Morning Call by Traders University

Yesterday the FTSE 100 closed down 41 points at 4,194 breaking down through support at 4,220 and 4,200. The Dow closed up 44 points at 8,424. In Forex news, yesterday saw the Dollar higher against most other currencies as once again risk aversion was on the increase. Early this morning the RBA kept the AUD cash rate steady at 3.00% in line with expectations. Other data releases to watch for today are the GBP Manufacturing Production m/m, and the Building Permits m/m together with the Ivey PMI for the CAD.