Quick overview
- Investors are preparing for a busy earnings week with major companies like Palantir, AMD, and SpaceX set to report results.
- The market’s reaction will likely hinge on forward guidance and growth expectations rather than just beating earnings estimates.
- Gold prices experienced volatility, finishing lower after an initial rally, influenced by a stronger U.S. dollar and rising Treasury yields.
- Cryptocurrencies like Bitcoin and Ethereum have shown significant activity, with Bitcoin finding support around $60K and Ethereum nearing $4,800.
Live BTC/USD Chart
BTC/USD
Investors are heading into a busy earnings week, with Palantir Technologies, AMD, SpaceX, Caterpillar, HSBC, MUFG and Oklo among the companies scheduled to report results.
The week brings a broad mix of technology, financial, industrial and energy-related earnings. AMD and Palantir stand out for their potential to influence sentiment across high-growth technology stocks, while SpaceX faces particularly high expectations because of its massive valuation. Meanwhile, Caterpillar, HSBC and MUFG could provide valuable signals on the broader global economy and financial conditions.
With valuations elevated across several of these companies, the market reaction will likely depend less on whether companies simply beat earnings estimates and more on forward guidance, growth expectations and management commentary.
Earnings Calendar Highlight for the Week
Palantir Technologies (PLTR) – Q2 2026 Earnings
- Timing: After Market Close (AMC)
- Estimated EPS: $0.35
- Market Cap: Approximately $295.01 billion
- Palantir will be one of the week’s most closely watched reports as investors assess whether its strong valuation can continue to be supported by earnings growth and demand.
- Traders will focus on revenue growth, profitability, guidance and management’s outlook for the remainder of 2026.
Mitsubishi UFJ Financial Group (MUFG) – Q1 2026 Earnings
- Timing: Tuesday Night Session (TNS)
- Estimated EPS: $0.29
- Market Cap: Approximately $253.17 billion
- Results from Japan’s largest banking group will provide insight into financial-sector conditions and the impact of interest-rate developments on earnings.
- Investors will also watch lending trends, net interest income and the bank’s outlook.
Space Exploration Technologies (SPCX) – Q2 2026 Earnings
- Timing: After Market Close (AMC)
- Estimated EPS: -$0.29
- Market Cap: Approximately $1.43 trillion
- SpaceX will attract considerable attention given its enormous valuation and expectations surrounding its growth trajectory.
- The reported loss will be closely examined against revenue growth, operating performance and future expansion plans.
Advanced Micro Devices (AMD) – Q2 2026 Earnings
- Timing: After Market Close (AMC)
- Estimated EPS: $1.61
- Market Cap: Approximately $776.41 billion
- AMD is arguably one of the most important semiconductor reports of the week.
- Investors will focus heavily on data-center demand, chip sales, margins and forward guidance.
- With AMD trading at a high valuation, even a strong quarter may not be enough if management provides disappointing expectations.
Caterpillar (CAT) – Q2 2026 Earnings
- Timing: Before Market Open (BMO)
- Estimated EPS: $6.20
- Market Cap: Approximately $375.29 billion
- Caterpillar’s results could offer a useful reading on global industrial demand and infrastructure spending.
- Investors will watch equipment sales, margins, order backlogs and management’s outlook for construction and mining activity.
HSBC Holdings (HSBC) – Q2 2026 Earnings
- Timing: Before Market Open (BMO)
- Estimated EPS: $2.33
- Market Cap: Approximately $364.98 billion
- HSBC’s results will provide another important look at global banking conditions.
- Markets will focus on revenue, net interest income, credit quality and the impact of changing interest-rate expectations.
Oklo (OKLO) – Q2 2026 Earnings
- Timing: Before Market Open (BMO)
- Estimated EPS: -$0.16
- Market Cap: Approximately $6.76 billion
- Oklo remains a closely watched smaller-cap name because of investor interest in advanced nuclear energy.
- Given its projected loss, traders are likely to concentrate more on cash position, project development and future commercialization plans than on near-term earnings.
Gold Returns to the $4,000 Level
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.
USD/JPY Dives Below the 100 SMA
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
The 50 Daily SMA Holds as Support for 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 below $70K again.
BTC/USD – Daily Chart
Ethereum Returns Toward $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.
www.fxleaders.com