Forex Signals April 28: AMZN, AAPL, MSFT, META, CVX Earnings to Shake Markets

This will be an earnings week, with major companies with as Apple, Amazon, McDonald's etc. releasing their financial tables ahead.

Skerdian Meta•Monday, April 28, 2025•4 min read

Brace for erratic reaction in stocks after earnings this week

Quick overview

This week features major earnings reports from companies like Apple, Amazon, and McDonald's, providing insights into various sectors.
Global markets ended last week positively, with tech stocks leading the way, highlighted by a nearly 25% surge in Tesla shares.
The U.S. dollar showed mixed performance in the forex market, strengthening against some currencies while weakening against others.
Gold prices experienced volatility, hitting a record high before pulling back, while Bitcoin rebounded significantly after a brief dip.

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This will be an earnings week, with major companies with as Apple, Amazon, McDonald’s etc. releasing their financial tables ahead.

Tech Stocks Lead Another Risk-On Week

Global markets closed last week on a strong note as risk appetite remained robust. The technology sector, in particular, shined brightly, with Tesla (TSLA) shares soaring nearly 25%. Meanwhile, major stock indices, such as the Nasdaq Composite, posted impressive gains, ending the week up by more than 8%.

Forex Market Sees Mixed Dollar Performance

In the forex space, the U.S. dollar delivered a mixed performance. It strengthened against the euro (EUR), Japanese yen (JPY), and Swiss franc (CHF), but weakened against the British pound (GBP), Australian dollar (AUD), and New Zealand dollar (NZD). The USD and Canadian dollar (CAD) mostly tracked sideways, showing very little net movement.

Oil and Gold Struggled as Political News Takes Center Stage

Gold price made a new record high on Monday at $3,500, but reversed and lost $250, trading in a wide range all week. Crude oil prices remained under pressure, reflecting broader risk fluctuations and uncertainty in energy markets. Over the weekend, U.S. President Donald Trump addressed several major international and economic issues.

He expressed strong confidence in his economic strategies and appeared unconcerned by the earlier volatility in the bond market. On foreign affairs, Trump suggested peace remains possible even with Russia under Vladimir Putin and reaffirmed that Crimea would remain under Russian control. Additionally, he hinted at new trade agreements on the horizon, acknowledged a call from Chinese President Xi Jinping, and reiterated his openness to taxing millionaires.

This Week’s Market Outlook: Major Earnings Reports to Watch: April 29 – May 3

A number of high-profile companies are set to release their earnings this week, offering crucial insight into sectors ranging from tech to consumer goods to energy. Below is a breakdown of some of the key names to watch:

Monday, April 29

The week kicks off with Domino’s Pizza (DPZ) and MGM Resorts (MGM) reporting before the market opens.
After the close, we’ll hear from Waste Management (WM), NXP Semiconductors (NXPI), F5 Networks (FFIV), and Teradyne (TER).

Tuesday, April 30

A busy morning session includes earnings from SoFi Technologies (SOFI), PayPal (PYPL), UPS, JetBlue Airways (JBLU), Coca-Cola (KO), Pfizer (PFE), Royal Caribbean Cruises (RCL), Spotify (SPOT), and Altria Group (MO).
Following the close, major names such as Visa (V), Starbucks (SBUX), Snap Inc. (SNAP), First Solar (FSLR), PPG Industries (PPG), and Booking Holdings (BKNG) will report.

Wednesday, May 1

Ahead of Wednesday’s opening bell, look out for reports from Humana (HUM), Caterpillar (CAT), Vulcan Materials (VMC), Western Digital (WDC), Generac Holdings (GNRC), International Paper (IP), and Hess Corporation (HES).
In the evening, earnings from tech giants Microsoft (MSFT) and Meta Platforms (META) will headline, alongside Robinhood Markets (HOOD) and Qualcomm (QCOM).

Thursday, May 2

Thursday’s pre-market action will see results from Eli Lilly (LLY), Roblox (RBLX), CVS Health (CVS), Mastercard (MA), SiriusXM (SIRI), McDonald’s (MCD), and Shake Shack (SHAK).
Later in the day, after the market closes, some of the biggest names in tech and consumer sectors—Amazon (AMZN), Apple (AAPL), and Airbnb (ABNB)—will release their highly anticipated earnings.

Friday, May 3

The week wraps up on Friday morning with earnings from energy giants ExxonMobil (XOM) and Chevron (CVX), alongside health insurer Cigna (CI) and restaurant chain Wendy’s (WEN).

Last week, markets were chaotic, with gold soaring $250 in the final three days, the EUR/USD surging 5 cents, and stock markets opening down before turning upward. The moves were big, and the volatility was enormous, so we opened 40 trading signals in total, finishing the week with 25 winning signals and 15 losing ones.

Gold Hits Record Highs on Monday, But Volatility Returns

Gold traded within a wide range throughout the week. Early on, it made headlines by hitting a fresh record above $3,500 per ounce. However, after a sharp $250 pullback, the precious metal lost ground. Nevertheless, sentiment quickly shifted after dovish signals from Federal Reserve Chair Powell and rising geopolitical tensions, triggering another rally that pushed gold back above $3,300.

The rally culminated with gold reaching a new peak at $3,444 per ounce, marking a $500+ surge in just two weeks. Yet, a burst of optimism around global trade caused another pullback, briefly sending gold prices below $3,300 before buyers stepped back in, lifting the metal by $100. Chart XAUUSD, D1, 2025.04.27 23:28 UTC, MetaQuotes Ltd., MetaTrader 5, Demo

XAU/USD – Daily Chart

ECB Rate Cut Sparks Volatility in EUR/USD

The European Central Bank (ECB) delivered a surprise interest rate cut, seen by markets as a preemptive move ahead of potential Fed rate reductions later this year. This initially lifted the EUR/USD pair to a high of 1.1572. However, renewed demand for the U.S. dollar soon erased gains, dragging the euro back below the 1.13 level. Traders are now cautious, questioning whether the EUR/USD can maintain ground above the psychological 1.10 barrier in the near term.

EUR/USD – H4 Chart

Cryptocurrency Update

Bitcoin Rebounds Off the 500 Weekly SMA

Bitcoin (BTC) experienced a rollercoaster ride, briefly dipping under $75,000 and touching its 50-week moving average before staging a massive rally. Buoyed by Trump’s pro-growth remarks and broader enthusiasm across tech sectors, Bitcoin surged to $93,000 and is now consolidating just below $95,000 after clearing the important 100-day SMA (green).

BTC/USD – Weekly chart

XRP Climbs Above the 50 Daily SMA

Ripple (XRP) also showed resilience. After holding firm at major support between $1.80 and $2.20 early in the week, XRP attracted fresh buying interest. This pushed the token back to $2.20 midweek, where it now trades, surpassing the 50-day SMA (green), suggesting that further upside could be on the horizon, especially if broader altcoin sentiment continues to improve.
XRP/USD – Daily Chart

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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.