Morning Call by Traders University

In forex news, the yen rose again yesterday against the euro and the dollar as Asian equity markets and US stock futures declined. The dollar is testing levels near 2009 lows against the euro as a strong housing report suggests that the recession is coming to an end. In key data releases the GBP Halifax HPI released this morning was better than expected at 1.1%. At 9.30 is the GBP manufacturing production m/m and the services PMI. At 1.15pm watch out for the USD ADP non-farm employment change and then at 3.00pm, USD ISM non-manufacturing. Yesterday the FTSE 100 closed down 11 to close at 4,671.