Philly Fed comes in a touch better but New Orders down

Written March 18, 2010 at 10:02 AM EST by  

Index comes in at 18.9 vs 18.0 expectation but New Orders are down to 9.3 from 22.7. Future index is stronger however.  USDJPY moves up then down.  Holds 100 hour MA resistance.

gregmike-00894

FACTORY INDEX AT 18.9 VS 17.6 last month
 PRICES-RECEIVED AT -0.4 VS 3.7 last month
 EMPLOYMENT INDEX AT 8.4 VS 7.4 last month
 PRICES-PAID INDEX AT 38.6 VS 32.4 last month
 NEW ORDERS INDEX AT 9.3 VS 22.7 last month
 FUTURE INDEX AT 52.0 VS 35.8 last month

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