💱 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.
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.
You don’t need to catch every move.
You need to wait for your setup.
Most losses come from trying to force a trade that was never there.
You need to wait for your setup.
Most losses come from trying to force a trade that was never there.
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.
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.
Iran estimates these fees could generate around $40 billion annually.
All the successful day traders that I know have been through hell and back.
They have been in positions where 95% of people would have quit.
Years of blown accounts, high stress, pain and suffering.
However, this is what builds the character required to be a successful trader.
They have been in positions where 95% of people would have quit.
Years of blown accounts, high stress, pain and suffering.
However, this is what builds the character required to be a successful trader.
🚨 BREAKING: More economists are forecasting Fed rate hikes than cuts for the first time since 2023, per Reuters
🚨 JUST IN: Trump accuses Iran of a "foolish violation" of the US-Iran ceasefire agreement after Iran fired at least four one-way attack drones at ships in the Strait of Hormuz.
Trump condemned the drone attacks as a breach of the ceasefire deal between the two countries
Trump condemned the drone attacks as a breach of the ceasefire deal between the two countries
🚨 JUST IN: US Military has conducted new strikes near the Strait of Hormuz.
This is the first US strike in the region since the signing of the “Memorandum of Understanding.”
This is the first US strike in the region since the signing of the “Memorandum of Understanding.”
Trump announces new US military strikes on Iran and warns Iran will no longer exist if the US can no longer be reasonable.
JUST IN: AI bubble could trigger a global financial crisis soon, central bankers warn.
It's a Blessed week already 💯
May this week be great and profitable for us all 🙏
May this week be great and profitable for us all 🙏
🙏2
⚠️ Key Events This Week
It's a shortened trading week, but there's still plenty to watch. The June Jobs Report takes center stage, while markets will also stay sensitive to any headlines around the Strait of Hormuz and the broader Middle East situation.
🟡Tuesday
● May JOLTS Job Openings
● June CB Consumer Confidence
JOLTS measures labor demand across the economy, while consumer confidence shows how households view current and future economic conditions.
🟡Wednesday
● June ISM Manufacturing PMI
This report gives a fresh read on manufacturing activity and business conditions. Markets will watch for signs of stronger growth or further slowdown.
🔴 Thursday
● June Jobs Report
The key release of the week. Payrolls, unemployment, and wage growth will shape expectations for the Fed and likely drive the biggest market moves.
⛔Friday
● US Markets Closed for Independence Day
Main focus: Thursday's Jobs Report, with Iran-related headlines remaining the key wildcard.
It's a shortened trading week, but there's still plenty to watch. The June Jobs Report takes center stage, while markets will also stay sensitive to any headlines around the Strait of Hormuz and the broader Middle East situation.
🟡Tuesday
● May JOLTS Job Openings
● June CB Consumer Confidence
JOLTS measures labor demand across the economy, while consumer confidence shows how households view current and future economic conditions.
🟡Wednesday
● June ISM Manufacturing PMI
This report gives a fresh read on manufacturing activity and business conditions. Markets will watch for signs of stronger growth or further slowdown.
🔴 Thursday
● June Jobs Report
The key release of the week. Payrolls, unemployment, and wage growth will shape expectations for the Fed and likely drive the biggest market moves.
⛔Friday
● US Markets Closed for Independence Day
Main focus: Thursday's Jobs Report, with Iran-related headlines remaining the key wildcard.
Gold remains under pressure as a strong US dollar and hawkish Fed expectations weigh on prices.
Central bank speeches and US payrolls data could determine gold’s near-term direction.
Gold’s technical outlook stays bearish unless prices reclaim key resistance above $4,100
Central bank speeches and US payrolls data could determine gold’s near-term direction.
Gold’s technical outlook stays bearish unless prices reclaim key resistance above $4,100
🚨 JUST IN: Iran denies Axios’ report of US-Iran technical talks in Doha this week, stating meetings will occur only after frozen funds are released and Israel ends operations in Lebanon.
😂😂😂😂
😂😂😂😂
https://x.com/i/status/2071674527071834520
Here is your chance to win a $100k E8 PRO account.
3X $100k up for grab
Get in, this might be your chance to win big.
Here is your chance to win a $100k E8 PRO account.
3X $100k up for grab
Get in, this might be your chance to win big.
X (formerly Twitter)
PRIME (@PRIME_3RADE) on X
🚨 GIVEAWAY ALERT 🚨
3 traders will win a $100K E8 Pro Account🔥
- Like & retweet this post
- Follow @PRIME_3RADE
- Follow @E8Markets
- Follow @E8Affiliates
- Comment below why you should win.
You still have 48hrs to save up to 40% OFF all E8 PRO accounts…
3 traders will win a $100K E8 Pro Account🔥
- Like & retweet this post
- Follow @PRIME_3RADE
- Follow @E8Markets
- Follow @E8Affiliates
- Comment below why you should win.
You still have 48hrs to save up to 40% OFF all E8 PRO accounts…
🚨 JUST IN: U.S. private employers added 98,000 jobs in June, below the 118,000 forecast.