Quick overview
- Meta Platforms and Tesla are set to report their Q3 2026 earnings after market close, with a focus on growth expectations and investment spending.
- Philip Morris International will provide insights into consumer demand and smoke-free product adoption before the market opens.
- IBM’s earnings report will gauge enterprise technology spending and the performance of its new technology offerings.
- Gold prices experienced volatility, retreating from highs due to a stronger U.S. dollar and rising Treasury yields, while Bitcoin and Ethereum showed signs of recovery.
Meta Platforms (META), Tesla (TSLA), Philip Morris International (PM) and IBM (IBM) headline Wednesday’s earnings calendar, with investors watching technology spending, electric vehicle margins, consumer demand and corporate growth.
Meta and Tesla are likely to attract the most attention after the closing bell, given their valuations and sensitivity to growth expectations, investment spending and profitability. Philip Morris provides insight into consumer demand and smoke-free product adoption, while IBM offers a gauge of enterprise technology spending. Forward guidance and margin trends may matter as much as headline earnings, particularly where elevated expectations leave limited room for disappointment.
Earnings Calendar Highlights Wednesday
– Meta Platforms (META) — After Market Close (AMC)
- – Reporting: Q3 2026 earnings.
- – EPS estimate: $5.54.
- – Market capitalisation: Approximately $1.77 trillion.
- – Key focus: Advertising revenue growth, capital expenditure, and spending on data centers and computing infrastructure. Investors will assess whether revenue growth can justify rising investment costs.
– Tesla (TSLA) — After Market Close (AMC)
- – Reporting: Q3 2026 earnings.
- – EPS estimate: $0.45.
- – Market capitalisation: Approximately $1.47 trillion.
- – Key focus: Vehicle deliveries, automotive margins, pricing pressure, and progress in autonomous driving and energy storage. Guidance on future profitability and investment spending could drive volatility.
– Philip Morris International (PM) — Before Market Open (BMO)
- – Reporting: Q3 2026 earnings.
- – EPS estimate: $2.32.
- – Market capitalisation: Approximately $311.77 billion.
- – Key focus: Smoke-free product growth, pricing power, international demand and full-year earnings guidance. Investors will also monitor the balance between traditional tobacco sales and alternative products.
– IBM (IBM) — After Market Close (AMC)
- – Reporting: Q3 2026 earnings.
- – EPS estimate: $2.87.
- – Market capitalisation: Approximately $228.05 billion.
- – Key focus: Software and consulting growth, hybrid-cloud demand, infrastructure performance and enterprise technology spending. Investors will look for evidence that new technology offerings are translating into sustainable revenue growth.
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.
