Prior month +14. Unrevised.
- The Richmond Fed manufacturing index came in at 14 vs estimate of 10.
- Last month was 14.
- The Services index came in at 22 vs 12 last month.
- Manufacturing shipments came in at 8 vs 13 last.
- New orders 17 vs 18 last month
- Employment 17 vs 10 last month
- Workweek 10 vs 9 last month
- Wages 18 vs 17 last month
- Backlog orders 11 vs 11 last month
A little better than expectations. The index remains above the 0 line (been above since October 2016). However, it is below the 2017 peak at 19 from February and is unchanged from the prior month.
The USDJPY spiked higher and traded above the 100 hour MA and the 38.2% retracement at 109.48-49 (high reached 109.538), but has quickly reversed lower.
