Morning Call by Traders University

Yesterday the FTSE 100 closed up 53 points to close at 4,294. The index gained more than 50 points during the day through an ascending triangle on the 5-min chart, with most of the gains occurring shortly after Wall Street opened. The Dow closed yesterday up 90 points at 8,529. The index remains buoyant and is unable to break down through 4,200. Forex news: Today is the end of the month and we are placing no new trades. The dollar once again was strong on Monday, mainly due to the fact that Chinese officials have announced yesterday that China is not thinking alternative currencies for now and they will stick to the dollar despite all the rumors and speculations of market participants that the country is looking for a way out. GBP high news at 9:30am with Current account release and CAD high news at 1:30pm with GDP release.