As April comes to a close, the markets are poised 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 - will be closely watched.
Additionally, a range of 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 key tech firms, which could either bolster or undermine the current market tone. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with considerable momentum around the $78,000 mark, but the Fed'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 noted that the earnings of tech giants will be crucial in determining the market's trajectory, given their substantial influence on equity markets, while the US-Iran talks will impact sentiment through oil and dollar movements.