ROI : 12%

NZD : Swing Traders - NZD is expected to fall because of weak fundamentals, the release of the current account balance was worse than expected and comments by the Finance Minister Cullen implied that NZDUSD could drop to 0.400

USD : Swing Traders - The dollar might be in for a medium term rally after the release of stronger than expected new housing sales and better than expected data yesterday. Long term traders - Weak fundamentals from the Philly surprise last week caught the market offguard. The l-0.14 versus market expectations of 14 caused fuelled fears that the US economy is heading for a recession.

0750h : Large Retailers' Sales in Japan is expected to be better than expected and short term traders can take the long side on the Yen

1400h : Germany releases its ILO unemployment rate and England its nationwide housing prices. Dovish comments from the BoE today could instigate swing investors to take the short position for the GBP. Short term traders - housing prices to go up tomorrow; Stronger than expected M3 figures underpins more interest rate hikes for the Euro; Short term traders - Go Long on on the Euro as ILO unemployment is expected to decrease