Market Update

Fed Beige Book: most districts report modest economic expansion, price pressures little changed overall; housing market remained weak; pay increases generally moderate overall; most districts showing expansion in labor market

In the Beige Book, most districts reported moderate growth, but several "noted some slowing". This is a softer tone than the last (Jan 17) Beige Book.

EURUSD Grinding higher after the report, but still need to see a break of 1.3260 for accelerated upside and a test of the 2007 highs.