As April comes to a close, the market is poised for a significant week ahead, with multiple macroeconomic events on the horizon. 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 market landscape. Additionally, a slew of key US data releases, including first-quarter GDP and March PCE inflation, are scheduled, 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 substantial momentum, but the Federal Reserve's expected 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 influencing market sentiment, particularly through oil and dollar movements.