As April comes to a close, the markets are 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 shape the economic landscape.
Additionally, a slew 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 prominent tech firms. According to Markus Levin, co-founder of XYO, bitcoin is entering the week with significant momentum, but the Fed's 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 emphasized the importance of tech giants' earnings and the US-Iran talks in influencing market sentiment, particularly through oil and dollar movements.