Happy Friday!

This is the Economic GPS Takeaway

I'm Thaddeus Cummins.

Today is April 23 Friday 10:00 AM NY, NY, USA

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

USD/JPY dropped into a steeper downward trend overnight to 107.57. GPB/JPY testing 149.149 and EUR in a downward trading pattern at 129.829. USD/JPY and GBP/JPY have no recent fractal supports. EUR/JPY is a thicket of fractals.

#Pandemic News

European Commission President Ursula von der Leyen plans to purchase 1.8 billion Pfizer doses in the largest coronavirus vaccine transaction to date. The purchase is part of a plan to vaccinate 450 million Europeans over the next two years. Goal is to inoculate 70% of Europeans by July.

#Climate News

At the second day of the White House global summit US President Biden touted innovation as the route to more jobs in clean energy fields.

#Global Trade News

Abu Dhabi ports receive a first-time ‘A+’ rating.

#Economic Calendar News

US manufacturing index reports robust and improving expansion in new orders, output, employment, delivery times and stocks of purchases. Russia raises key rate to 5% in the face of inflation and geopolitical risks.

#Technical USD/JPY

USD/JPY dropped through the lower channel boundary in overnight trading. Rose in early Wall Street trading to reenter downward channel and then dropped through fractal again outside of bollinger bands. Bottomed out the relative strength index into a downward hammer at 107.57 on the one-hour chart.

This is Thaddeus Cummins looking forward to your continued success. Good day!

Thaddeus Cummins

"Meditate on the Good. The Math will Follow"