Morning Call by Traders University

Yesterday the FTSE 100 closed up 25 points (0.57%) at 4,461. The Dow Jones rose 31.90 (0.37%) to 8,770.92. The S&P 500 rose 5.73 (0.61%) to 944.88, while the Nasdaq rose 9.29 (0.50%) to 1,862.37. It’s a relatively quiet Friday this time. How will the greenback close the week? ECB President Jean-Claude Trichet, will talk about the European economy in two speeches in Bulgaria. EUR/USD moved both ways this week. How will it end the week? The BOE Executive Director Paul Fisher and BOE Chief Economist Spencer Dale will both speak throughout the day. How will the Pound react? In the US, Import Prices are predicted to rise by 1.3%. The highly regarded University of Michigan Consumer Sentiment is expected to show a continuing improvement. The preliminary figure is predicted to rise to 69.5 points, a number not seen for a long time. There is no high news today.