As April comes to a close, the market is bracing for a series of significant macro events. The monetary policy decisions of four major central banks - the Bank of Japan, the US Federal Reserve, the European Central Bank, and the Bank of England - are expected to be announced this week.
Additionally, a range of key US data releases, including first-quarter GDP and March PCE inflation, will be closely watched, along with earnings reports from major companies such as Visa, Mastercard, Robinhood, and several prominent tech firms. According to Markus Levin, co-founder of XYO, bitcoin is entering the week with strong momentum, but the Fed's decision to keep interest rates unchanged, combined with persistent inflation, could lead to a pullback in the short term.
Levin also noted that the earnings reports of tech giants and developments in the US-Iran talks will be crucial in shaping market sentiment.