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, US Federal Reserve, European Central Bank, and Bank of England - are expected to dominate the headlines 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 big tech firms, which could either bolster or undermine the current market sentiment. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with considerable momentum around the $78,000 level, but the Federal Reserve's decision to keep interest rates unchanged, coupled 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 could significantly influence the market trajectory, while developments in the US-Iran talks may impact sentiment through oil and dollar movements.