As April comes to a close, the markets are poised for a significant week ahead, with multiple macro events on the horizon. The interest-rate 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. Additionally, a series of key US data releases, including first-quarter GDP and March PCE inflation, are scheduled, alongside earnings reports from major companies such as Visa, Mastercard, Robinhood, and prominent tech firms. According to Markus Levin, co-founder of XYO, bitcoin is entering the week with substantial momentum, but the Federal Reserve's expected decision to maintain interest rates, combined with persistent inflation, may lead to a short-term pullback to the $72,000-$74,000 range.
Levin also noted that the earnings reports of tech giants will be crucial in determining the market's trajectory, while developments in US-Iran talks will impact sentiment through oil and dollar movements.