XAUUSD 1 HOUR
Pattern: 6 day trade around 4800 so far broken (bearish)
So, expect a limited upside while below 4800 (high 4772)
On the downside, pause above 4632 (low 4668) and subsequent bounce means damage not fatal
Bottomline: Hard call with little to go for between 4668-4797 so keep an eye on whether correlation with risk mood continues.

Forex Market Snapshot
The dollar is trading marginally weaker with so far limited follow through as global markets trade defensively awaiting developments from the Middle East.

April 20 Earnings Release Stocks
(BOKF) BOK Financial Corporation reported Q1 2026 net income of $155.8 million driven by strong loan growth and stable credit quality. . Sales increased by 9.7% year-over-year to $553.8 million. GAAP earnings per share were $2.58, and net interest income reached $342.6 million.
(WTFC) Wintrust Financial Corp reported quarterly adjusted earnings of $3.22 per share for the quarter ended March 31, up from $2.69 per share in the same quarter last year. Revenue increased by 10.9% to $713.17 million compared to the previous year.
(WASH) Washington Trust Bancorp, Inc. reported first-quarter 2026 net income of $12.6 million, or $0.66 per diluted share, compared to $15.97 million ($0.83 per diluted share) in the previous quarter. The stock rose 9% to $32.90 in pre-market trading on Tuesday, and as of Monday’s close, shares were up 22% year-to-date.
April 20 Earnings Release Stocks
(CLF) Cleveland-Cliffs Inc. reported an adjusted EBITDA of $95 million for Q1 2026, with shipments totalling approximately 4.1 million tons. The company maintained its full-year shipment guidance of 16.5 to 17.0 million tons and its capital expenditure estimate of around $700 million.
(NNOX) NANO-X IMAGING LTD reported a 23% year-over-year increase in Q4 2025 revenue, driven by expanded commercial deals. The company is targeting $35 million in revenue for 2026, with the majority of growth expected in the second half of the year as deployments accelerate.
(STLD) Steel Dynamics, Inc. reported Q1 2026 sales of $5.205 billion and GAAP net income of $403.4 million ($2.78 per share). The company achieved record shipments of 3.6 million tons with an average selling price (ASP) of $1,193 per ton and scrap costs at $396 per ton. Operating income totalled $538 million, while adjusted EBITDA was approximately $700 million.
Whatever the trigger (e.g. this headline), spike in oil has dragged down stocks (US500 tested 7089) and pushed up the USD (EURUSD tested pivotal 1.1750).

US500 (SP500) 4 HOUR
What caught my eye was the break of the record 7150 high yielded only 2 pips (new high 7152), indicating it ran into sellers rather than stops. So far, it has only caused a pause but bears watching given the importance of the “50” level.
To keep the focus on the high, 7089-7119 needs to hold.

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