Morning Call by Traders University

Yesterday the FTSE closed up 88 points at 4,506. The Dow Jones industrial average and other major indexes rose more than 2 percent, and the Standard & Poor’s 500 index and Nasdaq composite rose to their highest levels this year. The Dow rose 221 points, or 2.6%, to 8,721% its highest close since early January. The index is now down only 55 points, or 0.6%, for the year. The S&P 500 index rose 23 points or 2.6%, to 942, while the Nasdaq composite index rose 54, or 3.1%, to 1,828. Forex News: The Australian interest rate decision promises a strong opening for the day. Later on, European Unemployment Rate and American Pending Home Sales will dominate the scene. Let’s see what’s up for today: High news at 2:30am and 5:30am for AUD. In the US, the main figure is Pending Home Sales at 3pm. After a nice rise of 3.2%, they are expected to be modest time, rising only by 0.4%.