This is the Economic GPS Takeaway
I'm Thaddeus Cummins.
Today is May 13 Thursday 10:00 AM NY, NY, USA
#Yen Index - USD/JPY, GBP/JPY, EUR/JPY
GBP/JPY pair trading at 153.8 with 200 MVA below. EUR/JPY showing hammers and railroad candles. USD/JPY is technically high in the saddle above 200 MVA. Strongest fractals at 109.425 and 109.9.
Consumers spending more as covid restrictions are eased in the U.K.
The think tank Center for American Progress said on Tuesday that the US Federal Reserve should bolster banks' capital for unknown and large climate change costs.
#Global Trade News
U.S. waives 1920 Jones Act requiring only domestically made ships and crews to ship between the gulf and east coast. Foreign ships may transport gasoline and diesel to alleviate fuel constraints from the Colonial pipeline shutdown.
#Economic Calendar News
U.S. producer price index (PPI) rose to .06 in April. PPI tracks goods and services including food, energy, transportation and warehousing prices.
USD/JPY forming a pennant.
This is Thaddeus Cummins looking forward to your continued success. Good day!
Thaddeus N. Cummins
"Meditate on the Good. The Math will Follow."