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Forex Signals Feb 26: Alibaba, RBC, Intuit, Dell and CoreWeave Earnings Preview Today
Investors are closely watching earnings today from Alibaba Group Holding Limited, Royal Bank of Canada, Intuit Inc., Dell Technologies Inc.
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Last updated: Thursday, February 26, 2026
Quick overview
- Investors are monitoring earnings reports from major companies including Alibaba, Royal Bank of Canada, and Nvidia, which could provide insights into various sectors.
- The U.S. dollar weakened against most currencies, leading to a rise in precious metals like gold and silver, while Bitcoin rebounded significantly.
- The Australian dollar gained strength following better-than-expected inflation data, while the Japanese yen lagged due to dovish policy expectations.
- Nvidia reported strong earnings, exceeding expectations, which may influence market sentiment as investors focus on future guidance and capital discipline.
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MARKETS TREND
Investors are closely watching earnings today from Alibaba Group Holding Limited, Royal Bank of Canada, Intuit Inc., Dell Technologies Inc. and CoreWeave, Inc., spanning e-commerce, banking, software, hardware and AI infrastructure.
U.S. Dollar Broadly Softens
The U.S. dollar declined against nearly all major currencies, with the notable exception of the Japanese yen. The trading session lacked major economic data releases from either the United States or Canada, leaving currency flows largely driven by positioning and global developments rather than fresh macro catalysts.
Precious Metals Advance on Dollar Weakness
With the greenback under pressure, precious metals moved higher. Gold climbed $27.82, or 0.54%, to close at $5,170, finishing near the middle of the session’s trading range.
Silver outperformed, rallying $2.34, or 2.69%, to $89.44. The metal touched an intraday high of $91.29, reflecting stronger momentum compared to gold as investors leaned into alternative assets.
Bitcoin Posts Strong Rebound
Bitcoin also staged a significant recovery, rising $5,371, or 9.33%, to $69,393. The move marked a sharp turnaround following recent volatility, with improving risk appetite contributing to the rebound across digital assets.
Australian Dollar Leads Gains
The largest move against the U.S. dollar came from the Australian dollar, which advanced 0.92%. Overnight inflation data from Australia exceeded expectations, with CPI rising 3.8% year-over-year versus 3.7% forecast, and 0.4% month-over-month compared to 0.3% expected.
Earlier this month, the Reserve Bank of Australia raised its benchmark rate by 25 basis points to 3.85%, reversing part of the easing cycle that had previously lowered rates from 4.35%. The firmer inflation print reinforced expectations that policy could remain tighter for longer.
Yen Lags on Policy Expectations
The Japanese yen underperformed, strengthening just 0.35% versus the dollar. The muted gain was attributed to expectations of continued accommodative policy following Prime Minister Takaichi’s nominations to the Bank of Japan board, which are viewed as leaning dovish.
Nvidia Beats After the Bell
After market close, Nvidia Corporation reported results that exceeded expectations. Earnings per share came in at $1.62, above the $1.54 consensus estimate, while revenue reached $68.1 billion compared to expectations of $66.12 billion. Gross margin was reported at 75%, supported in part by lower inventory provisions.
Key Market Events to Watch Thursday
Today’s earnings lineup spans multiple sectors, offering insight into global consumption trends, banking resilience, AI infrastructure spending and enterprise software demand. With markets increasingly sensitive to margins and forward guidance, investor reaction will likely hinge less on headline EPS beats and more on outlook commentary, capital discipline and demand visibility into 2026.
🇨🇳 Alibaba (BABA) – E-Commerce & Cloud
- Market Cap: ~$353.6B
- Fiscal Period: Q3 FY2026 (December 2025 quarter)
- Expected EPS: $1.73
- Previous EPS: $2.77
Key Focus Areas:
- China consumer demand trends and macro recovery.
- Performance of Alibaba Cloud amid AI competition.
- Margin stability following cost optimization efforts.
- Capital allocation updates (buybacks, restructuring).
🇨🇦 Royal Bank of Canada (RY) – Banking
- Market Cap: ~$244.5B
- Q1 2026 Earnings (BMO)
- Expected EPS: 3.84
Key Focus Areas:
- Net interest margin trends amid shifting rate expectations.
- Loan growth and credit quality metrics.
- Capital markets revenue performance.
- Guidance on Canadian housing exposure and provisions.
💼 Intuit (INTU) – Financial Software
- Market Cap: ~$106.1B
- Q2 2026 Earnings (AMC)
- Expected EPS: 3.68
Key Focus Areas:
- TurboTax and QuickBooks subscription growth.
- AI integration across small business tools.
- Margin leverage from recurring revenue base.
- FY guidance revisions.
🖥 Dell Technologies (DELL) – Infrastructure & AI Servers
- Market Cap: ~$82.8B
- Q4 2026 Earnings (AMC)
- Expected EPS: 3.52
Key Focus Areas:
- AI server demand and enterprise infrastructure spending.
- Order backlog trends and margin profile.
- PC market stabilization signals.
- Capital return strategy.
☁️ CoreWeave (CRWV) – AI Cloud Infrastructure
- Market Cap: ~$51.1B
- Q4 2025 Earnings (AMC)
- Expected EPS: -0.68
- Key Focus Areas:
- Revenue growth pace and backlog expansion.
- Cash burn and capital expenditure outlook.
- GPU deployment milestones.
- Margin trajectory and funding flexibility.
Gold Resumes the March 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. 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, printing a fresh record high at $5,598 before retreating below $5,000. But buyers returned and XAU climbed above $5,000 again.
USD/JPY Returns Back Down
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 156 but have reversed down again this week after the Japanese elections.
USD/JPY – Daily Chart
Cryptocurrency Update
Bitcoin Returns to $70K
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 $60K support where the 200 weekly SMA (purple) stands and rebounded to $70K.
BTC/USD – Weekly Chart
Ethereum Slips Below $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 $2,000 but buyers returned n d pushed the price above $2K again.
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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