key Market Events to Watch Today: Earnings Calendar – Thursday
Today’s earnings lineup spans key sectors of the economy, offering insight into consumer resilience, industrial demand, semiconductor competitiveness, and financial health. Together, these reports could set the tone for market direction as investors assess growth, margins, and guidance across diverse industries.
Intel (INTC)
- Event: Q4 FY2025 Earnings Report
- Timing: After Market Close (AMC)
- Street EPS Estimate: $0.08
What to Watch:
- Progress in foundry strategy and cost controls
- Data center and PC demand trends
- Competitive positioning versus AMD and Nvidia
Extended Earnings Preview
- PROFIT: The chipmaker is expected to post a loss of $271.5 million, or 13 cents a share, according to analysts polled by FactSet. That’s compared with a loss of $126 million, or 3 cents a share, in the same quarter a year earlier.
- ADJUSTED EARNINGS: Analysts expect adjusted earnings of 8 cents a share, according to FactSet.
- SALES: Quarterly revenue is projected to decline to $13.44 billion from $14.26 billion a year earlier.
Product Roadmap and Technology Progress
Intel’s earnings report follows the recent unveiling of Panther Lake, its latest generation of laptop processors, at CES earlier this month. Built on the company’s advanced 18A manufacturing process, Panther Lake is expected to deliver roughly 60% higher performance than the prior generation. JPMorgan analysts see this as evidence that Intel is executing well on its roadmap, highlighting the company’s ability to leverage its scale and ecosystem to enable AI processing across a wide range of edge and client devices.
Core PC Demand in Focus
Analysts will also be watching closely for commentary on demand trends in Intel’s core PC processor business, which showed growth in the last reported quarter in October. However, concerns remain about the near-term outlook. Wedbush analysts caution that rising memory costs could push PC prices higher, potentially weighing on unit volumes. As a result, they continue to view Intel’s Client Computing Group, which accounts for roughly 60% of total revenue, as exposed to near-term demand headwinds.
Foundry Business and Customer Momentum
Another key area of focus will be Intel’s foundry operations, where UBS analysts see signs of gradual improvement. They believe several potential customers may already be engaging around 14A technology, citing interest from players such as Nvidia and possibly Google, Broadcom, and Apple. According to UBS, momentum around Intel’s 14A process could begin to build this quarter and strengthen further toward the end of the year.
Procter & Gamble (PG)
- Event: Q2 FY2026 Earnings Report
- Timing: Before Market Open (BMO)
- Street EPS Estimate: $1.86
What to Watch:
- Consumer demand trends amid persistent inflation pressures
- Pricing power versus volume growth across core brands
- Commentary on input costs and margin sustainability
GE Aerospace (GE)
- Event: Q4 FY2025 Earnings Report
- Timing: Before Market Open (BMO)
- Street EPS Estimate: $1.43
What to Watch:
- Aircraft engine deliveries and service revenue momentum
- Defense and commercial aviation demand outlook
- Free cash flow generation and order backlog updates
Capital One Financial (COF)
- Event: Q4 FY2025 Earnings Report
- Timing: After Market Close (AMC)
- Street EPS Estimate: $4.14
What to Watch:
- Credit quality and delinquency trends
- Net interest margin performance
- Updates on loan growth and consumer spending behavior
Gold Retreats Before the Next Assault on $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. In December, 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 $4,800K on Tuesday but we saw a pullback yesterday after US President Trump’s comments.
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 Returns to the 100 SMA Which Holds Again
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 to $80K before finding support at the 100 weekly SMA (green). A rebound followed, sending BTC near $100 is the first major text for Bitcoin buyers. However yesterday BTC returned below $90K but the 100 weekly SMA (green) continued to hold as support.
BTC/USD – Weekly Chart
Ethereum Returns 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. 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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