Happy Friday!
- Thaddeus Cummins
- Apr 9, 2021
- 1 min read
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"
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