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Forex Signals April 29: Google, MSFT, Amazon AMZN, and META Earnings Preview
Amazon.com, Microsoft Corporation, Alphabet Inc., and Meta Platforms are the main players on an important earnings day that could influence
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Last updated: Wednesday, April 29, 2026
Quick overview
- Alphabet, Microsoft, Amazon, and Meta are set to report earnings, which could influence market trends significantly.
- The Nasdaq Composite experienced its weakest session in nearly a month, primarily due to OpenAI's disappointing growth report.
- Gold prices showed mixed performance, stabilizing after a decline but still on track for the lowest close since March.
- Positive signals in US-Iran dynamics suggest potential progress, although markets remain cautious amid ongoing geopolitical tensions.
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MARKETS TREND
Amazon.com, Microsoft Corporation, Alphabet Inc., and Meta Platforms are the main players on an important earnings day that could influence the direction of the market.
Markets Pause as Iran Developments Remain Unclear
Tuesday marked another session of waiting for meaningful developments in the conflict involving Iran. While no concrete breakthrough emerged, underlying signals and reports suggest that the prospects for a deal may be improving. At the same time, the absence of a resolution continues to weigh on markets, with West Texas Intermediate crude briefly rising above $100.
Tech Stocks Drag Nasdaq Lower
The Nasdaq Composite recorded its weakest session in nearly a month, though the decline was relatively modest at around 1%. The move was not driven by geopolitical tensions but rather by a report that OpenAI failed to meet its internal growth and revenue targets.
This development pressured the broader AI trade, with companies such as NVIDIA, Broadcom, and Micron Technology moving lower.
Gold and Bonds Reflect Mixed Sentiment
Gold prices weakened during European trading but stabilized and rebounded during North American hours. Despite the recovery, the metal remains on track for its lowest close since late March, amid concerns that rising oil costs could force emerging markets to sell gold or reduce purchases. In bond markets, a slight tail in the 7-year Treasury auction was largely ignored. Yields remained steady, with some demand at the long end likely reflecting ongoing risk aversion.
Signs of Progress in US-Iran Dynamics
There were tentative positive signals in developments involving Donald Trump and Iran. Early indications suggest Iran has expressed interest in reopening the Strait of Hormuz, while reports indicate a new proposal may be in preparation.
The lack of immediate military escalation following initial proposals is being viewed as a constructive sign, even as markets continue to await clearer direction.
Earnings Calendar Highlights Wednesday
Wednesday’s earnings lineup represents a pivotal moment for markets, with four of the world’s largest companies reporting simultaneously. The results will not only reflect company-specific performance but also shape the broader narrative around AI investment, profitability, and Big Tech leadership.
Alphabet Inc. (AMC)
- Q1 2026 EPS expected at $2.67
- Key focus on advertising revenue recovery and AI monetization
- Google Cloud performance remains critical for growth narrative
- Investors watching margins amid rising AI infrastructure costs
Microsoft Corporation (AMC)
- Q3 2026 EPS expected at $4.07
- Azure growth and AI integration (Copilot, enterprise adoption) in focus
- Market attention on cost discipline vs aggressive AI spending
- OpenAI partnership developments remain a key variable
Amazon.com (AMC)
- Q1 2026 EPS expected at $1.65
- AWS growth trajectory critical amid rising competition
- Retail margins and consumer demand trends under scrutiny
- AI investment impact on profitability closely watched
Meta Platforms (AMC)
- Q1 2026 EPS expected at $6.65
- Advertising strength and user engagement remain core drivers
- AI investments and monetization strategy in focus
- Spending discipline vs growth ambitions a key debate
Key Themes to Watch
- AI spending vs returns: All four companies are investing heavily in AI, raising questions about margins and long-term payback
- Cloud competition: AWS, Azure, and Google Cloud performance will provide insight into enterprise demand
- Digital advertising trends: Alphabet and Meta results will signal strength in global ad markets
- Big Tech valuations: With elevated expectations, earnings must justify current market caps
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 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
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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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