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Forex Signals April 15: ASML, Bank of America, and Morgan Stanley Earnings Preview Today
ASML HoldingThe results program on Wednesday is dominated by ASML Holding N.V., Bank of America Corporation, and Morgan Stanley, providing..
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Last updated: Wednesday, April 15, 2026
Quick overview
- ASML, Bank of America, and Morgan Stanley are set to report earnings, providing insights into tech demand and the financial sector's health.
- Global markets are buoyed by positive developments in Middle East negotiations, leading to a decline in oil prices and increased investor confidence.
- The U.S. dollar has weakened amid cooling inflation signals, while equities have risen as geopolitical risks ease.
- Cryptocurrencies remain volatile, with Bitcoin experiencing significant fluctuations and Ethereum showing renewed strength.
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MARKETS TREND
The results program on Wednesday is dominated by ASML Holding N.V., Bank of America Corporation, and Morgan Stanley, providing important information about the state of the financial industry and the demand for technology.
Peace Trade Drives Market Momentum
It was another strong session for the “peace trade,” with global markets reacting positively to signs of progress in Middle East negotiations. Oil prices tumbled again, reflecting growing confidence that tensions may continue to ease.
Statements from Donald Trump reinforced this sentiment, as he pointed to the possibility of a second meeting in Pakistan and maintained an optimistic tone around a potential agreement. While developments in Lebanon remained limited, the overall tone of headlines was constructive.
Further supporting this narrative, reports indicated that Iran is not challenging the U.S. position in the Strait of Hormuz, suggesting incremental progress toward de-escalation.
Equities Climb as Risk Appetite Returns
With geopolitical risks easing, U.S. equities have pushed above pre-conflict levels. Investors are increasingly pricing in a favorable resolution, even as uncertainties remain.
The rally has been broad-based, with a synchronized move across asset classes. Oil, however, continues to adjust lower, signaling that markets are unwinding previously elevated risk premiums tied to supply disruption fears.
Dollar Weakens as Inflation Signals Cool
Currency markets also reflected the shift in sentiment, with the U.S. dollar broadly weaker. Softer economic data, including a subdued Producer Price Index (PPI), added to the move.
There is a growing view that inflation could return to a lower, more stable regime reminiscent of the pre-2020 period. Structural factors such as AI-driven productivity gains and potential fiscal restraint are reinforcing this narrative.
Earnings Calendar Highlights (Wednesday)
Wednesday’s earnings lineup offers a balanced view across sectors, from semiconductors to banking. ASML will provide critical signals on AI-driven chip demand, while Bank of America and Morgan Stanley will shed light on consumer strength and capital markets activity. Together, these reports could shape near-term market direction, particularly as investors assess growth durability and macroeconomic resilience.
ASML Holding N.V. (Q1 2026 – Before Market Open)
- Expected EPS: 6.64 | Prior: 7.78
- Market Cap: ~$596B
Key Focus:
- Demand outlook for EUV lithography machines amid AI chip boom
- Order backlog trends and visibility into 2026 semiconductor cycle
- Exposure to major clients like TSMC and Intel
- Impact of export restrictions and geopolitical risks on China sales
Market Angle:
- Seen as a leading indicator for global semiconductor capex and AI infrastructure spending
Bank of America Corporation (Q1 2026 – Before Market Open)
- Expected EPS: 1.02 | Prior: 0.85
- Market Cap: ~$533B
Key Focus:
- Net interest income performance amid “higher for longer” rate environment
- Loan growth and credit quality trends
- Consumer spending strength and deposit flows
- Investment banking and trading revenue contribution
Market Angle:
- Provides insight into the health of the U.S. consumer and broader economic activity
Morgan Stanley (Q1 2026 – Before Market Open)
- Expected EPS: 3.02
- Market Cap: ~$321B
Key Focus:
- Wealth management inflows and asset growth
- Investment banking recovery and deal activity
- Trading revenues amid market volatility
- Exposure to equity market performance and institutional flows
Market Angle:
- Acts as a barometer for capital markets activity and investor sentiment
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 (red) held as support this week and buyers returned and pushed XAU above the $4,800 and above the 100 SMA (green).
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.
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 above $76K but returned to $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
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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.
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