As April comes to a close, the markets are poised for a significant week, 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's trajectory.
Additionally, a range of US data releases, including first-quarter GDP and March PCE inflation, will be closely watched, along with earnings reports from prominent companies such as Visa, Mastercard, Robinhood, and major tech firms. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with strong momentum, but the persistent inflation and the Fed's expected decision to keep rates unchanged could lead to a 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.