Morning Call by Traders University

Yesterday the FTSE closed up 37 points at 4,481 and the Dow closed up 67 points at 8,916. In forex news, the yen and the dollar strengthened for a second day against the euro on concern the recovery of the global banking industry from the financial turmoil will be delayed, boosting demand for safer assets. The Aussie and Kiwi dollars dropped for the first time in three days against the greenback after Fed Chairman Bernanke said financial markets remained “stressed,” spurring demand for safer assets. In data releases today watch out for the MPC minutes at 9.30am that could impact GBP. At 1.30pm we have CAD retails sales and then at 3.00pm exercise caution as Fed Chairman Bernanke testifies.