🚨 The market is moving as if the rate has increased, Be careful, it's a game.

#USD #Gold

#Stocks rebound after hawkish Fed sell-off on Iran deal hops

#USD 🔺 extends gains on hawkish Fed and good retail sales

#EUR 🔻 tumbles on weaker current account

#GBP 🔻 BoE leaves rates steady, stronger jobs data

#CHF 🔻 SNB leaves rates unchanged

#NZD 🔻 tumbles despite stronger GDP

🚨 United States Weekly Unemployment Insurance Claims Index

Actual 226K🔺
Expected 225K
Previous 229K

🚨 Continuing Unemployment Claims Index
Actual 1810K🔺
Expected 1800K
Previous 1795K

🚨 Philadelphia Business Index Monthly Changes for June

Actual 10.3🔺
Expected 10
Previous number -0.4

Iran has reportedly suspended the entire 60-day negotiation period with the US, citing Israeli attacks on southern Lebanon as a breach of the MOU’s first clause, less than 24 hours after signing.

Iran’s delegation was preparing to depart for Switzerland before the trip was called off, and talks remain suspended until Israeli attacks stop and the US adheres to first-clause obligations.

#Stocks 🔻 Iran-US ceasefire at risk with today's Swiss talks canceled

#USD 🔄 US stock markets closed for Juneteenth holiday

#CAD 🔻 weaker retail sales

#GBP 🔺 stronger retail sales

#JPY 🔺 stronger inflation data

#NZD 🔻 tumbles on weaker trade

THE STRAIT OF HORMUZ HAS BEEN CLOSED!

OIL WILL GAP UP TOMORROW NIGHT

🚨 JUST IN: Trump says Iran will not impose tolls on vessels in the Strait of Hormuz for 60 days.

He states there will be no tolls during the ceasefire period and none afterward unless imposed by the US.

🚨 US issues Iran a general license for oil trade through August 21

The US has authorized the production, delivery, and sale of Iranian-origin oil, petrochemical, and petroleum products until August 21. This marks the official return of Iranian oil to global markets for the first time since 2018.

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💱 Global Rate Cut Cycle Ends as Central Banks Balance Hikes and Cuts

In May, 26 central banks hiked rates and 26 cut rates among 52 worldwide, ending two years of more cuts than hikes each month.

The last balance was in early 2021 before three years of restrictive policy. The gap peaked mid-2022, with 28 more hikes than cuts.

Last week, the European Central Bank raised rates by 25 basis points to 2.25%, its first hike since September 2023. On Tuesday, the Bank of Japan raised rates by 25 basis points to 1.0%, the highest since 1995.

These moves signal the start of a global tightening cycle.

$1 trillion erased from the stock market today as the dollar index $DXY hits a 13-month high.

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Most losses come from trying to force a trade that was never there.

🚨 #US Macroeconomic Data:
- PCE Price Index (May):
- m/m: 0.4% (forecast: 0.5%; prior: 0.4%)
- y/y: 4.1% (forecast: 4.1%; prior: 3.8%);
- Core PCE (y/y): 3.4% (forecast: 3.4%; prior: 3.3%);
- Initial Jobless Claims: 226K (prior: 226K);
- GDP (Q1): 2.1% (prior: 0.5%) #macro

🚨 JUST IN: 🇺🇸 US revises Q1 GDP growth up to 2.1% from 1.6%.

U.S. INFLATION HITS 3-YEAR HIGH

U.S. inflation climbed to 4.1% in May, its highest level in more than three years, while consumer spending rose 0.3%, showing resilient demand. First-quarter GDP was also revised higher to 2.1%. The stronger data is likely to reinforce expectations that the Federal Reserve will raise interest rates later this year.

🚨 JUST IN: Iran proposes charging service fees for ships passing through the Strait of Hormuz, with revenue shared among Gulf countries.

Iran estimates these fees could generate around $40 billion annually.

🚨 BREAKING: More economists are forecasting Fed rate hikes than cuts for the first time since 2023, per Reuters