Morning Call by Traders University

Britain’s FTSE 100 index is seen opening up 69 to 78 points on Thursday after closing up 29 points at 3955, tracking gains in the U.S. and Asian markets, financial bookmakers predicted, as leaders of the Group of 20 gather in London to discuss the global financial crisis. World leaders are determined to declare an end to unfettered capitalism at the G20 summit after France and Germany demanded they act fast on promises to prevent a repeat of the worst economic crisis since the 1930s.
Stocks gained positive territory on Wednesday as factory and home sales data raised hopes the economic downturn is moderating, sparking a broad advance. Private-sector job losses accelerate Healthcare limits gains after Celgene (CELG.O) outlook The Dow Jones Industrial average rallied 153 points or 2 percent. 27 of 30 Dow components finished the session higher.
In forex related news yesterday we saw a rise in AUD building approvals m/m, and in the UK we improved manufacturing PMI which is a leading indicator of economic health as businesses react quickly to market conditions. In the US the ADP Non-Farm Employment figures were worse than expected so watch out for the Non-Farm Payroll release on Friday - tighten stop losses and no new positions.
In forex news. The AUD Trade Balance released overnight was better than expected at 2.11B. The GBP Nationwide HPI m/m figure released this morning at 6.00am showed a surprising increase to 0.9%. At 8.30am the CHF Gov Board member Hildebrand Speaks. At 11.45am the EUR Minimum Bid Rate is expected to be cut to 1.00%, then later at 12.30pm the ECB holds its press conference. Also at 12.30pm the USD Unemployment Claims are due with results of 649K expected.