Happy Friday!

This is the Economic GPS Takeaway

I'm Thaddeus Cummins

Today is April 9 Friday 10:00 AM NY, NY, USA

#Yen Index - USD/JPY, GBP/JPY, EUR/JPY

GBP, USD and EUR track each other in agreement using the JPY as a basis. All three display head and shoulders.

#Pandemic News

The pandemic appears to have increased the wealth gap. Inequality of wealth is a risk factor to economic health.

#Climate News

Texas lawmakers are debating a bill that would directly assign grid stability costs to renewable power providers. Are they blaming the recent power grid failure on renewable power producers?

#Trade News

Fed Chair Jerome Powell debates the global economy with members of the International Monetary Fund (IMF) and the World Trade Organization (WTO).

#Economic Calendar

Canada reports improving employment with a fall in unemployment.

#Technical USD/JPY Asian and European report

The USD/JPY trend was long during Asian and European trading. The pair hit the 200 day moving average and bounced lower in early US trading.

This is Thaddeus Cummins looking forward to your continued success and don't forget to be awesome. Good day!

Thaddeus Cummins

"Meditate on the Good. The Math will Follow"