Quick overview
- Wednesday’s earnings calendar features major companies like Arm, McDonald’s, and Qualcomm, with a focus on semiconductor demand and consumer spending.
- Investors are particularly interested in forward guidance from these companies, as it may indicate sustainable growth and earnings potential.
- Novo Nordisk’s update on the weight-loss drug market and AppLovin’s performance in digital advertising will also be closely monitored.
- Market volatility was evident last week, with gold prices retreating and significant movements in forex and cryptocurrency markets.
Arm, McDonald’s, Novo Nordisk, Qualcomm, Uber and AppLovin headline Wednesday’s earnings calendar, with investors looking for updates on semiconductor demand, consumer spending, healthcare growth and digital advertising.
Wednesday’s earnings calendar offers a broad look at several important areas of the market, from semiconductor demand through ARM and Qualcomm to consumer spending through McDonald’s and Uber. Novo Nordisk will provide an update on the competitive weight-loss drug market, while AppLovin remains an important test of growth expectations in digital advertising.
Earnings Calendar Highlights Wednesday
Forward guidance could matter more than headline EPS results, particularly for high-valuation technology stocks, where investors are increasingly demanding evidence that strong growth can translate into sustainable earnings and cash flow.
– Arm Holdings (NASDAQ: ARM) – Q2 FY2027 | After Market Close
- – Expected EPS: $0.48.
- – Investors will focus on demand for Arm’s chip architectures, royalty revenue growth and licensing activity.
- – Guidance will be particularly important as semiconductor valuations remain sensitive to expectations surrounding data-centre investment and future chip demand.
– McDonald’s (NYSE: MCD) – Q3 2026 | Before Market Open
- – Expected EPS: $3.38.
- – Investors will assess comparable-store sales, customer traffic and the impact of value-oriented promotions.
- – Updates on consumer spending and operating margins will help determine whether the fast-food giant can maintain earnings growth amid pressure on household budgets.
– Novo Nordisk (NYSE: NVO) – Q3 2026 | Before Market Open
- – Expected EPS: $4.62.
- – Attention will remain on GLP-1 drug sales, particularly Ozempic and Wegovy, alongside competition in the weight-loss market.
- – Investors will also look for updates on pricing pressure, production capacity and future growth expectations.
– Qualcomm (NASDAQ: QCOM) – Q4 FY2026 | After Market Close
- – Expected EPS: $2.16.
- – Smartphone chip demand, handset recovery and diversification into automotive and IoT markets will be key areas of interest.
- – Guidance will provide further insight into whether Qualcomm can offset weakness in traditional smartphone markets through new growth opportunities.
– Uber Technologies (NYSE: UBER) – Q3 2026 | Before Market Open
- – Expected EPS: $0.90.
- – Investors will monitor mobility bookings, delivery growth, gross bookings and operating margins.
- – Updates on profitability, consumer demand and autonomous-driving developments could influence sentiment toward the stock.
– AppLovin (NASDAQ: APP) – Q3 2026 | After Market Close
- – Expected EPS: $4.03.
- – Advertising revenue growth, software platform performance and customer demand will be closely watched.
- – Investors will assess whether strong monetisation can continue while elevated expectations leave the stock vulnerable to disappointing guidance.
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.
www.fxleaders.com