GDP may have been a bit better than expected but Chicago PMI wasn’t to pretty. It fell to 33.3 in January from 35.1 in December. New orders fell as well (30.7), as did employment (34.8). 50 is breakeven in these diffusion indexes, so the numbers are pretty dreary.
EUR/USD is holding up, trading in the 1.2890 area after a pop to 1.2902.
