Sometimes watching global financial news feels like watching a large reality show, each segment more dramatic than the last.

The latest plot twists are here:

The Federal Reserve may start a rate cut mode in September.

The Bank of England has also 'surrendered', possibly starting to ease in August.

Federal Reserve Chairman Powell may face 'dismissal'.

1: Deutsche Bank: Expectations for a Federal Reserve rate cut in September are rising. Deutsche Bank recently released expectations stating that the Federal Reserve is likely to initiate its first rate cut in September.

The underlying logic is not complicated: U.S. inflation has been declining, with June's CPI year-on-year at only 2.7%, returning to the 'twos'; the job market is moderately cooling, not out of control nor overheating; and the financial market's patience with 'high interest rates' is wearing thin.

In other words, the Federal Reserve is about to achieve a 'soft landing', rather than continuing to 'hover' at high altitudes.

If there is indeed a rate cut in September, the dollar index may enter a new downward cycle. This would be a medium-term positive for assets like gold and BTC.

2: The Bank of England also cannot hold out, possibly cutting rates in August. The Bank's stance is quietly changing.

Recent data shows that the UK unemployment rate is rising and wage growth is slowing, indicating that the labor market is 'cooling off'.

This is a reassurance for the Bank of England, which has been worried about inflation.

Therefore, multiple institutions expect that the UK may start its rate cut cycle in August, making it the second major central bank in the world to 'press the rate cut button'.

It is worth noting that under this backdrop, the pound may come under pressure, while providing support for safe-haven assets.

3: Is Powell being replaced? Federal Reserve Chairman Powell may be replaced by the Biden administration.

Although this is currently just political noise, it is not without basis.

Powell is too slow and cautious, which is the real complaint of some Democrats.

If Powell is indeed replaced, the Federal Reserve's policies will undergo more radical changes. At that time, the market's pricing models will need to be completely redone.

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