Philly Fed, one of the first looks at March data, shows a modest improvement. The index is at -35 from- 41 last month.
Leading economic indicators fell 0.4% but were better than the expected 0.6% decline.
Stocks remain in the red after the data and EUR/USD is consolidating earlier gains. Looks like the topside fireworks may be done for today and now a period of retrenchment needs to unfold.
