Core Viewpoint - The global monetary policy has entered a loosening cycle, with several central banks, including those of Indonesia, the US, Canada, the UK, and Japan, announcing interest rate changes in a short period, prompting discussions on investment opportunities in this environment [2]. Group 1: Central Bank Actions - Indonesia's central bank lowered its benchmark interest rate by 25 basis points to 4.75% on the 17th [2]. - The Bank of Canada also reduced its rate by 25 basis points to 2.5% on the same day [2]. - The Federal Reserve announced a 25 basis point rate cut [2]. - The Bank of England maintained its rate at 4% on the 18th [2]. - The Bank of Japan kept its rate unchanged at 0.5% on the 19th [2]. Group 2: Investment Opportunities - The program features discussions with economists from UBS, Oxford Economics, and Fitch Solutions, focusing on potential investment opportunities during the global easing cycle [2].

Group 1 - The global monetary policy has entered a loosening cycle, with central banks from Indonesia, the US, Canada, the UK, and Japan announcing interest rate cuts or maintaining rates [1] - Indonesia's central bank lowered its benchmark rate by 25 basis points to 4.75%, while the Bank of Canada also cut its rate by 25 basis points to 2.5% [1] - The Federal Reserve announced a rate cut of 25 basis points, while the Bank of England maintained its rate at 4% and the Bank of Japan kept its rate at 0.5% [1] Group 2 - The article discusses potential investment opportunities during the global loosening cycle, highlighting insights from economists in Tokyo, Singapore, and New York [1] - The focus is on identifying markets that may be more attractive for investment amid the changing monetary policies [1]

Core Insights - The global "Super Central Bank Week" has concluded with significant interest in monetary policy decisions from various central banks around the world [2] Group 1: Central Bank Decisions - Indonesia's central bank lowered its benchmark interest rate by 25 basis points to 4.75% on the 17th [2] - The Bank of Canada also reduced its rate by 25 basis points to 2.5% on the same day [2] - The Federal Reserve announced a 25 basis point rate cut [2] - The Bank of England maintained its rate at 4% on the 18th [2] - The Bank of Japan kept its rate unchanged at 0.5% on the 19th [2] Group 2: Global Monetary Policy Trends - Despite differing economic environments and policy priorities, global monetary policy is entering a period of easing [2] - The discussion includes potential investment opportunities during this global easing cycle, with insights from economists in Tokyo, Singapore, and New York [2]

Core Viewpoint - The global monetary policy is shifting towards a loosening cycle, with central banks in various countries, including the U.S., Indonesia, Canada, the UK, and Japan, announcing interest rate decisions that reflect this trend [1][12]. Summary by Sections Interest Rate Decisions - The Federal Reserve announced a 25 basis point reduction in the federal funds rate target range to 4.00% to 4.25%, marking its first rate cut since 2025 [1][12]. - The decision aligns with market expectations, but the reasons behind the cut are debated, with factors including economic data and political pressure from the Trump administration [1][2]. Economic Indicators - The labor market shows signs of weakness, with significant downward revisions to non-farm payrolls, approximately 900,000 jobs adjusted [3][4]. - Current core inflation is around 3%, which remains above the Fed's target of 2%, complicating the monetary policy landscape [4][6]. Political Influence - The Trump administration's pressure on the Federal Reserve is a new variable affecting monetary policy decisions, with the President publicly criticizing Fed Chair Jerome Powell for being slow to act [2][5]. - The influence of political factors is expected to persist as long as Trump remains in office, potentially leading to further rate cuts if economic conditions align with his objectives [5][12]. Market Reactions - The market is currently in a bullish trend, benefiting from the Fed's decision to cut rates, which is expected to release liquidity and favor risk assets, including cryptocurrencies [8][9]. - However, if inflation rises significantly, it could lead to a rapid market downturn, highlighting the delicate balance the Fed must maintain [8][9]. Future Outlook - The potential for additional rate cuts depends on economic data performance and the ongoing political pressure from the Trump administration [9][10]. - Other major central banks are likely to maintain their policies based on regional data rather than directly following the Fed's decision [11][12].

Group 1 - The core viewpoint is that expectations for a 50 basis point rate cut by the Federal Reserve in September are rising, which, combined with weak economic data and potential policy shifts, is expected to significantly boost gold prices [3] - A rate cut will lower the dollar and real interest rates, enhancing gold's appeal as a non-yielding asset, while economic uncertainty and potential stagflation risks will further increase safe-haven demand [3] - If the Federal Reserve cuts rates more than expected, gold prices may enter a new upward trend; however, if the policy measures fall short of expectations, a short-term technical correction may occur [3] Group 2 - Gold prices experienced a slight rebound, reaching a peak of $3370 per ounce before closing at $3355.90, with a gain of 0.24% [1] - The current trading price of gold is around $3365 per ounce, with a focus on a potential target of $3378, and a strategy of low buying is recommended [5] - The analysis suggests that if gold breaks above $3378, it could continue to rise towards $3385, while a protective stop is advised at $3355 [5]

Group 1 - The European Central Banks of Switzerland, Sweden, and Norway have announced interest rate cuts, indicating a deepening global monetary easing cycle in response to slowing economic growth and easing inflation pressures [1][3] - The Swiss National Bank (SNB) lowered its benchmark interest rate by 25 basis points to 1.25%, marking its second rate cut this year, as inflation fell below 2% [3] - The Riksbank of Sweden reduced its policy rate from 4% to 3.75%, suggesting potential further cuts if inflation continues to decline [3] Group 2 - The Norges Bank of Norway did not immediately cut rates but indicated a possible rate cut in the first quarter of 2025, reflecting a shift towards a more dovish stance [3] - The Federal Reserve and the Bank of Japan have not yet followed suit, highlighting a divergence in monetary policy among major economies [3][4] - The Bank of England maintained its rate at 5.25%, but internal voting showed an increasing dovish sentiment, with expectations of a potential rate cut in August [3] Group 3 - The synchronized actions of the three European central banks may compel the Federal Reserve to reassess its policy stance, especially if U.S. inflation rebounds [4] - The current global monetary policy shift occurs amid weak economic recovery and unresolved geopolitical conflicts, necessitating careful balancing between stimulating growth and preventing inflation [4] - Key factors influencing future policy directions will include inflation data, labor market performance, and geopolitical developments [4]