XAU/USD – Daily Chart
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Forex Signals March 4: Broadcom AVGO, Veeva, OKTA, RGTI, Firefly, American Eagle Earnings Preview
Broadcom Inc., Veeva Systems Inc., Okta Inc., and several mid-cap growth names lead Wednesday’s after-hours earnings lineup, offering insigh
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Last updated: Wednesday, March 4, 2026
Quick overview
- Broadcom, Veeva Systems, and Okta are among the companies reporting earnings, reflecting trends in semiconductors, cybersecurity, and life sciences.
- Geopolitical tensions have led to market volatility, with U.S. equities closing lower and oil prices spiking due to fears of supply disruptions.
- Federal Reserve officials are maintaining a cautious stance on monetary policy amid rising energy prices and geopolitical shocks.
- Cryptocurrencies like Bitcoin and Ethereum have experienced significant fluctuations, with Bitcoin testing the $70K level and Ethereum dipping below $2,000.
Live BTC/USD Chart
BTC/USD
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MARKETS TREND
Broadcom Inc., Veeva Systems Inc., Okta Inc., and several mid-cap growth names lead Wednesday’s after-hours earnings lineup, offering insight into semiconductors, cybersecurity, quantum computing, aerospace, retail, and live events.
Markets Reel From Geopolitical Tensions
Financial markets were gripped by volatility as conflict involving Israel, Iran, and the United States intensified. Reports of Iranian strikes and the temporary closure of the Strait of Hormuz triggered a surge in energy prices and a broad risk-off reaction across asset classes.
U.S. equities closed decisively lower, though well off their worst intraday levels. The Dow Jones fell 0.83%, the S&P 500 dropped 0.94%, and the Nasdaq declined 1.02%. Small-cap stocks led the selloff, with the Russell 2000 sliding 1.79%, reflecting heightened sensitivity to economic uncertainty.
Commodities and Crypto React Sharply
Oil prices spiked nearly 5.5% to $75.08 per barrel amid supply disruption fears tied to the Strait of Hormuz. However, crude pulled back from session highs after President Trump announced that the U.S. would provide political risk insurance for maritime trade and deploy naval escorts for tankers.
Gold experienced a sharp liquidation, plunging 4.45% to $5,095 per ounce after briefly falling below $5,000. Silver suffered even steeper losses, dropping more than 8%. Bitcoin also tracked broader risk aversion, falling 1.21% to $68,000.
Fed Officials Strike a Cautious Tone
Amid the turbulence, Federal Reserve officials emphasized policy stability. Minneapolis Fed President Neel Kashkari warned that persistent energy price spikes could affect monetary policy but said current settings remain appropriate.
New York Fed President John Williams highlighted stable long-term inflation expectations and reiterated that any rate cuts would depend on continued disinflation, signaling patience despite geopolitical shocks.
Key Market Events to Watch Today
Wednesday’s earnings slate spans trillion-dollar AI semiconductor exposure to speculative quantum and aerospace plays, offering a broad read on corporate spending, consumer resilience, and tech investment trends. With markets sensitive to growth expectations and guidance revisions, forward outlooks may prove more market-moving than headline EPS beats.
📊 Mega-Cap & Large-Cap Highlights (After Market Close)
Broadcom Inc. (AVGO)
- Q1 2026 earnings (AMC)
- EPS estimate: $2.02
- Market cap: ~$1.49T
- Key focus: AI semiconductor demand, VMware integration progress, margins.
Veeva Systems Inc. (VEEV)
- Q4 2026 earnings (AMC)
- EPS estimate: $1.94
- Market cap: ~$30.56B
- Focus areas: Life sciences cloud growth, subscription revenue trends, guidance.
Okta Inc. (OKTA)
- Q4 2026 earnings (AMC)
- EPS estimate: $0.85
- Market cap: ~$12.85B
- Watch: Enterprise demand, customer growth, profitability momentum.
Rigetti Computing Inc. (RGTI)
- Q4 2025 earnings (AMC)
- EPS estimate: – $0.03
- Market cap: ~$5.6B
- Focus: Quantum roadmap execution, partnerships, funding outlook.
Firefly Aerospace Inc. (FLY)
- Q4 2025 earnings (AMC)
- EPS estimate: – $0.44
- Market cap: ~$3.32B
- Watch: Launch cadence, defense contracts, backlog growth.
American Eagle Outfitters Inc. (AEO)
- Q4 2025 earnings (AMC)
- EPS estimate: $0.50
- Market cap: ~$3.77B
- Focus: Consumer demand trends, inventory management, margin pressures.
StubHub Holdings Inc. (STUB)
- Q4 2025 earnings (AMC)
- EPS estimate: – $0.01
- Market cap: ~$3.74B
- Watch: Live event demand, ticket pricing trends, profitability path.
Gold Finds Support at the 20 SMA
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 Rebounds
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 Test the $70K Level
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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