Tuesday, 21 July 2009
Morning Call by Traders University
Yesterday the FTSE closed up 54 points at 4,443 and the Dow closed up 103 points at 8,848. In forex news the yen and dollar rose the most against higher-yielding currencies such as the Australian and New Zealand dollars after Fed Chairman Bernanke signalled the central bank may eventually have to withdraw its expansionary policy to prevent inflation. In data releases to watch out for today today we have the CAD official cash statement at 2.00pm and at 3.00pm Fed Chairman Bernanke speaks.
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