Forex Signals April 24: P&G, HCA, SLB, Eni and Nomura Earnings Preview in Focus Friday

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Procter & Gamble, HCA Healthcare, SLB, Eni, and Nomura Holdings headline Friday’s earnings calendar across consumer, healthcare, energy, and financial sectors.

Geopolitical Uncertainty Clouds Outlook

Tensions remain highly uncertain, with mixed signals from both the U.S. and Iran. Donald Trump continues to indicate he is waiting for a response from Iran on potential negotiations, while Iranian officials insist talks will not proceed unless the blockade is lifted. Conflicting narratives have also emerged around internal unity, with U.S. and Israeli reports pointing to possible divisions, while Iranian leadership publicly maintains a united front. The situation remains unclear, raising questions about how much of the messaging reflects reality versus strategic signaling.

Market Volatility Driven by Headlines

Markets reacted sharply to reports from Israel suggesting Iran’s parliamentary chief had withdrawn from negotiations. This triggered spikes in oil prices and declines in equities. Additional reports of Iran activating air defenses and a possible Israeli strike briefly intensified volatility, though these were later clarified as system tests. Markets partially recovered but failed to fully retrace earlier moves.

Economic Signals and Market Performance

On the economic front, corporate commentary has been broadly positive, with strong manufacturing data from the S&P Global PMI supporting growth expectations. Oil prices rose for a third consecutive session, with WTI climbing $4 to $96.96, erasing the earlier “strait is open” decline. Stocks ended lower overall, though performance was mixed due to earnings divergence. In after-hours trading, Intel shares surged on strong results, while Avis Budget Group saw a sharp reversal as a short squeeze unwound.

Earnings Calendar Highlights Friday

Friday’s lineup offers a broad read across key sectors of the global economy. Consumer strength from Procter & Gamble, healthcare demand via HCA, and energy trends through SLB and Eni will provide insight into inflation, growth, and commodity dynamics. Meanwhile, Nomura’s results will help gauge financial market activity. Together, these reports could shape sentiment heading into the next trading week, particularly around consumer resilience and energy-driven inflation pressures.

Procter & Gamble (PG)

• Q3 2026 earnings (BMO)
• EPS estimate: 1.56
• Prior performance: +3.76
• Market cap: ~$340.5B
• Focus: Pricing power, consumer demand resilience, and margin stability

HCA Healthcare (HCA)

• Q1 2026 earnings (BMO)
• EPS estimate: 7.15
• Market cap: ~$106B
• Focus: Patient volumes, labor costs, and healthcare demand trends

SLB (SLB)

• Q1 2026 earnings (BMO)
• EPS estimate: 0.52
• Prior performance: +5.55
• Market cap: ~$82.2B
• Focus: Oil services demand, international drilling activity, and margins

Eni (E)

• Q1 2026 earnings (TNS)
• Prior performance: -3.74
• Market cap: ~$80.6B
• Focus: Energy prices, upstream output, and capital returns

Nomura Holdings (NMR)

• Q4 2026 earnings (BMO)
• EPS estimate: 0.21
• Market cap: ~$23.9B
• Focus: Trading revenues, investment banking activity, and global market conditions

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 Approaches $80K

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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