Forex Signals April 20: TSLA, INTC, UAL, UNH, Boeing, and GE Earnings Preview Highlights

Quick overview

Major companies including Tesla, Intel, and Boeing headline a busy Thursday earnings calendar across tech, healthcare, and industrial sectors.

Market Optimism Fades After Weekend Tensions

Last Friday, markets rallied on positive geopolitical developments after Iran announced the reopening of the Strait of Hormuz and President Trump signaled that a deal could be imminent. This optimism drove oil prices down by around $10, while bond yields fell 6–8 basis points and the Nasdaq extended its winning streak to 13 sessions.

Weekend Reversal and Rising Uncertainty

However, sentiment shifted over the weekend as confusion emerged. Iran moved to close the Strait of Hormuz again, reigniting uncertainty. The escalation followed continued Israeli strikes in Lebanon and growing tensions between the United States and Iran over alleged ceasefire violations.

Gold Reacts to Changing Risk Dynamics

As geopolitical risks resurfaced, last week’s optimism faded. Despite its safe-haven status, Gold opened lower on Monday near $4,775, weighed down by a stronger US dollar and shifting market dynamics.

Earnings Calendar Highlights for the Week

This week’s earnings lineup spans multiple key sectors, offering a broad read on the global economy. Tech giants like Tesla and Intel could drive market direction, especially around tech and growth expectations. Industrial and defense names will signal real economy strength, while healthcare provides stability signals. Overall, this is a high-impact earnings day that could shape short-term market sentiment and sector rotation trends

GE Aerospace

• Expected EPS: $1.60
• Focus: Aircraft demand, defense exposure, margin expansion

UnitedHealth Group

• Expected EPS: $6.61
• Focus: Medical cost trends, insurance margins, guidance

RTX Corporation

• Expected EPS: $1.52
• Focus: Defense backlog, supply chain normalization

Philip Morris International

• Expected EPS: $1.83
• Focus: Smoke-free product growth, global demand trends

Boeing

• Expected EPS: -0.68
• Focus: Production recovery, delivery outlook, cash flow

Tesla

• Expected EPS: $0.36
• Focus: Margins, AI investments, delivery outlook

Intel

• Expected EPS: $0.01
• Focus: Chip demand recovery, foundry progress

International Business Machines

• Expected EPS: $1.81
• Focus: AI growth, cloud performance

United Airlines

• Expected EPS: $1.09
• Focus: Travel demand, fuel costs, forward bookings

Market Themes to Watch

• AI and Tech Spending: Tesla, Intel, and IBM will provide insight into AI investment trends
• Consumer and Travel Demand: United Airlines and Philip Morris reflect global demand strength
• Industrial Recovery: Boeing and GE Aerospace highlight supply chains and production recovery
• Healthcare Stability: UnitedHealth offers a read on defensive sector resilience

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

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

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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