A resilient consolidation tone for the major European equity averages over the past 24 hours, digesting solid gains to new 2019 cycle highs earlier this week, whilst the US benchmark average, the S&P 500, has stayed solid after soaring close to the record high from 2018.  The current “risk on” phase for equities has been accompanied by US Dollar strength against major global currencies (though not against the Yen), echoing… Continued