There has been a notable resurgence in risk-on dynamics that has resulted in violent gyrations in favor of the Pound, the Aussie and the Kiwi. On the contrary, currencies that tend to perform best in times of risk-off have been bashed, printing sizeable outside candles through the last European session. Out of all the price action I’ve distilled in this report though, what especially jump out for me is the breakout in the Sterling index, at last clearing what’s proven to be a hugely sticky area of resistance on the way up for months. {video} The outlook for the Euro in the short-term is rather bearish as the index ... (full story)