The markets are still suffering from unusually low volumes, which have plagued us since the beginning of January. After the Christmas holidays the markets were expected to liven up to some of the biggest volumes of the year. So far, I’ve seen bigger volumes at the height of the Christmas and summer holidays. What are they waiting for ??

Unfortunately low volumes offer little trend momentum, as individual currencies battle each other with sticks instead of explosives! Despite all this, trades were generally still fairly plentiful at our usual times.

Thursday saw a reduced maximum potential of 605 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.

JUST A TEN PERCENT target of this figure would have yielded 60 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.