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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.

#Trade News

China exports less than last year exports with rising imports of raw materials. Chili’s copper exports up 70%.

#Climate News

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.

#Pandemic News

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.

#Technical USD/JPY

USD/JPY continues downward trend with no technical conviction for change.

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

Thaddeus Cummins

"Meditate on the Good. The Math will Follow."

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