Bitcoin (BTC) and Tesla (TSLA) Shares Soar as Risk Appetite Remains Robust

This will be an earnings week, with major companies such as Apple, Amazon, McDonald's etc. releasing their financial results.

Tech stocks and global markets closed last week on a strong note as risk appetite remained robust. The technology sector, in particular, shined brightly, with Tesla (TSLA) shares soaring nearly 25%. Meanwhile, major stock indices, such as the Nasdaq Composite, posted impressive gains, ending the week up by more than 8%.

In the forex domain, the U.S. dollar delivered a mixed performance. It strengthened against the euro (EUR), Japanese yen (JPY), and Swiss franc (CHF), but weakened against the British pound (GBP), Australian dollar (AUD), and New Zealand dollar (NZD). The USD and Canadian dollar (CAD) mostly tracked sideways, showing very little net movement.

Gold price hit a new record high on Monday at $3,500 but reversed and lost $250, trading in a wide range all week. Crude oil prices remained under pressure, reflecting broader risk fluctuations and uncertainty in energy markets.

Over the weekend, U.S. President Donald Trump addressed several major international and economic issues. He expressed strong confidence in his administration's economic strategies and appeared unconcerned by the earlier volatility in the bond market.

On foreign affairs, Trump suggested that peace remains possible even with Russia under Vladimir Putin and reaffirmed that Crimea would remain under Russian control. He also hinted at new trade agreements on the horizon, acknowledged a call from Chinese President Xi Jinping, and expressed his openness to taxing millionaires.

Some of the biggest names in tech and consumer sectors will be reporting their earnings this week.

Monday, April 29

Domino’s Pizza (DPZ) and MGM Resorts (MGM) are among the companies set to report earnings before the market opens.

After the close, we’ll hear from Waste Management (WM), NXP Semiconductors (NXPI), F5 Networks (FFIV), and Teradyne (TER).

Tuesday, April 30

SoFi Technologies (SOFI), PayPal (PYPL), UPS, JetBlue Airways (JBLU), Coca-Cola (KO), Pfizer (PFE), Royal Caribbean Cruises (RCL), Spotify (SPOT), and Altria Group (MO) are some of the companies reporting earnings.

Major names such as Visa (V), Starbucks (SBUX), Snap Inc. (SNAP), First Solar (FSLR), PPG Industries (PPG), and Booking Holdings (BKNG) will report after the close.

Wednesday, May 1

Humana (HUM), Caterpillar (CAT), Vulcan Materials (VMC), Western Digital (WDC), Generac Holdings (GNRC), International Paper (IP), and Hess Corporation (HES) are set to report earnings before the opening bell.

In the evening, we’ll get earnings from tech giants Microsoft (MSFT) and Meta Platforms (META), along with Robinhood Markets (HOOD) and Qualcomm (QCOM).

Thursday, May 2

Eli Lilly (LLY), Roblox (RBLX), CVS Health (CVS), Mastercard (MA), SiriusXM (SIRI), McDonald’s (MCD), and Shake Shack (SHAK) are among the companies reporting earnings.

Some of the biggest names in tech and consumer sectors—Amazon (AMZN), Apple (AAPL), and Airbnb (ABNB)—will release their highly anticipated earnings.

Friday, May 3

The week wraps up with earnings from energy giants ExxonMobil (XOM) and Chevron (CVX), along with health insurer Cigna (CI) and restaurant chain Wendy’s (WEN).

Last week, markets were chaotic, with gold surging $250 in the final three days, the EUR/USD increasing by 5 cents, and major stock indices opening lower before rallying. The moves were significant, and the volatility was substantial, with a total of 40 trading signals being opened. Out of these signals, 25 finished in profit and 15 finished in loss.

Gold Price Hits Record Highs on Monday, But Volatility Returns

Gold traded within a wide range throughout the week, hitting a new record above $3,500 early on. Afterward, the yellow metal experienced a sharp $250 pullback.

However, despite the initial decline, the bullish sentiment quickly returned following dovish signals from Federal Reserve Chair Powell and rising geopolitical tensions, pushing gold back above the $3,300 level.

This rally culminated with gold reaching a new peak at $3,444, marking a surge of over $500 in just two weeks.

Nevertheless, a burst of optimism around global trade caused another setback for the metal, briefly sending gold prices below $3,300 once again.

ECB Rate Cut Sparks Volatility in EUR/USD

The European Central Bank (ECB) delivered a surprise interest rate cut, which was seen by markets