Big Tech Earnings Drop Today: Google, P&G, and Pepsi Under the Microscope
Wall Street braces for impact as tech and consumer giants report Q1 earnings—because nothing says ’stable economy’ like caffeine, toothpaste, and ad revenue carrying the market.
Google’s ad business faces scrutiny amid AI search upheaval. Meanwhile, P&G and Pepsi bet on inflation-fatigued consumers still brushing their teeth and chugging soda. Priorities.
Analysts watch for guidance cuts as ’higher for longer’ interest rates squeeze margins. Spoiler: earnings beats will be celebrated, then immediately dismissed as ’priced in’ by algos.
Today’s Market Outlook: Markets Eye Trade Data and Corporate Earnings
Market participants are closely watching US-China trade developments, which remain speculative and heavily dependent on political rhetoric. While investors await further clarity, upcoming macroeconomic data—such as the German Ifo Business Climate (expected to soften) and US Durable Goods Orders (expected to rise)—could add further direction.
On the corporate front, a slew of heavyweight earnings reports from Alphabet (Google), Nestlé, PepsiCo, and Procter & Gamble are expected to inject volatility into equity markets and major US indices.
Last week, markets were chaotic, with gold soaring $250 in the final three days, the EUR/USD surging 5 cents, and stock markets opening down before turning upward. The moves were big, and the volatility was enormous, so we opened 40 trading signals in total, finishing the week with 25 winning signals and 15 losing ones.
Gold Surges, Then Retreats as Rate Cut Hopes and Diplomacy Shift
Gold continued to dominate headlines after a remarkable two-week rally that added nearly $500 to its price. Spot gold touched new highs, briefly surpassing $3,444 per ounce, driven by escalating global tensions and dovish comments from Fed Chair Jerome Powell.
Markets interpreted Powell’s remarks as signaling up to 90 basis points of rate cuts by year-end, potentially starting as early as June or July. However, as trade headlines turned more positive and risk appetite improved, gold pulled back sharply below $3,300. The correction underscored how sensitive gold remains to macro narratives and shifts in global diplomacy.
Euro Reverses Gains After ECB Cut and Dollar Resurgence
The euro initially strengthened after the ECB’s rate cut, climbing to 1.1572 against the dollar. Markets interpreted the move as front-running Fed easing, putting downward pressure on the dollar. However, that momentum faded through the day.
Improved trade rhetoric and calmer market sentiment reignited demand for the greenback, pushing EUR/USD back below the 1.13 level. Traders are now debating whether the euro can hold above 1.10 in the NEAR term as dollar strength re-emerges.
EUR/USD – H4 Chart
Cryptocurrency Update
Bitcoin Bounce Back on Renewed Risk Appetite
Bitcoin mirrored broader market fluctuations, briefly dipping below $75,000 and nearing its 50-week moving average before rebounding to $93,000. The rally was supported by renewed optimism following pro-growth remarks from Trump, which spilled over into the crypto space.
Bitcoin now faces resistance near its 20-week simple moving average, caught between macro uncertainties and a recovering risk appetite.
BTC/USD – Daily chart
XRP Stabilizes Above $2.20
Ripple’s XRP stood out for its relative resilience. The token held key support levels at $1.80, $2.00, and $2.20, thanks in part to its 200-day moving average. By midweek, XRP had reclaimed the $2.20 mark and began drawing renewed interest from investors, potentially leading a broader recovery in digital assets.
XRP/USD – Daily Chart
