Forex Signals April 13: JPMorgan, JNJ, Wells Fargo, BlackRock, BMNR Earnings Preview

Big names that set the tone for markets, such as JPMorgan Chase & Co., Johnson & Johnson, Wells Fargo, Bitmine Immersion, and BlackRock, Inc

Big Banks and Healthcare Lead Tuesday Earnings Calendar

Quick overview

  • Major companies like JPMorgan Chase, Johnson & Johnson, Wells Fargo, and BlackRock are set to report earnings, influencing market sentiment.
  • Geopolitical tensions have resurfaced, particularly regarding U.S.-Iran negotiations, causing uncertainty in global markets.
  • Gold prices showed volatility, rebounding from lows but facing pressure from recent Federal Reserve comments.
  • Cryptocurrencies, particularly Bitcoin and Ethereum, experienced significant fluctuations, with Bitcoin struggling to maintain support levels.

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Big names that set the tone for markets, such as JPMorgan Chase & Co., Johnson & Johnson, Wells Fargo, Bitmine Immersion, and BlackRock, Inc., dominate Tuesday’s earnings agenda.

Last week market sentiment improved due to the ceasefire between US-Israel and Iran. The gold and stock market  entered a calmer phase following one of the most dramatic selloffs in recent history. After plunging sharply in March, prices showed moderate recovery last week, supported by optimism around ceasefire discussions between the United States and Iran.

However, that momentum faded quickly as geopolitical uncertainty resurfaced. Reports over the weekend indicated that negotiations had stalled, with U.S. Vice President JD Vance leaving Pakistan without a deal. While diplomatic channels remain open, the lack of progress has kept markets on edge.

Geopolitical Tensions Re-Emerge

Recent developments have reintroduced risk into global markets. President Donald Trump signaled a tougher stance on Iran, including potential actions to secure the Strait of Hormuz and restrict Iranian shipping.

These developments highlight unresolved issues surrounding nuclear negotiations, shipping access, and financial sanctions. The region’s importance to global energy supply means any escalation could have wide-reaching consequences, keeping geopolitical risk elevated and unpredictable.

Earnings Calendar Highlights (Monday)

Tuesday’s earnings lineup is heavily weighted toward financial heavyweights, making it a critical session for gauging economic momentum and market direction. Strong results from banks and asset managers could reinforce confidence in the recovery narrative, while any signs of weakness—particularly in lending or consumer activity—may trigger renewed volatility across equities.

JPMorgan Chase & Co. (JPM)

  • Expected EPS: $5.49
  • Market Cap: $1.04T
  • Focus: Investment banking activity, net interest income, and outlook on consumer health
  • Key driver: Sensitivity to interest rates and capital markets recovery

Johnson & Johnson (JNJ)

  • Expected EPS: $2.68
  • Market Cap: $574.66B
  • Focus: Pharmaceutical growth, medical devices recovery, and litigation updates
  • Key driver: Stability as a defensive stock amid market volatility

Wells Fargo & Company (WFC)

  • Expected EPS: $1.58
  • Market Cap: $263.51B
  • Focus: Loan growth, credit quality, and net interest margins
  • Key driver: Exposure to U.S. consumer and housing market trends

BlackRock, Inc. (BLK)

  • Expected EPS: $11.65
  • Market Cap: $155.43B
  • Focus: Asset inflows, ETF demand, and fee compression trends
  • Key driver: Market performance impact on assets under management (AUM)

Bitmine Immersion Technologies, Inc. (BMNR)

  • Expected EPS: $0.17
  • Market Cap: $9.69B
  • Focus: Mining efficiency, energy costs, and crypto price exposure
  • Key driver: Sensitivity to Bitcoin price movements and infrastructure scaling

Last week, markets were quite volatile again, with gold soaring to $4,550 and then retreating but finding support at $4,300. EUR/USD climbed above 1.15 while main indices closed the day higher at new records. The moves weren’t too big though, and we opened 34 trading signals in total, finishing the week with 23 winning signals and 9 losing ones.

Gold Rebounds Off the 200 SMA

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. In December, gold jumped above $4,380 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. The 20o daily SMA (purple) held as support this week and buyers returned and pushed XAU above the $4,500 and above the 100 SMA (gray).

XAU/USD – Daily Chart

USD/JPY Rebounds

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 approached $160 but reversed after the BOJ meeting and fell 8 cents but found support at $152 at the 100 daily SMA (red) and rebounded above 156 but have reversed down again this week after the Japanese elections.Chart USDJPY, D1, 2026.03.09 22:33 UTC, MetaQuotes Ltd., MetaTrader 5, Demo

USD/JPY – Daily Chart

Cryptocurrency Update

Bitcoin Fails at 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). A rebound followed, sending BTC near $100 is the first major text for Bitcoin buyers. However BTC returned lower and fell below $80K, breaking below the but the 100 weekly SMA (green) but the decline stopped at the $60K support where the 200 weekly SMA (purple) stands and rebounded to $74K but returned below $70K again.

BTC/USD – Daily Chart

Ethereum Returns to $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 n d pushed the price above $2K again.

ETH/USD – Weekly Chart

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.

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