From the Desk of Ian Culley @IanCulley
Price doesn’t move in a straight line.
Just don’t tell the US dollar, which has managed to post positive gains for 11 straight weeks.
But the US Dollar Index $DXY is sporting its deepest drawdown since mid-July – a mere 0.2% – as buyers catch their breath.
Five down days and counting have my attention, though it doesn’t shift my bullish bias for King Dollar.