On a day devoid of any major economic data, the dollar gave back some of its gains. Tomorrow we are expecting the trade balance report, which should inject a bit of volatility in the markets.
Euro data lent little to reverse the overall decline in the overnight as inflationary suggestions from the world's largest economy trumped better than expected data from the European region.
In two days, the EUR/USD erased nearly all of the past month's gains. With expectations continuing to build up for an extremely strong non-farm payrolls report, traders are either squaring euro shorts or buying up dollars in anticipation of a good number.
Copyright 2026 Tiger Shark Publishing LLC . All rights reserved.
It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
Free Festival of Traders Videos
Currency
full story
printer version