Morning Call by Traders University

On Friday the FTSE closed down 24 points at 4,608 and formed a high-test bar bouncing off 4,650. The Dow closed up 16 points at 9,171. In Forex news the US dollar tested two month lows against the euro as the market shift focus to higher yielding currencies on expectations that US manufacturing will show improvement with pace of contraction slowing. In data releases today to look out for GBP manufacturing PMI at 9.30am and the USD ISM manufacturing PMI at 3.00pm. Then at 11.45pm there is the NZD labor cost index q/q.