Forex Signals Tuesday: AutoZone, Elbit, Coca-Cola Europe, Zscaler, Pony AI Earnings Preview Today

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AutoZone, Elbit Systems, Coca-Cola Europacific Partners, Zscaler, and Pony AI headline a mixed earnings week spanning retail, defense, beverages, cybersecurity, and autonomous driving.

Thin Trading Across Global Markets

With London and U.S. markets closed for the holiday yesterday, overall trading conditions were subdued, leading to lighter activity across equities and bond markets. In the absence of major data flows, investor attention shifted sharply toward geopolitical developments, particularly the ongoing conflict in Iran and efforts to contain the risk of wider regional escalation.

Diplomatic Efforts Show Early but Fragile Progress

Negotiators on both sides acknowledged that significant differences remain, but discussions have reportedly advanced toward a possible preliminary Memorandum of Agreement (MOA) framework. Key elements under consideration include:

• A proposed 60-day ceasefire or operational pause to enable continued talks
• Reopening of the Strait of Hormuz, including mine-clearing and restoring shipping flows
• Limited easing of U.S. restrictions on Iranian ports and selective sanctions waivers
• Temporary approval for partial Iranian oil exports
• Ongoing negotiations over Iran’s enriched uranium stockpile, still the central sticking point
• Potential access to frozen Iranian assets, conditional on nuclear-related concessions
• Broader regional de-escalation discussions, potentially including the Israel–Lebanon front

While momentum appears to be building, Iranian officials stressed that no final agreement is close, underscoring the fragility of the process.

Geopolitical Risk Still Elevated

Despite diplomatic signals, risks remain high. Reports of possible Israeli military action against Hezbollah in Lebanon highlight how quickly tensions could re-escalate, keeping markets cautious about assuming stability.

Market Reaction: Oil Slides, Risk Premium Eases

Crude oil reacted sharply to the prospect of diplomacy, falling $6.30 (-6.52%) to $90.30, after touching an intraday high of $93.90 and a low of $89.41. The next technical focus for traders is the May low near $88.66 if downward momentum continues.

The drop in oil also eased inflation and risk concerns, contributing to a weaker U.S. dollar against major currencies.

Broader Asset Moves: Risk Appetite Improves

Although U.S. cash equities were closed for Memorial Day, S&P 500 e-mini futures still traded higher, gaining 0.98%, reflecting modest improvement in sentiment.

Precious metals benefited from the softer dollar environment, with gold rising $61.89 (+1.37%) to $4,570.82 and silver surging $2.57 (+3.42%) to $78.05. Bitcoin also edged higher, up $550 (+0.71%) to $77,523, suggesting a mild broad-based recovery in risk appetite despite ongoing geopolitical uncertainty.

Earnings Calendar Highlights for the Week

This week’s earnings calendar spans defensive consumer names, global staples, cybersecurity growth stories, defense contractors, and early-stage autonomous driving players. While AutoZone and Coca-Cola Europacific Partners reflect stability in consumption, Zscaler and Pony AI highlight higher-growth technology exposure, and Elbit Systems underscores continued strength in global defense spending trends.

AutoZone (AZO) – Q3 2026 Earnings (Before Market Open)

AutoZone, Inc. is set to report Q3 2026 earnings before market open (BMO), with investors closely watching consumer resilience in the auto parts sector.

• Market cap: ~$56.13B
• Key focus: Same-store sales trends, DIY vs. commercial demand balance, and margin stability
• Broader view: The stock remains sensitive to consumer discretionary spending and vehicle aging trends, which continue to support underlying demand

Elbit Systems (ESLT) – Q1 2026 Earnings (Before Market Open)

Elbit Systems Ltd. will release Q1 2026 results before market open, with attention on defense procurement strength and international contract flows.

• Market cap: ~$35.92B
• Key focus: Order backlog strength, margins on defense systems, and geopolitical-driven demand
• Broader view: Continued global defense spending is expected to remain a key structural tailwind

Coca-Cola Europacific Partners (CCEP) – Earnings Update

Coca-Cola Europacific Partners, with a market capitalization of roughly $42.2B, remains a steady consumer staples name in the earnings lineup.

• Key focus: Volume growth across European and Asia-Pacific markets, pricing power, and input cost pressures
• Broader view: Investors will monitor how inflation dynamics impact margins while demand stability in beverages remains intact

Zscaler (ZS) – Q3 2026 Earnings (After Market Close)

Zscaler, Inc. reports Q3 2026 earnings after market close (AMC), with cybersecurity demand trends under the spotlight.

• Market cap: ~$29.32B
• Key focus: Subscription growth, enterprise cloud security adoption, and margin expansion trajectory
• Broader view: The company’s performance is closely tied to ongoing enterprise digital transformation and cloud migration trends

Pony AI (PONY) – Q1 2026 Earnings (Before Market Open)

Pony AI Inc. is expected to report Q1 2026 earnings before market open, reflecting developments in the autonomous driving space.

• Market cap: ~$3.87B
• Key focus: Progress in robotaxi deployment, regulatory developments, and commercialization path
• Broader view: Investor sentiment remains highly dependent on execution in scaling autonomous mobility solutions

Gold Returns Above $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

USD/JPY – Daily Chart

Cryptocurrency Update

Buying the Retrace in Bitcoin

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

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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