Morning Call by Traders University

Yesterday the FTSE closed down 46 points at 4,140 and the Dow closed up 11 points at 8,178. In Forex news, the recent rally in the dollar and the yen eased a little in late trading yesterday, but with little momentum as strong fears of a renewed global slowdown remain. In overnight news saw the AUD unemployment rate of 5.8%, which was slightly better than expected. All eyes will be on the GBP official rate statement at 12.00 pm with rates expected to remain steady at 0.5%. Further direction on a possible increase in the asset purchasing programme to increase the money supply is also possible. The CAD housing starts is then due at 1.15pm.