Market is not random but unpredictable
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Equities Give Back Gains, ‘Risk On’ Not Over?
The groovy mood dominating the equity space failed to extend on Tuesday as the S&P 500 continues to struggle taking out a key decision point in the form of the upper bound of its daily range just short of 3,000.00. The jury is therefore still out there. This topside failure in equities led to a hiccup in ‘risk on’ flows late on the day, yet there are a number of currency charts off a 4-hour angle still supporting the idea that buyers will have more goes. It is also suspiciously intriguing that AUD/JPY is breaking higher. The culprit behind the latest change of hearts in the equity market,as Statnews reports, is ... (full story)