Forex Signals March 25: PDD, Cintas, Paychex, JBS Earning Preview Headlines

PDD Holdings Inc, Cintas Corporation, Paychex, Inc., and JBS N.V. are among the key companies reporting earnings today, offering insights...

Quick overview

  • Key companies reporting earnings today include PDD Holdings, Cintas, Paychex, and JBS, providing insights into various sectors.
  • Market volatility decreased, but investor sentiment remains cautious due to mixed signals regarding U.S.-Iran negotiations and increased military presence in the Middle East.
  • Technology and private credit sectors faced renewed pressure amid macroeconomic uncertainty and concerns over AI disruption.
  • Upcoming earnings reports are expected to influence market expectations regarding economic momentum and sector resilience.

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PDD Holdings Inc, Cintas Corporation, Paychex, Inc., and JBS N.V. are among the key companies reporting earnings today, offering insights across services, payroll, and global food supply.

Tuesday’s trading session saw reduced volatility compared to earlier in the week, but markets remain driven by three competing narratives shaping sentiment and price action.

Trump Signals Potential De-escalation

Donald Trump continued to emphasize efforts to bring the conflict to an end. He stated that Iranian officials involved in discussions have demonstrated control over the Strait of Hormuz and suggested they have pledged not to pursue nuclear weapons.

However, uncertainty remains high. Reports indicate that Iran has not yet agreed to the negotiations the U.S. is hoping to hold later this week, leaving markets cautious about the likelihood of a diplomatic breakthrough.

Iran Maintains Tone

At the same time, messaging from Iranian leadership channels has remained firm and confrontational. Public statements and online communications suggest limited willingness to engage in peace talks, particularly following recent military actions during prior negotiation attempts.

This contrast between diplomatic signals and public rhetoric has added to market uncertainty, making it difficult for investors to price in a clear outcome.

U.S. Increases Military Presence

Adding to tensions, reports indicate that the United States is increasing its military presence in the Middle East. Additional troops are expected to arrive later this week, coinciding with the expiration of a key deadline related to potential strikes on energy infrastructure.

This development reinforces concerns that the situation could escalate further, even as diplomatic efforts continue in parallel.

Market Reaction Reflects ‘War-On’ Sentiment

Against this backdrop, markets leaned toward a “risk-off” or “war-on” posture during Tuesday’s session, partially reversing the optimism seen previously.

Treasury yields moved higher, reflecting inflation and policy concerns
Oil prices climbed, supported by ongoing supply disruption fears
The U.S. dollar strengthened, benefiting from safe-haven demand

Equities showed relative resilience overall, although weakness was concentrated in specific sectors.

Pressure on Software and Private Credit

Technology—particularly software stocks—came under renewed pressure, alongside private credit markets. These sectors continue to be impacted not only by macro uncertainty but also by growing concerns around artificial intelligence disruption.

Investors are increasingly questioning valuations and long-term growth assumptions, especially as AI developments threaten to reshape traditional business models.

Key Market Events to Watch Wednesday: Earnings Calendar – Key Companies

Today’s earnings lineup provides a cross-section of the economy—from corporate services and payroll trends to global food demand. Results from Cintas and Paychex will offer key signals on business activity and labor market conditions, while JBS will reflect the state of global consumption and commodity pressures. Together, these reports could help shape near-term expectations around economic momentum and sector-specific resilience.

PDD Holdings Inc. (PDD)

Earnings: Q4 2025 (Before Market Open)

  • EPS Estimate: $21.08
  • Market Cap: ~$136.56B

Key themes to watch:

  • Growth in Temu and global expansion
  • Margins amid competitive pressure in e-commerce
  • Consumer demand trends in China and internationally
  • One of the most important reports of the week given its size

Cintas Corporation (CTAS) – Q3 2026 Earnings (BMO)

  • Expected EPS: $1.24
  • Market Cap: ~$71.3B

Focus areas:

  • Demand for uniform rental and facility services amid economic uncertainty
  • Pricing power and margin resilience in a potentially slowing environment
  • Customer retention trends and new business growth

What to watch:

  • Any signs of weakening corporate demand could signal broader slowdown risks
  • Margin performance given inflation and labor costs

Paychex, Inc. (PAYX) – Q3 2026 Earnings (BMO)

  • Expected EPS: $1.67
  • Market Cap: ~$32.5B

Focus areas:

  • Employment trends and small-to-medium business health
  • Growth in HR outsourcing and payroll services
  • Impact of wage inflation and hiring slowdown

What to watch:

  • Client retention and payroll volumes as leading indicators of labor market strength
  • Forward guidance tied to U.S. employment conditions

JBS N.V. (JBS) – Q4 2025 Earnings (TNS)

  • Expected EPS: $2.25
  • Market Cap: ~$17.0B

Focus areas:

  • Global meat demand and pricing trends
  • Input costs, particularly feed and energy
  • Export performance and currency impacts

What to watch:

  • Margin recovery in a volatile commodity environment
  • Updates on global supply chains and demand outlook

Forex Signals Update

Last week, markets were quite volatile again, with gold soaring to $4,550 and then retreating but finding support at $4,300. EUR/USD climbed above 1.15 while main indices closed the day higher at new records. The moves weren’t too big though, and we opened 34 trading signals in total, finishing the week with 23 winning signals and 9 losing ones.

Gold Rebounds Off the 200 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 $4,380 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 20o daily SMA (purple) held as support this week and buyers returned and pushed XAU above the $4,500 and above the 100 SMA (gray).

XAU/USD – Daily Chart

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.Chart USDJPY, D1, 2026.03.09 22:33 UTC, MetaQuotes Ltd., MetaTrader 5, Demo

USD/JPY – Daily Chart

Cryptocurrency Update

Bitcoin Trades Close to 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 $74K.

BTC/USD – Daily Chart

Ethereum Returns 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 $2,000 but buyers returned n d pushed the price above $2K again.

ETH/USD – Weekly Chart

ABOUT THE AUTHOR See More
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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