As April comes to a close, the markets are poised for a significant week ahead, with a multitude of 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 be announced.
Additionally, a slew of US data releases, including first-quarter GDP and March PCE inflation, will be closely watched, alongside earnings reports from major companies such as Visa, Mastercard, Robinhood, and key tech players. According to Markus Levin, Co-founder of XYO, bitcoin is entering the week with strong momentum, but the potential for persistent inflation and a hawkish tone from the Fed could lead to a short-term pullback to the $72,000-$74,000 range.
Levin also emphasized the importance of tech giants' earnings and US-Iran talks in influencing market sentiment.