This is the Economic GPS Takeaway
I'm Thaddeus Cummins.
Today is June 7 Monday 10:00 AM NY, NY, USA
#Yen Index - USD/JPY, GBP/JPY, EUR/JPY
Yen index reflects 60% of global GDP. The EUR/JPY pair is up with GBP/JPY in an upwards trend with lower lows and lower highs as the USD/JPY continues downward pattern.
China exports less than last year exports with rising imports of raw materials. Chili’s copper exports up 70%.
The new International Sustainability Standards Board (ISSB) aims to replace a patchwork of voluntary guidance with a single set of global norms for firms reporting the impact of climate change on their business. First draft of global sustainability standards due Summer of 2022.
A Swiss Parliament committee says the government failed in handling the COVID pandemic. Failures in testing, protecting the vulnerable and clear responsibility are top areas that need improvement.
#Economic Calendar News
Supply chain disrupts German production orders.
USD/JPY continues downward trend with no technical conviction for change.
This is Thaddeus Cummins looking forward to your continued success. Good day!
"Meditate on the Good. The Math will Follow."