Market is not random but unpredictable
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US dollar bruised by majors as optimism returns
Investors have marched into June with a renewed appetite for risk after President Donald Trump’s response to China's new law reining in Hong Kong was not as bad as initially feared. It looks like market players are dumping in favour of riskier currencies amid the growing optimism and this continues to be reflected across the G10 space. With the mighty Dollar entering the new trading month clearly on the wrong side of the bed, could weakness be a dominant theme over the next few weeks? image The Dollar Index (DXY) daily chart is certainly worth one thousand words. Prices are under pressure with bearish investors ... (full story)