Crypto Markets Brace for Impact as Coinbase and Shopify Earnings Cap Off Turbulent Season

As earnings season draws to a close, all eyes turn to Coinbase’s report - a bellwether for crypto’s institutional adoption. Meanwhile, Shopify’s payment volume may reveal whether merchants are finally embracing digital assets.

The real question? Whether these reports will inject life into stagnant markets or confirm what we all suspect - that traditional finance still hasn’t figured out how to properly value blockchain-native businesses.

Today’s Market Outlook, Key Earnings to Watch: Shopify and Coinbase Earnings Close the Season

Canadian Labor Data in Focus

The Canadian labor market took center stage in foreign exchange markets today. Recent signs of strain have emerged since the implementation of U.S. tariffs in March. Employment has dropped for a second consecutive month, and the participation rate continues to fall, pushing the unemployment rate up to 6.7%.

The key data point on today’s calendar is Canada’s Employment Report. Economists expect a rebound in jobs with a forecasted change of 24,500, compared to last month’s loss of 32,600 positions. Any surprise in this figure could drive volatility in the Canadian dollar.

• Peloton (PTON):
  Investors will be watching for signs of continued progress in Peloton’s turnaround strategy. Expect updates on restructuring efforts, particularly how the shift in subscription pricing and services is affecting user engagement and churn. Margins and connected fitness product outlook will be key.
• Shopify (SHOP):
  The focus is on whether Shopify can maintain momentum after several quarters of post-pandemic normalization. Analysts will assess growth in merchant solutions, payment volume, and how international expansion is faring amid a slowing global e-commerce trend.
• ConocoPhillips (COP):
  With oil prices fluctuating, ConocoPhillips’ results will offer insight into energy sector resilience. Look for commentary on production levels, capex plans, and how the company is positioning itself in the face of global demand shifts and geopolitical tensions.

• Trade Desk (TTD):
  Seen as a barometer for the digital advertising market, Trade Desk’s earnings will highlight trends in programmatic ad spending, especially across connected TV. Investors will gauge how ad budgets are being adjusted amid cautious corporate spending.
• Coinbase (COIN):
  As always, closely tied to crypto market volatility and trading volume. With Bitcoin and Ethereum price swings prominent in recent weeks, analysts will focus on revenue from transaction fees, institutional flows, and any regulatory commentary from management.
• Warner Bros. Discovery (WBD):
  The spotlight is on streaming performance, especially subscriber numbers and profitability of Max. The company’s debt load and progress on content cost management will also be under scrutiny as it tries to stabilize earnings post-merger.
• DraftKings (DKNG):
  Results will provide a snapshot of the online sports betting market. Analysts will look for user growth, engagement metrics, and guidance ahead of the NFL season. Expect attention on state-by-state market share and promotional spending trends.

Last week, markets were slower than what we’ve seen in recent months, with gold retreating as a result, the EUR/USD falling to 1.13, and stock markets continuing upward. The moves weren’t too big, but we opened 37 trading signals in total, finishing the week with 25 winning signals and 12 losing ones.

Gold Surges to New Highs Amid Inflation Concerns

After briefly pulling back to NEAR $3,200 last week, gold rebounded sharply. On Monday, the precious metal jumped by $92, or nearly 2.9%, to close at $3,332.88 after touching a record intraday high of $3,444. Renewed interest was driven by persistent inflation concerns and global macroeconomic uncertainty. Silver also joined the rally, gaining 1.5% to end at $32.47.

USD/JPY Buyers Return

In currency markets, the Japanese yen remains under pressure despite a mild technical recovery. The USD/JPY pair bounced from the key 140.00 level, supported by its 100-month moving average. Nevertheless, the yen’s vulnerability to global risk sentiment and U.S. dollar momentum remains intact.

USD/JPY – Daily Chart

Cryptocurrency Update

Crypto Momentum Continues—Bitcoin in Focus Edges Toward $100K

Cryptocurrency markets showed resilience. Bitcoin maintained a tight range just below $97,000, reflecting strong investor engagement and technical stability. The digital currency continues to show strength as it edges closer to the psychological $100,000 threshold.

BTC/USD – Weekly chart

XRP Continues to Consolidate in Tight Range

XRP also held firm, trading near the top of its recent range following a solid recovery from the $1.80–$2.20 support zone. The token appears to retain upside potential as long as it remains above its 50-day moving average, especially if broader crypto sentiment continues to improve.
XRP/USD – Daily Chart