Happy Friday.

Updated: Mar 22, 2021


This is the Economic GPS Insight Report

I'm Thaddeus Cummins

Today is Mar 12 Friday 10:00 AM NY, NY, USA

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

The US dollar climbs to 109 versus the Yen as the British sterling climbs to 152 and then drops back to 151.5. The Euro is in a trading pattern versus the Yen near 130. Price action suggests central banks are not immediately concerned about inflation potential of US $1.9 trillion relief package. Initial actions taken by the global senate of central banks support US relief expenditures.

#Pandemic News

As more US governors start opening their states' economies trends suggest COVID could be whipped by summer 2021.

#Climate News

Hawaii flooding requires evacuations and officials believe this is climate change. City of San Antonio sues Texas power grid operator for excessive billing after climate cold snap.

#Trade News

Wealthy countries use resources more efficiently and are endowed with natural resources unique to their land, labor, and know-how. The geopolitics of shipping and resource use will shape global trade as China and India are growing faster than western powers.

#Economic Calendar News

Good news heading into the weekend with US consumer confidence strong and Canadian employment much better than expected. German inflation is flat and England's GDP is showing improvement.

#Technical USD/JPY on the One Hour Chart

MACD forming bear cross with price action remaining above 200 day moving average and short hammers with USD/JPY resting at 109 fractal.

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"

1 view0 comments

Recent Posts

See All