The UK Pound started the day as strong-sh on positive housing data in the early hours (just after midnight), which gave us both long and short trends in our GBP pairs. We also had some good and not so good ICS Balances within all our currency pairs, especially the EUR/AUD as positive EU data lifted the euro against an already strong Australian Dollar. Volumes still remain painfully low.

The tricky one today was the Dom short German Dax on positive Trade Balance data at 7am. However again, the Doms ruled and the short trend continued until late in the UK morning session.

Tuesday saw an improvement from yesterday with a maximum potential of 415 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.

A TEN PERCENT target of this figure would have yielded 41 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.