Eastern European news continues to disrupt the markets, with risk being transferred back and fourth between stocks and currencies depending on the seriousness of the content.

Our Dom long Dax initially plummeted on negative German economic data, but less severe news regarding the Russian/Ukrainian conflict lifted stocks a little and have thankfully continued this mode throughout the day. Oil is also down since lunchtime which is another good sign.

Based on our ICS Balances, our first dismissal today was the GBP/AUD, as two strong currencies battled it out within the pair. Our other pairs did well, with the best initial balance going to the EUR (Weak side) and the AUD (Strong side). Good points were available at our usual times.

Thursday saw a decent maximum potential of 690 from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.

JUST A TEN PERCENT target would have yielded 69 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.