Forex Signals Oct 27: Fed, ECB Combined with Apple, AMZN, MSFT, and Alphabet Earnings

Apple, Microsoft, Alphabet, and Amazon headline a blockbuster earnings week, as as the Fed and ECB deliver key policy updates.

Written by: Skerdian Meta • Monday, October 27, 2025 • 3 min read

• Last updated: Monday, October 27, 2025

Volatility Ahead: Key Data, Central Banks, and Corporate Titans in Spotlight

Quick overview

Major tech companies like Apple, Microsoft, Alphabet, and Amazon are set to report earnings this week amid significant central bank policy updates.
U.S. stocks continued to rise, driven by strong investor confidence and a rally in quantum computing stocks despite earlier rumors of government investment being denied.
Treasury yields increased slightly, reflecting ongoing inflation concerns while the market remains optimistic about growth prospects.
Key economic indicators and central bank meetings this week are expected to influence market sentiment and volatility.

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Apple, Microsoft, Alphabet, and Amazon headline a blockbuster earnings week, as as the Fed and ECB deliver key policy updates.

The U.S. dollar was steady last week against most currencies but lost ground against the Australian dollar as global investors embraced riskier assets. A renewed wave of risk-on sentiment reversed earlier dollar strength, with traders rotating out of safe havens and into higher-yielding, growth-oriented currencies and equities.

Equities Extend Gains on Optimism and Quantum Stock Rally

U.S. stocks continued their upward momentum, buoyed by strong investor confidence and a tech-led advance.

The Dow Jones Industrial Average climbed 0.31%,
The S&P 500 rose 0.58%,
The Nasdaq Composite added 0.89%, and
The Russell 2000 led with a 1.27% surge.

Much of the rally was powered by quantum computing stocks, which spiked after reports suggested possible government investment in the sector. Even after the White House denied the rumors, market optimism persisted, and most of the sector’s gains held firm.

Treasury Yields Edge Higher as Inflation Concerns Linger

While equities rallied, U.S. Treasury yields moved modestly higher across the curve, reflecting lingering caution about inflation and future rate expectations.

The 2-year yield rose 4.7 basis points to 3.490%.
The 5-year yield increased 5.4 basis points to 3.609%
The 10-year yield climbed 5.0 basis points, reclaiming the 4.00% threshold.

The combination of rising yields, lower inflation and the CPI report showed on Friday, and improving risk sentiment highlighted a balanced market mood — investors showing confidence in growth prospects while remaining alert to inflation pressures.

Key Market Events to Watch This Week: Central Banks and Big Tech in Focus

A pivotal week lies ahead for global markets, with multiple central bank meetings, major U.S. data releases, and heavyweight corporate earnings set to guide sentiment and volatility.

Global Economic Events

Monday (MON):

Germany Ifo Business Climate (Oct) – gauge of business sentiment.
U.S. Durable Goods Orders (Sep) – key indicator for manufacturing health.

Tuesday (TUE):

U.S. Consumer Confidence (Oct) – measures household sentiment and spending outlook.

Wednesday (WED):

FOMC Policy Decision – markets watching for confirmation of a potential rate cut.
Bank of Canada (BoC) Policy Decision – tone on inflation and growth in focus.
Australian CPI (Sep & Q3) – key for RBA’s next move.
U.K. GDP (Q3) – snapshot of post-summer economic performance.

Thursday (THU):

Bank of Japan (BoJ) & European Central Bank (ECB) Policy Announcements – major rate decisions could sway global FX markets.
U.S. Flash GDP (Q3) – crucial reading for growth momentum.
Weekly Jobless Claims – continues to signal labor market resilience.

Friday (FRI):

U.S. PCE Price Index (Sep) – the Fed’s preferred inflation gauge.
Employment Cost Index (Q3) – key for wage inflation trends.

Major Corporate Earnings – Q3 & Q4 Highlights

Visa (V): Q4 2025 results after market close (AMC) – EPS 2.97
UnitedHealth Group (UNH): Q3 2025 results before market open (BMO) – EPS 2.81
Microsoft (MSFT): Q1 2026 results AMC – EPS 3.66
Alphabet (GOOGL): Q3 2025 results AMC – EPS 2.27
Meta Platforms (META): Q3 2025 results AMC – EPS 6.70
Apple (AAPL): Q4 2025 results AMC – EPS 1.77
Amazon (AMZN): Q3 2025 results AMC – EPS 1.56
Eli Lilly (LLY): Q3 2025 results BMO – EPS 5.92
MicroStrategy (MSTR): Q3 2025 results AMC – EPS 30.24
ExxonMobil (XOM): Q3 2025 results BMO – EPS 1.82

Forex Signals Update

Last week, markets were quite volatile again, with gold finding support at $4,000. EUR/USD stayed above 1.16 while main indices closed the week higher at new records. The moves weren’t too big though, and we opened 35 trading signals in total, finishing the week with 23 winning signals and 12 losing ones.

The 20 SMA Holds the Gold Dip

Although demand for safe haven assets is still high, gold fell precipitously from record highs following the Fed’s most recent rate cut comments, as profit-taking was prompted by Powell’s cautious tone. Earlier this month, gold jumped above $4.3800 following the Federal Reserve’s announcement of a 25 basis point rate decrease. But the impetus soon waned, and prices dropped back to $4,004. But the 20 daily SMA held as support and we might see a continuation of the uptrend this week.

XAU/USD – Daily Chart

USD/JPY Returns to 150

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 153 but returned below 152 yesterday.

USD/JPY – Weekly Chart

Cryptocurrency Update

Bitcoin Retests the Support Indicator

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 below $105,000 before finding support at the 200 daily SMA (purple) and recovering above $115,000 but then fell toward $100K again. However last week BTC has turned higher again, climbing above $114K over the weekend.

BTC/USD – Daily chart

Ethereum Falls Below $4,000

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. ON Friday we saw a dive below $3.500 however buying resumed on Sunday and ETH/USD climbed above $4,500 but returned back down below $4,000 again this week.

ETH/USD – Weekly Chart

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ABOUT THE AUTHOR See More

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.