Macro Outlook for Next Week: Markets Focus on Warsh's Federal Reserve Chair Nomination Hearing; US-Iran Tensions Rise Amidst Uncertainty in the Middle East

CoinFeed reported on April 18 that market expectations for a negotiated end to the conflict between the US and Iran continued to rise over the past week, with risk appetite surging further on Friday after the Iranian Foreign Minister announced the opening of the Strait of Hormuz. With the temporary ceasefire agreement between the US and Iran nearing its expiration, the geopolitical situation in the Middle East remains a key variable for the market. Market attention will also be focused on next week's confirmation hearing for Federal Reserve Chair candidate Warsh, as well as US retail sales data and preliminary April manufacturing PMI figures for Europe and the US.