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Forex Signals May 6: DoorDash, Arm, AppLovin, Disney, Novo Nordisk, Uber Earnings Preview
In the IT, consumer, and healthcare industries, DoorDash, Inc., Arm Holdings plc, and The Walt Disney Company are at the top of a packed Thursday results session.
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Last updated: Wednesday, May 6, 2026
Quick overview
- DoorDash, Arm Holdings, and Disney are among the key companies reporting earnings on Thursday, reflecting trends in tech, consumer, and healthcare sectors.
- U.S. trade data showed a widening trade deficit, while Canada reported a surprising trade surplus, indicating mixed economic signals.
- The ISM non-manufacturing index suggests continued expansion in the services sector, but demand is weakening with fewer industries showing growth.
- Despite mixed economic indicators, major U.S. indices closed at record highs, reflecting a risk-on sentiment among investors.
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In the IT, consumer, and healthcare industries, DoorDash, Inc., Arm Holdings plc, and The Walt Disney Company are at the top of a packed Thursday results session.
Trade Data Shows Mixed Picture
Economic releases today were led by trade data from the U.S. and Canada. The U.S. trade deficit widened to -$60.1 billion from -$57.3 billion, though it came in slightly better than the -$60.9 billion forecast.
The widening gap was driven by a larger goods deficit of -$88.7 billion, while the services surplus improved to $28.4 billion. Exports rose to $320.9 billion, but imports increased faster to $381.2 billion, leading to the overall deterioration.
In contrast, Canada reported a $1.8 billion trade surplus, beating expectations of a -$2.88 billion deficit.
Services Sector Expands, but Demand Weakens
ISM non-manufacturing came in at 53.6, close to expectations, signaling continued expansion. However, underlying details showed weakening demand.
Growth was less broad, with only four industries expanding compared to thirteen previously, while new orders dropped sharply. At the same time, supply constraints persisted, with slower deliveries and elevated backlogs.
Inflation Pressures Remain Elevated
Price pressures stayed firm, with the ISM Prices Index holding above 70. Rising costs across commodities such as metals and energy suggest inflation remains persistent, with energy costs not yet fully reflected.
Labor and Housing Stay Resilient
JOLTs job openings remained stable, indicating a resilient labor market. New home sales exceeded expectations, although prices declined slightly.
Markets Reflect Risk-On Sentiment
The U.S. dollar was mostly weaker, while equities continued to rally. Major indices, including the S&P 500, Nasdaq, and Russell 2000, closed at record highs, highlighting sustained investor optimism despite mixed economic signals.
Earnings Calendar Highlights Thursday
Thursday’s earnings lineup spans multiple high-impact sectors, offering a broad snapshot of the global economy. Technology names like Arm and AppLovin will provide insight into AI and digital advertising trends, while DoorDash and Uber will reflect consumer demand and spending behavior. Disney’s results will be key for streaming and media sentiment, and Novo Nordisk remains central to healthcare growth themes.
DoorDash, Inc. – Q1 2026 Earnings (AMC)
- Expected EPS: 0.37
- Market Cap: $72.39B
- Recent Move: +4.34%
📊 Key Focus Areas
- Order Growth & Volume Trends:
- Total orders and marketplace GOV (gross order value) remain key indicators of demand strength
- Investors will watch for continued expansion beyond core food delivery
Arm Holdings plc – Q4 2026 Earnings (AMC)
- Expected EPS: 0.58
- Market Cap: $224.16B
- Investors will look for updates on licensing growth and exposure to AI-related chip demand.
AppLovin Corporation – Q1 2026 Earnings (AMC)
- Expected EPS: 3.45
- Market Cap: $154.68B
- Advertising trends, mobile gaming demand, and margin performance remain key themes.
Consumer and Retail Earnings
The Walt Disney Company – Q2 2026 Earnings (BMO)
- Expected EPS: 1.50
- Market Cap: $182.61B
- Streaming profitability, theme park performance, and advertising revenue will be closely watched.
Uber Technologies, Inc. – Q1 2026 Earnings (BMO)
- Expected EPS: 0.71
- Market Cap: $153.01B
- Ride-sharing demand, delivery growth, and profitability metrics are expected to drive market reaction.
Novo Nordisk A/S – Q1 2026 Earnings (BMO)
- Expected EPS: 6.96
- Market Cap: $194.57B
- Demand for obesity and diabetes treatments continues to be the major growth driver.
Overall, with expectations elevated across sectors, market reactions are likely to be sharp—especially where growth, margins, or forward guidance show signs of slowing.
Gold Returns to $4,500
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 (red) held as support this week and buyers returned and pushed XAU above the $4,800 and above the 100 SMA (green).
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 Above $80K
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 above $76K but returned to $70K again.
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
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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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