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Forex Signals June 10: Oracle ORCL Earnings Preview Today
Investors will be keeping a close eye on Oracle Corporation's earnings reports. It is anticipated that updates will offer new perspectives on cloud computing and software demand.
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Last updated: Wednesday, June 10, 2026
Quick overview
- Investors are closely monitoring Oracle Corporation's upcoming earnings report for insights into cloud computing and software demand.
- Market sentiment experienced significant swings, with tech stocks initially rallying before a sharp decline, influenced by geopolitical tensions and AI optimism.
- Oracle's earnings are expected to show a revenue increase of approximately 20% year-over-year, with a focus on cloud expansion and backlog conversion.
- In the forex market, the USD/JPY saw volatility due to U.S. economic data and Japanese monetary policy, while cryptocurrencies like Bitcoin and Ethereum faced significant price fluctuations.
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MARKETS TREND
Investors will be keeping a close eye on Oracle Corporation’s earnings reports. It is anticipated that updates will offer new perspectives on cloud computing and software demand.
Market Whipsaws
It was a difficult session to attribute to any single dominant theme, with sentiment swinging sharply throughout the day. Tech and chip stocks initially rallied but quickly reversed, dragging the Nasdaq down as much as 2% before buyers stepped in near the lows.
Sentiment Swings and News Flow
Late-session support was partly driven by renewed optimism around AI developments following the release of “Claude Mythos” (Fable 5) and reports that a SpaceX IPO could be up to four times oversubscribed. However, geopolitical headlines weighed heavily, including reports that Iran had disabled a US Apache helicopter using drones.
Geopolitical Risk Rising
Markets also reacted to conflicting signals from the White House, with President Trump taking a measured tone while other reports suggested potential escalation and possible strikes. Unverified explosions in Tehran added to uncertainty, even as Iran downplayed intent and signaled reluctance to escalate. Meanwhile, continued Israeli strikes in southern Lebanon kept regional tensions elevated.
Economic data remained steady but was largely ignored as investors await today’s CPI release.
Earnings Calendar Highlights Wednesday
Today’s earnings calendar features Oracle which will provide valuable insight into enterprise technology spending and software demand. With markets also digesting key inflation data and expectations for Federal Reserve policy, these earnings reports could play an important role in shaping investor sentiment across technology, travel, and healthcare sectors during the week.
Oracle Corporation is scheduled to report its Q4 and full-year fiscal 2026 earnings after the market closes on Wednesday, June 10, with analysts projecting revenues of $19.10 billion and earnings per share of $1.96.
Key Expectations
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- Revenue Estimate: $19.09 billion to $19.10 billion, representing an approximate 20% year-over-year increase.
- EPS Estimate: $1.96 per share, reflecting a 15.3% jump year-over-year.
- Guidance: Investors will scrutinize fiscal 2027 forecasts and commentary on managing the explosive growth of their contracted backlog.
Core Metrics to Watch
- Cloud & OCI Expansion: The cloud segment has become the company’s primary growth engine. Analysts project cloud revenue could reach nearly $10 billion, reflecting over a 49% increase year-over-year.
- Backlog Conversion: Remaining Performance Obligations (RPO) are ballooning, driven by major AI infrastructure deals with firms like OpenAI and Meta. Markets will look for how quickly these massive bookings are recognized as realized sales.
- Capital Expenditures: Management’s commentary on data center scaling and AI hardware investments will be crucial, with some analysts forecasting raised capex for continued global infrastructure expansion.
Oracle Corporation (ORCL)
- Scheduled to report Q4 FY2026 earnings after the market closes.
- Wall Street expects earnings per share (EPS) of $1.96.
- Investors will focus on cloud infrastructure growth, database services, enterprise software demand, and capital spending.
- Updates on cloud contracts, customer expansion, and management’s outlook for fiscal 2027 will be closely watched.
- Oracle currently has a market capitalization of approximately $555.3 billion.
Gold Returns Slips Toward $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 Dives Below $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 above $76K but returned below $70K again.
BTC/USD – Daily Chart
Ethereum Returns Under $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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