Morning Call by Traders University

On Friday the FTSE 100 closed up 26 points at 4,388 and the Dow closed up 32 points at 8,744. The FTSE gained resistance on 4,400 and the 200ema, and the Dow gained resistance from 8,760 and the 200ema. In forex news the yen and the dollar fell against higher-yielding currencies as stocks gained before a U.S. report that economists said will show a gauge of the economic outlook improved, weakening demand for safer assets. The dollar index fell to a six week low. In overnight news the AUD PPI was worse than expected at 0.8%. No other significant news for release today.