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Forex Signals Feb 2: NFP, Palantir, Disney, AMD, Alphabet, Amazon Earnings Preview Weekly
This week's results from Palantir, Disney, AMD, PepsiCo, Alphabet, Amazon, Shell, and Toyota are anticipated to have an impact on the mood
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Last updated: Monday, February 2, 2026
Quick overview
- A busy earnings week is ahead with major companies like Palantir, Amazon, and Alphabet reporting results that could influence market sentiment.
- Last week saw extreme volatility in commodities, particularly with gold and silver experiencing significant price fluctuations.
- The Dow Jones Industrial Average demonstrated resilience amidst market turbulence, supported by blue-chip stocks and defensive inflows.
- Key macroeconomic indicators, including the US non-farm payrolls report, are expected to shape market expectations for growth and monetary policy.
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MARKETS TREND
This week’s results from Palantir, Disney, AMD, PepsiCo, Alphabet, Amazon, Shell, and Toyota are anticipated to have an impact on the mood of the industry and the overall direction of the market.
Investors head into the new week focused on earnings from Palantir, Amazon, and Alphabet, alongside a pivotal US non-farm payrolls report that could shape expectations for growth, inflation, and monetary policy.
A Week of Extremes Across Asset Classes
Last week delivered extraordinary volatility, most notably in commodities. Precious metals dominated headlines as gold surged above $5,000 for the first time and briefly peaked near $5,998 by Thursday morning, before collapsing below $4,700 by Friday. Silver’s move was even more extreme, plunging nearly 40% in a single session after trading above $120, marking its worst percentage decline on record.
Despite the turmoil in metals and cryptocurrencies, equity markets remained comparatively steady. US stock indices avoided panic selling, with price action pointing to rotation and caution rather than broad-based risk aversion.
Dow Jones Shows Underlying Strength
The Dow Jones Industrial Average stood out for its resilience. Although intraday volatility picked up, the index remained well supported both technically and fundamentally. Stability in blue-chip stocks and defensive inflows helped keep the Dow on track toward the psychologically important 50,000 level.
This relative calm contrasted sharply with the turbulence in commodities, reinforcing the view that equity investors remain selectively engaged rather than actively de-risking. The sharp drop in Microsoft shares during the week served as a reminder that even perceived “safe” large-cap leaders are not immune, contributing to the rise in volatility.
Macro and Political Undercurrents Add Complexity
Some market participants linked recent moves to the nomination of Kevin Warsh, though that explanation remains debatable. The broader takeaway is that markets appear uneasy about the potential for a more hawkish policy stance, despite public signals suggesting otherwise.
At the same time, US inflation data came in hot, oil prices climbed above $66, and geopolitical risks resurfaced amid renewed discussion of possible US action involving Iran. President Trump’s comments about Iran’s willingness to negotiate briefly cooled oil prices, underscoring how sensitive markets remain to headlines.
Key Market Events to Watch: Earnings Reports This Week
Key Market Events to Watch This Week
This week features several major central bank events, including the RBA Cash Rate Statement on Tuesday and both the Bank of England Monetary Policy Report and the ECB Main Refinancing Rate decision on Thursday. However, the spotlight will firmly be on the US Non-Farm Employment Change (NFP) report, which is likely to be the defining macro catalyst for markets.
Earnings Calendar – This Week (Key Names to Watch)
A busy earnings week is ahead as Palantir, Disney, AMD, PepsiCo, Alphabet, Amazon, Shell, and Toyota report results that could set the tone for sector sentiment and broader market direction.
