Quick overview
- Investors are anticipating earnings results from several tech companies, including Vodafone, CoreWeave, and Cisco, with a focus on infrastructure costs and commercial demand.
- CoreWeave and Nebius will provide updates on cloud infrastructure economics, while D-Wave and Rigetti are under pressure to show commercial progress in quantum computing.
- Firefly Aerospace’s recent AST SpaceMobile agreement adds interest to its earnings outlook, and Cisco will shed light on enterprise networking demand.
- Overall, investors are looking for insights into cash flow, capital expenditure, and forward guidance amidst concerns over expensive infrastructure investments.
Investors prepare for results from Vodafone, CoreWeave, D-Wave, Rigetti, Firefly Aerospace, Cisco and Nebius, with technology spending, infrastructure costs and commercial demand in focus.
CoreWeave and Nebius will provide important updates on the economics of cloud infrastructure expansion, while Cisco offers insight into enterprise networking demand. Meanwhile, D-Wave and Rigetti face growing expectations to demonstrate commercial progress, and Firefly’s latest AST SpaceMobile agreement adds another important dimension to its earnings outlook.
Earnings Calendar This Week
Investors will be looking beyond headline earnings towards cash flow, capital expenditure, financing requirements and forward guidance, particularly as concerns about expensive infrastructure investments continue to influence technology valuations.
Monday – Vodafone
- Vodafone (VOD): H1 2027 earnings, before market open (BMO).
- Investors will focus on revenue growth, subscriber numbers, cash flow and restructuring progress.
Tuesday – CoreWeave and D-Wave
- CoreWeave (CRWV): Q3 2026 earnings, after market close (AMC). Expected EPS: -$1.55.
- Focus on data-centre expansion, customer commitments, capital expenditure, financing costs and profitability.
- D-Wave Quantum (QBTS): Q3 2026 earnings, before market open (BMO). Expected EPS: -$0.10.
- Investors will monitor commercial adoption, bookings and progress in quantum computing.
Wednesday – Rigetti and Firefly Aerospace
- Rigetti Computing (RGTI): Q3 2026 earnings, after market close (AMC). Expected EPS: -$0.05.
- Attention will centre on partnerships, system sales and commercial demand.
- Firefly Aerospace (FLY): Q3 2026 earnings, after market close (AMC). Expected EPS: -$0.49.
- Following its $1.3 billion AST SpaceMobile agreement, investors will assess revenue growth, manufacturing capacity, cash requirements and guidance.
Thursday – Cisco Systems
- Cisco Systems (CSCO): Q1 2027 earnings, after market close (AMC). Expected EPS: $1.32.
- Investors will watch networking demand, infrastructure spending, order growth and forward guidance.
Friday – Nebius Group
- Nebius Group (NBIS): Q3 2026 earnings, before market open (BMO). Expected EPS: -$1.24.
- Focus on data-centre expansion, customer commitments, infrastructure investment and financing requirements.
Conclusion
Cloud infrastructure: CoreWeave and Nebius will provide updates on spending, financing and the profitability of their expanding operations.
- Quantum computing: D-Wave and Rigetti face pressure to demonstrate stronger commercial adoption.
- Space: Firefly’s latest AST SpaceMobile agreement adds interest to its earnings outlook.
- Networking: Cisco will offer insight into enterprise technology demand.
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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