Quick overview
- ASML, Bank of America, Morgan Stanley, and BlackRock are set to report Q3 2026 earnings, focusing on semiconductor demand and financial sector performance.
- Investors will closely monitor guidance and revenue quality, as strong results could bolster market sentiment.
- Gold prices experienced volatility, retreating from highs above $4,300 due to a stronger U.S. dollar and rising Treasury yields.
- Bitcoin and Ethereum showed resilience, with BTC finding support at $80K and ETH rebounding above $2,000 amid renewed institutional interest.
Live BTC/USD Chart
BTC/USD
ASML, Bank of America, Morgan Stanley and BlackRock headline Wednesday’s earnings calendar, with investors watching semiconductor demand, trading revenue, lending trends and asset-management performance.
Earnings Calendar Highlights Wednesday
Tuesday’s earnings reports will provide insight into two key areas of the market: semiconductor equipment demand through ASML and financial-sector performance through Bank of America, Morgan Stanley and BlackRock. Strong results could support sentiment, but guidance, revenue quality and forward-looking expectations may prove more important than headline earnings figures.
– ASML Holding (ASML)
- – Report: Q3 2026 earnings.
- – Timing: Before market open (BMO).
- – Market focus: Semiconductor equipment demand, order growth and customer spending plans.
- – Investors will look for evidence that chip-industry investment can sustain ASML’s growth amid concerns about elevated valuations and capital spending.
– Bank of America (BAC)
- – Report: Q3 2026 earnings.
- – Timing: Before market open (BMO).
- – Market focus: Net interest income, loan growth, credit quality and deposit costs.
- – Investors will assess whether higher interest rates support earnings or increase pressure on borrowers and loan performance.
– Morgan Stanley (MS)
- – Report: Q3 2026 earnings.
- – Timing: Before market open (BMO).
- – Market focus: Investment banking, trading activity and wealth-management revenue.
- – Results should offer insight into dealmaking conditions and whether strong market activity is translating into sustainable earnings growth.
– BlackRock (BLK)
- – Report: Q3 2026 earnings.
- – Timing: Before market open (BMO).
- – Market focus: Assets under management, fund flows, investment performance and fee revenue.
- – Investors will look for signs that market gains and client inflows are supporting growth, while monitoring the effects of market volatility on assets and fees.
Forex Signals Update
Gold Capped by the 20 SMA
Gold prices experienced a volatile trading week, ultimately finishing significantly lower after an initially strong rally lost momentum. The precious metal climbed above $4,300 early in the week but later reversed sharply, ending nearly $100 below its recent highs as investors reassessed the outlook for interest rates and global risk sentiment.
The decline was largely driven by a stronger U.S. dollar, rising Treasury yields, and reduced demand for defensive assets following positive geopolitical developments in the Middle East. Despite the weakness, gold remains above the critical $4,000 support zone, which continues to define the longer-term bullish trend but it is under attack.
MAs Hold as Support for USD/JPY
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 climbed to $164 but reversed after the BOJ meeting and fell 7 cents, breaking below the 100 daily SMA (red) as well, which has been acting as support before.
USD/JPY – Daily Chart
Cryptocurrency Update
Bitcoin Faces the 100 SMA as Resistance
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) which might turn into resistance at 90K now, after the rebound.
BTC/USD – Daily Chart
Ethereum Returns Above $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 and pushed the price above $2K again.
ETH/USD – Weekly Chart
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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