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The USD/CAD pair holds steady around the 1.3900 zone on Friday as markets weigh fresh US-China trade headlines and stronger oil prices against a firmer Greenback.

The earnings calendar heats up next week with the number of big-name releases including Coca-Cola, Pfizer, Starbucks, Microsoft, Meta, Amazon, Apple, McDonald’s, Exxon Mobil, and Chevron on scheduled to release. Below is the full list of some of the bigger names on the schedule.

Monday, April 29

Before Open:

• Domino’s Pizza (DPZ)

• MGM Resorts (MGM)

After Close:

• Waste Management (WM)

• NXP Semiconductors (NXPI)

• F5 Networks (FFIV)

• Teradyne (TER)

Tuesday, April 30

Before Open:

• SoFi (SOFI)

• PayPal (PYPL)

• UPS

• JetBlue (JBLU)

• Coca-Cola (KO)

• Pfizer (PFE)

• Royal Caribbean (RCL)

• Spotify (SPOT)

• Altria (MO)

After Close:

• Visa (V)

• Starbucks (SBUX)

• Snap Inc. (SNAP)

• First Solar (FSLR)

• PPG Industries (PPG)

• Booking Holdings (BKNG)

Wednesday, May 1

Before Open:

• Humana (HUM)

• Caterpillar (CAT)

• Vulcan Materials (VMC)

• Western Digital (WDC)

• Generac (GNRC)

• International Paper (IP)

• Hess (HES)

After Close:

• Microsoft (MSFT)

• Meta (META)

• Robinhood (HOOD)

• Qualcomm (QCOM)

Thursday, May 2

Before Open:

• Eli Lilly (LLY)

• Roblox (RBLX)

• CVS Health (CVS)

• Mastercard (MA)

• SiriusXM (SIRI)

• McDonald’s (MCD)

• Shake Shack (SHAK)

After Close:

• Amazon (AMZN)

• Apple (AAPL)

• Airbnb (ABNB)

📅 Friday, May 3

Before Open:

• ExxonMobil (XOM)

• Chevron (CVX)

• Cigna (CI)

• Wendy’s (WEN)

This article was written by Greg Michalowski at www.forexlive.com.

Crude oil futures settled $63.02. That’s up $0.23 or 0.37%.

For the trading week, the price fell -1.03%.. The high was at $64.83. The low was at $61.05. Last Friday the price closed at $63.68.

This article was written by Greg Michalowski at www.forexlive.com.

The EURUSD stretched higher in the US session, but after reaching a high price of 1.1388, and getting within four pips of its 200-hour moving average, buyers turned to sellers and have pushed the price back lower.

The current price is trading at 1.13727 after reaching a post-high low price of 1.1364.

Yesterday, the price moved briefly above the 200-hour moving average on three separate hourly bars, but momentum died after extending above five or fewer pips above that MA. Momentum could not be sustained.

At session lows today, the price approached the lows from Wednesday (two lows) near 1.13072. The low today reached 1.1314 before finding buyers.

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This article was written by Greg Michalowski at www.forexlive.com.

EU Commissioner Dombrovski is on the wires saying:

• Had cordial and candid meeting with United States Treasury Secretary Scott Bessent
• Reiterates that the EU is going to reach a mutually agreeable solution with US on tariffs.
• He also emphasized the need for continued support for Ukraine

This article was written by Greg Michalowski at www.forexlive.com.

Pres. Trump says:

• Will Not drop China tariffs unless they give us something
• Opening up China would be a big win
• We will have deals for others. We will set the tariff
• I noted there would be a transition
• Iran sitution is coming out well. The deal is simple…they can’t have a nuclear weapon.
• People are starting to understand how good tariffs are (HMMMM)

The NASDAQ index moved from 17385 to 17299. The price is currently trading at 17326, up 159 points or 0.92%

This article was written by Greg Michalowski at www.forexlive.com.

Pres. Trump is speaking and says:

• We will be reasonable on tariffs.
• Thinks markets are adjusting to tariff policy.
• Gaza came up with talk with than Yahoo. Told him to be good to Gaza and to take care of feeding in medicine for Gaza
• Iran situation going well. Dealing with highs levels in Iran

Trump is heading to Rome for the funeral of Pope Francis tomorrow. He also has said that many world leaders are looking to speak with him there.

This article was written by Greg Michalowski at www.forexlive.com.

Fed watcher, Nick Timiraos of the WSJ is tweeting that comments from Fed’s Hammack on Thursday are not really saying a June rate cut is forthcoming. The qualifier is “if”. Whenever there is an “if” it means a condition or more likely conditions still need to happen and they can be for than one, a couple or a few…

His full tweet:

This article was written by Greg Michalowski at www.forexlive.com.

• Oil rigs +2 to 483
• Nat. Gas +1 to 99
• Total rigs +2 to 587.

Crude oil is trading up $0.21 or 0.32% at $63.00 on the day.

This article was written by Greg Michalowski at www.forexlive.com.

The NASDAQ index is hitting new intraday highs, currently up 134.13 points (+0.78%) at 17,300.82. In the process, it has broken above a key target level at 17,238, which had served as support in mid-March (March 11, 13, and 14 — see red circles). The index is also trading above the April 9 high of 17,202.94, further strengthening the bullish case.

Looking ahead, the next major resistance is the 50% Fibonacci retracement of the decline from the December high, which comes in at 17,494.31. Beyond that, though not shown on the chart, is the falling 50-day moving average, currently at 17,732.54.

The S&P 500 is also higher, up 23 points (+0.42%) at 5,507.90. Yesterday, it climbed above its 200-hour moving average at 5,457.12, and is now extending gains above the 50% retracement of its pullback from the all-time high reached on February 20. That level, at 5,491.24, now acts as short-term support. Holding above it could pave the way for further upside momentum. Staying above the 200-hour MA is a risk level for buyers looking for more upside.

This article was written by Greg Michalowski at www.forexlive.com.