Today, we experienced a very calm, yet extraordinarily unpredictable session. The dollar seems to have gained a lot of strength against a couple of major currencies.

It is, however, still true that, thanks to contradictory European data, the currency market is extremely unpredictable, with very little information to act on. This will probably continue till Wednesday, as te only important data release which could affect the dollar is Crude oil inventories. That is certainly worthwhile.

Trader´s diary: Two percent drawdown, not much progress from yesterday, as the European data releases weren´t offering a clear signal.
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