Morning Call by Traders University

Yesterday the FTSE closed down 44 points at 4,249 and is looking like is forming in a little channel between 4,300 and 4,215. The Dow closed down 84 points at 8,446, gaining support from 8,400 and the 50ema. Forex news: In high news today GBP manufacturing PMI at 9:30am. USD ADP Non-Farm employment change at 1:15pm and ISM Manufacturing PMI at 3pm could create high volatility as preliminary results to Non-Farm payroll due to be released tomorrow, a day early as Friday is bank holiday in the US. We will not place any trades today and tomorrow.