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Friday, April 28, 2017

Chicago April PMI 58.3 vs 56.2 exp

Better than expected and prev. There is early release to subscribers and there was chatter just prior of 58.3 so maybe not such a great surprise upon release.

The Chicago Purchasing Managers' Index (PMI) determines the economic health of the manufacturing sector in Chicago region. A reading above 50 indicates expansion of the manufacturing sector; a reading below indicates contraction. The Chicago PMI can be of some help in forecasting the ISM manufacturing PMI.
EURUSD holding 1.0900 as we head into options expiry time at the top of the hour.

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