By Elwin de Groot, head of macro strategy at Rabobank

And now the end [to monetary tightening] is near … And so I face that final curtain …

My friend I'll say it clear … I'll state my case, of which I'm certain [– Christine Lagarde]

As we head into the weekend and gold prices just reached their highest level ever and the euro has slipped below 1.07 for the first time since November last year (perhaps also as some market participants worry about an imminent attack on Israel by Iran or its proxies), we may conclude that this week has proved to be the final nail in the coffin of synchronized central bank policy actions.

Not so long ago 'June' appeared to be the month for the two major global central banks. But in the last few weeks the Fed got it's 'itchy fingers' slapped by stronger-than-expected labor market and sticky (services) CPI data.