Palantir Technologies (PLTR) – Q4 2025
- Report Timing: After Market Close (AMC)
Focus Areas:
- Government and defense contract momentum
- Commercial customer growth, especially in AI-driven platforms
- Margin expansion and operating leverage
Why It Matters:
- Palantir remains a bellwether for AI monetisation beyond hyperscalers
- Any update on long-term contract visibility or AIP adoption could drive outsized moves
- Implied Move: ~2.3%
The Walt Disney Company (DIS) – Q1 2026
- Report Timing: Before Market Open (BMO)
Focus Areas:
- Streaming profitability and subscriber trends
- Parks and experiences segment performance
- Cost controls and balance sheet discipline
Why It Matters:
- Investors are watching for confirmation that Disney’s restructuring is translating into earnings stability
- Implied Move: ~1.6%
Advanced Micro Devices (AMD) – Q4 2025
- Report Timing: After Market Close (AMC)
- Focus Areas:
- Data center and AI accelerator demand
- Competitive positioning versus Nvidia and Intel
- Forward guidance on enterprise and cloud spending
Why It Matters:
- AMD is a key proxy for AI infrastructure demand outside mega-cap tech
- Implied Move: ~1.3%
PepsiCo (PEP) – Q4 2025
- Report Timing: Before Market Open (BMO)
Focus Areas:
- Pricing power versus volume growth
- Input cost trends and margin resilience
- International demand, especially in emerging markets
Why It Matters:
- PepsiCo offers insight into global consumer health and inflation pass-through
- Implied Move: ~2.2%
Alphabet (GOOGL) – Q4 2025
- Report Timing: After Market Close (AMC)
Focus Areas:
- Advertising revenue trends
- Cloud growth and profitability
- AI investment spend and monetisation strategy
Why It Matters:
- Alphabet’s results often shape sentiment across both tech and digital advertising sectors
- Implied Move: ~2.6%
Amazon (AMZN) – Q4 2025
- Report Timing: After Market Close (AMC)
Focus Areas:
- AWS growth and margin trends
- Retail profitability and logistics efficiency
- Capital expenditure guidance for 2026
Why It Matters:
- Amazon’s cloud and consumer businesses provide a broad read on enterprise and household demand
- Implied Move: ~2.0%
Shell plc (SHEL) – Q4 2025
- Report Timing: Before Market Open (BMO)
Focus Areas:
- Upstream earnings sensitivity to oil and gas prices
- Capital returns via dividends and buybacks
- Energy transition investments and cost discipline
Why It Matters:
- Shell’s guidance influences sentiment across the global energy sector
- Implied Move: ~1.3%
Toyota Motor Corporation (TM) – Q3 2026
- Report Timing: Before Market Open (BMO)
Focus Areas:
- Global vehicle demand trends
- Hybrid and EV strategy execution
- Currency impacts and supply chain stability
Why It Matters:
- Toyota’s results are a key barometer for global auto demand and manufacturing health
- Implied Move: ~3.2%
This week’s earnings slate spans AI and big tech, consumer staples, entertainment, energy, and global autos, making it one of the more influential reporting periods in the near term. Results from Alphabet, Amazon, and AMD will be especially important for technology and AI sentiment, while Disney and PepsiCo offer insight into consumer resilience. Meanwhile, Palantir’s update could shape views on enterprise AI adoption, and Shell and Toyota provide a read on global growth and industrial demand.
With volatility already elevated, guidance and forward commentary may matter more than headline numbers—setting the tone for markets as they move deeper into the quarter.
Gold Falls Below $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 the $5,000 mark for the first time during Asian hours and extended the rally in New York, printing a fresh record high near $5,111 before retreating below $5,000 late in the session. But buyers returned into Asian session and XAU climbed to $5,598 but pulled back below $5,000 and rebounded back up in the most volatile day ever.
USD/JPY Rebounds 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 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. The price approached $160 but reversed after the BOJ meeting and fell 8 cents but found support at $152 at the 100 daily SMA (red) and rebounded above 155.
USD/JPY – Daily Chart
Cryptocurrency Update
Bitcoin Fall Stalls at 2025 Low
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 BTC returned lower and fell below $80K, breaking below the but the 100 weekly SMA (green) but the decline stopped at the support and resistance zone above $65K.
BTC/USD – Weekly Chart
Ethereum Heads to $2,000
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 $2,500.
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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