This is the Economic GPS Takeaway
I'm Thaddeus Cummins.
Today is May 12 Wed 10:00 AM NY, NY, USA
#Yen Index - USD/JPY, GBP/JPY, EUR/JPY
USD, GBP and EUR YEN pairs climb despite inflation concerns.
Spain sees tourism rebounding to 45 million after pandemic slump.
The U.S. Mexico Canadian Agreement (USMCA) quietly replaced NAFTA in 2020. "The most comprehensive, enforceable labor and environmental standards of any U.S. trade agreement" said U.S. Trade Representative Katherine Tai.
#Global Trade News
U.S. Trade Representative Katherine Tai said she will partner with the Mexican government to try to "prevent a race to the bottom" for U.S. and Mexican workers' wages and safety.
#Economic Calendar News
U.K. GDP reports better than expected at 1.7%. Germany's inflation steady at 2% as US inflation increased to 4%.
#Technical USD/JPY on the One Hour Chart
USD/JPY pair reaches 109.3 again outside bollinger bands and pushing relative strength index above 80 on one hour chart.
This is Thaddeus Cummins looking forward to your continued success, Good day!
"Meditate on the Good. The Math will Follow"