Quick overview
- Micron Technology, Jabil, and FactSet Research Systems are set to report earnings, with a focus on demand and growth expectations.
- Micron’s earnings report is particularly significant due to its influence on memory-chip demand and data-center spending.
- Investors will closely watch Micron’s guidance for insights into future memory pricing and capacity demand.
- Gold prices experienced volatility, retreating from highs as the U.S. dollar strengthened and geopolitical developments shifted market sentiment.
Micron Technology, Jabil and FactSet Research Systems are among the companies scheduled to report earnings, with investors watching results and guidance for signs of changing demand and growth expectations.
Micron will be one of the most closely watched reports of the week because of its exposure to memory-chip demand and data-center infrastructure spending. Investors will focus on DRAM and NAND pricing, demand from data centers, high-bandwidth memory and the company’s expectations for the next quarter. Micron’s guidance could also influence sentiment across the broader semiconductor sector, particularly if management provides stronger or weaker expectations for memory pricing and capacity demand. With Micron trading around historically elevated levels, investors may pay particular attention to whether earnings growth and forward guidance justify the current valuation.
Earnings Calendar Highlights Today
Tuesday’s earnings calendar places Micron Technology in the spotlight after the market close, while Jabil and FactSet Research Systems provide additional insight into semiconductor manufacturing and financial-data demand. Micron’s guidance could be particularly important for assessing whether current expectations for the memory-chip sector can be sustained.
Micron Technology (MU)
- Event: Q4 2026 earnings announcement
- Timing: After market close (AMC)
- Expected EPS: $31.59
Market focus: Memory pricing, HBM demand, data-center growth and capital expenditure.
- Market reaction: Strong earnings may not automatically translate into share-price gains if expectations are already elevated.
- Guidance: Forward outlook could prove more important than the headline quarterly numbers, particularly for Micron and Nike.
Jabil (JBL)
- Event: Q4 2026 Earnings Announcement
- Timing: Before market open (BMO)
- Estimated EPS: $4.08
- Market focus: Attention will centre on earnings growth, manufacturing demand, margins and management guidance for the next quarter.
FactSet Research Systems (FDS)
- Event: Q4 2026 Earnings Announcement
- Timing: Before market open (BMO)
- Estimated EPS: $4.35
- Market focus: Investors will focus on subscription revenue, client demand, margins and guidance as financial-data spending remains closely watched.
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.
