As April comes to a close, the markets are poised for a significant week ahead, with multiple macro events on the horizon. The monetary policies of four major central banks - the Bank of Japan, the US Federal Reserve, the European Central Bank, and the Bank of England - are set to be announced, potentially influencing the global economic landscape.
Additionally, a slew of US data releases, including first-quarter GDP and March PCE inflation, are expected, alongside earnings reports from prominent companies such as Visa, Mastercard, Robinhood, and major tech firms, which could either bolster or undermine the current market tone. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with substantial momentum, but the Fed's decision to maintain interest rates, coupled with persistent inflation, may lead to a short-term pullback to the $72,000-$74,000 range. Levin also emphasized the significance of tech giants' earnings and the US-Iran talks in shaping market sentiment, particularly through oil and dollar movements.