Happy Friday!

This is the Economic GPS Takeaway

I'm Thaddeus Cummins.

Today is October 1, 2021 Friday NY, NY, USA

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

The YEN Index ended the week mixed.

#Pandemic News

Merck's pill to treat COVID-19 reduced chance of hospitalization by 50% according to interim clinical trial data.

Source:

https://www.reuters.com/business/healthcare-pharmaceuticals/mercks-covid-19-pill-cuts-risk-death-hospitalization-by-50-study-2021-10-01/

#Climate News

If current market trajectories of solar, wind, and batteries are sustained, carbon emissions will be reduced by 50% by 2030.

Source:

https://www.worldwildlife.org/stories/the-good-news-about-climate-change

#Global Trade News

Supply bottlenecks dampened German manufacturing activity in August.

Source:

https://money.usnews.com/investing/news/articles/2021-10-01/supply-bottlenecks-dampen-outlook-for-german-manufacturers-pmys


#Economic Calendar News

Emerging and developing countries appear to be leading the way with the use of cryptocurrencies even though China has made crypto illegal.

Source:

https://www.theguardian.com/business/2021/oct/01/imf-warns-of-global-risks-from-unregulated-cryptocurrency-boom

#Technical USD/JPY

USD/JPY is on a downward trend heading into the weekend.

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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