Forex Signals April 22: Tesla, IBM, Boeing, PM, CME and ServiceNow Earnings Preview for Wednesday

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Major companies including Tesla, IBM, Boeing, PM, CME and ServiceNow lead Wednesday’s earnings, spanning tech, industrials, and consumer sectors.

Escalating Uncertainty Around Iran Talks

The situation surrounding the Iran conflict continued to shift rapidly, creating uncertainty throughout the trading day. Early optimism emerged as reports suggested that U.S. officials, including JD Vance, could be dispatched for negotiations. However, confidence quickly faded following mixed signals after President Donald Trump appeared on CNBC.

Despite a strong U.S. retail sales report, markets largely ignored economic data as geopolitical developments took center stage.

Talks Collapse and Ceasefire Extended

Concerns intensified when Vance traveled to Washington instead of Islamabad, signaling a potential breakdown in diplomacy. These fears were later confirmed by Iranian media reports indicating that talks had been called off, followed by confirmation from U.S. sources.

In response, Trump announced a unilateral extension of the ceasefire. However, tensions remain elevated, with Iran warning of possible surprise actions and expressing skepticism about U.S. intentions.

Markets React to Geopolitical Risks

Financial markets responded in a predictable manner. Oil prices moved higher, bond yields climbed, and equities declined, reflecting a shift toward risk aversion. The euro also weakened amid rising uncertainty.

While the ceasefire extension offered temporary relief, the outlook remains fragile. Further escalation could lead to heightened volatility across global markets.

Earnings Calendar Highlights Wednesday

Wednesday’s earnings lineup offers a broad cross-section of the economy, from EVs and AI to consumer goods and financial markets. Results from Tesla will likely be the primary market mover, given its influence on sentiment and tech positioning. Strong reports could reinforce bullish momentum, but weak guidance may trigger volatility
Overall, investors will focus less on headline beats and more on forward outlooks, margins, and demand trends.

Before Market Open (BMO)

Philip Morris International

• Expected EPS: $1.83

Focus areas:

• Pricing power and demand stability
• Growth in smoke-free products (IQOS, alternatives)
• Currency impact and global sales mix

CME Group

• Expected EPS: $3.38

Focus areas:

• Trading volumes across derivatives markets
• Volatility-driven revenue (rates, commodities)
• Institutional activity trends

After Market Close (AMC)

Tesla

• Expected EPS: $0.36

Focus areas:

• Margins and pricing strategy
• AI investments and autonomy roadmap
• Delivery trends after recent miss

IBM

• Expected EPS: $1.81

Focus areas:

• Hybrid cloud and AI growth
• Consulting revenue trends
• Margin expansion and cost discipline

ServiceNow

• Expected EPS: $0.97

Focus areas:

• Enterprise software demand
• AI integration into workflow platforms
• Subscription growth and guidance

Key Themes to Watch

• AI Investment Cycle: Tesla, IBM, and ServiceNow provide insight into enterprise and industrial AI adoption
• Consumer Strength vs Pricing Power: Philip Morris reflects global demand resilience
• Market Volatility Impact: CME Group offers a read on trading activity and institutional flows
• Margins Under Pressure: Cost control remains critical across sectors

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 Climbs Above the 100 SMA

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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