As April comes to a close, markets are bracing for a multitude 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 - are expected to shape the week ahead. Additionally, a slew 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, and Robinhood. According to Markus Levin, Co-founder of XYO, bitcoin is poised to start the week with strong momentum, but the persistent inflation and the Fed's expected decision to maintain interest rates could lead to a short-term 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, particularly through oil and dollar movements.