The US dollar is such a strong currency amongst its pairs.Despite the terrible global economic woes,the dollar has continued to enjoy confidence/sentiment among traders as against the euro,chf,pound etc.Head or tail,the dollar remains a safe haven for traders.A typical example is the RETAIL SALES released earlier in the day,within 30mins into the release,the dollar had gained almost 100pips against the pound,that only left me wondering the risk news traders take since they take action immediately.
Today,i raked in 150pips each in my 3 accounts on the GBP/USD pair in a sell position entered yesterday.Frankly,i have consistently continue to buy the dollar since Feb,2010 even when my system gives a sell signal,rather i will stay aside.
What is the force behind the dollar strength,is it the continued claim that the US is gradually coming out of recession,after all,that is still a speculation as there are key areas of America's economy that are yet to get back to normal,i wish i have a concrete reason for the trust in the dollar?
Today,i raked in 150pips each in my 3 accounts on the GBP/USD pair in a sell position entered yesterday.Frankly,i have consistently continue to buy the dollar since Feb,2010 even when my system gives a sell signal,rather i will stay aside.
What is the force behind the dollar strength,is it the continued claim that the US is gradually coming out of recession,after all,that is still a speculation as there are key areas of America's economy that are yet to get back to normal,i wish i have a concrete reason for the trust in the dollar?