
All eyes are on the situation in the Middle East this week, after another deadline shift, while a raft of US inflation data could rattle markets.
Federal Reserve meeting minutes and two key inflation reports are due this week, as tension in the Middle East remains at boiling point.
Cryptocurrency markets rose on Monday morning following President Trump’s comments extended Iran’s deadline to open the Strait of Hormuz. He told Fox News on Sunday that he would “blow everything up” and “seize the oil” if they didn’t reach a deal by Tuesday.
It appears that President Trump has changed the deadline for US strikes on Iranian power plants for the fourth time, Notice Al Qubaisi’s message.
Economic events from April 6 to 10
The week begins with Monday’s ISM non-manufacturing data for March, providing a broader picture of the state of the economy. Tuesday is Trump’s latest deadline, which could lead to market volatility as Iran is unwilling to come to the negotiating table.
Wednesday’s Fed meeting could provide signals to cut interest rates or raise expectations as inflationary pressures increase again.
Thursday is a big data day with the third estimate of Q4 GDP data and February PCE inflation data, while Friday will see the March CPI inflation report and the University of Michigan Inflation Expectations data for April.
Weekly unemployment claims numbers are scheduled for Thursday, while Michigan’s preliminary consumer survey for April will be released on Friday.
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“The upcoming March CPI reading will show the initial impact of rising energy markets, even if the US is somewhat isolated by being a net oil and gas exporter,” AJ Bell analysts say. He said In a memo, according to the Wall Street Journal.
“Close attention will likely be paid to the core figure, which excludes volatile food and energy costs, to get an idea of whether the inflation problem is spreading more broadly throughout the economy.”
Main events this week:
1. Markets react to Trump’s ’48 hour warning’ – 6pm ET today
2. ISM Non-Manufacturing Data for March – Monday
3. Trump’s “Iran Power Plant and Bridge Day” – Tuesday
4. Federal Reserve Meeting Minutes – Wednesday
5. Inflation data for February – Thursday
6. The fourth quarter in the United States…
– Al Qubaisi Letter (@KobeissiLetter) April 5, 2026
Crypto market forecast
Markets rose nearly 2.4% over the past 24 hours, reaching a nearly two-week high of $2.45 trillion during Asian trading Monday morning.
Bitcoin led the trend, topping $69,000 again after a weekend in which it fell below $67,000. However, the price is still stuck inside a sideways channel that has been going on for two months.
Ether prices recovered $2,100 on Monday morning, but also remained stuck, facing heavy resistance in this price zone. De-escalation in the Middle East this week could provide a boost to cryptocurrency markets, but inflationary pressures are also weighing heavily on investment in riskier assets.
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