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  • Dollar index logs 6th straight day of gains

    From marketwatch.com

    The dollar strengthened against its main rivals in light trading as most markets in Europe and the U.S. were closed in observance of the Good Friday holiday. The greenback USDJPY, +0.22% recently traded at ¥113.08, logging a slight weekly gain after seeing its largest decline against the yen in a month last week. By comparison, the buck traded at ¥112.79 late Thursday in New York. The buck added to its gains after a third estimate of U.S. fourth quarter gross domestic product was revised to show 1.4% growth, up from 1% in a previous reading. The ICE U.S. dollar index DXY, +0.09% a measure of the dollar’s strength ... (full story)

The title of this article is misleading(as are most articles on here)....it might have been 6 straight days of gains, but they were small gains...nothing to get excited about.

Happy Easter!
what are u talking about it has retrace more than half of the loss since FOMC
Quoting gzforex20
what are u talking about it has retrace more than half of the loss since FOMC

In 6 days that's all it has retraced??? It only took the Euro 1 hour to retrace over 100% after the ECB rate cute. But in 6 day's the USD has only retraced a little more than 50%. I hope it makes sense now.
And I think it's just the beginning
Come with me if you want to live....
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  • Posted: Mar 25, 2016 3:27pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 3,869