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Forex Signals April 16: TSMC, Netflix, PepsiCo, Abbott Earnings Preview
Taiwan Semiconductor Manufacturing Company, Netflix, and PepsiCo are at the top of a busy Thursday earnings schedule that includes consumer
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Last updated: Thursday, April 16, 2026
Quick overview
- Taiwan Semiconductor Manufacturing Company, Netflix, and PepsiCo are set to report earnings, highlighting key sectors of the economy.
- Recent market trends show a divergence, with technology stocks leading the rally while cyclical stocks remain muted.
- Speculative activity in quantum computing stocks raises caution, as such momentum can quickly reverse.
- Markets may require a new catalyst to sustain gains, with upcoming earnings and economic data potentially guiding future movements.
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MARKETS TREND
Taiwan Semiconductor Manufacturing Company, Netflix, and PepsiCo are at the top of a busy Thursday earnings schedule that includes consumer staples, streaming, and semiconductors.
Tech-Led Rally Masks Broader Divergence
Recent market action highlights a clear divergence, with technology stocks driving the bulk of the rally. Strength in the sector reflects renewed leverage and risk appetite, while more cyclical, real-economy stocks were relatively muted on Wednesday—despite rebounding strongly from recent lows.
Speculative Signals Raise Caution
A notable concern is the sharp move in quantum computing stocks, often seen as a proxy for retail and options-driven activity. While such momentum can act as a leading indicator, it is typically fragile and can reverse quickly if sentiment shifts.
Limited Confirmation Across Markets
Outside equities, there was little confirmation of the rally. Treasury yields edged 1–3 basis points higher, oil slipped modestly, and gold declined. In FX, commodity currencies firmed slightly, while the euro remained flat.
Waiting for the Next Catalyst
Markets may need a fresh catalyst—such as a confirmed peace deal—to sustain gains. Earnings remain supportive, particularly in financials, while upcoming data like jobless claims and the Philly Fed survey could guide the next move.
Earnings Calendar Highlights (Thursday)
Today’s lineup offers a broad cross-section of the economy—from AI-driven semiconductors to consumer spending and financial services. TSM will likely set the tone for AI and chip stocks, while Netflix could influence broader tech sentiment after the close.
Meanwhile, PepsiCo, Abbott, and Schwab provide insight into the consumer, healthcare, and financial backdrop, making this a well-rounded and potentially market-moving earnings day.
Taiwan Semiconductor Manufacturing Company (BMO)
- Expected EPS: 3.36
- Prior EPS: 3.84
- Market Cap: $1.95T
Focus: AI chip demand, advanced node capacity (3nm/2nm), and margins amid strong semiconductor cycle
Why it matters: TSM is a key bellwether for global chip demand and AI infrastructure spending
Netflix (AMC)
- Expected EPS: 1.34
- Prior EPS: 2.93
- Market Cap: $456.8B
Focus: Subscriber growth, ad-tier monetization, and content spending discipline
Why it matters: Streaming profitability and pricing power remain key drivers for tech sentiment
PepsiCo (BMO)
- Expected EPS: 1.55
- Market Cap: $211.7B
Focus: Pricing vs volume trends, consumer demand resilience, and margin stability
Why it matters: A major read-through on global consumer health and inflation impact
Abbott Laboratories (BMO)
- Expected EPS: 1.15
- Prior EPS: 6.68
- Market Cap: $176.5B
Focus: Medical devices growth, diagnostics recovery, and post-COVID normalization
Why it matters: Insight into healthcare demand trends and earnings normalization
Charles Schwab (BMO)
- Expected EPS: 1.39
- Market Cap: $175.7B
Focus: Net interest margins, client asset flows, and trading activity
Why it matters: A key gauge of retail investor activity and rate environment impact
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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