Hard to get too excited, especially given the tepid pace of US growth in the latter part of 2012 but today’s US data has been pretty upbeat. Claims fell sharply but it should be noted that there was a Federal holiday in the mix, so sometimes the numbers get a bit skewed. The Markit US flash PM was much firmer than expected, a bright spot headed into the ISM early next month.
EUR/USD is firm within recent ranges just begging to trip weak stops above 1.3360. Heavy resistance likes in the 1.3400/05 area. Stops start around 1.3410.