Fund Performance (inception date : 20 Oct 06) : 1.6145%

Today

GBP - The pound was higher after data released today showed the UK economy grew above its long-run average during the third quarter, marking the fourth consecutive quarter of above-trend growth. The news will further cement market expectations that the Bank of England will raise interest rates again next month and is also likely to reignite the debate over whether further rate hikes will follow in the new year.

JPY - Fuki re-iterated that the Japanese economy is expanding at a moderate pace, he also mentioned that the BoJ will monitor oil prices as well as future US economic conditions. Earlier in the morning, there were talks of more USD/JPY selling but it looks like the FX pair has found support in the 118.25 - 118.39 range. The JPY might strengthened now that North Korea tension has somewhat lesssen.

NZD - Credit Card Spending increased and data showed that there was a higher influx of migrants in the country, which caused the NZD to appreciate. Next week, AUD and NZD CPI figures are out on 25 Oct 06.

Later

1900h - CAD : CPI figures are out. The Bank of Canada's target for inflation is 2-3%

The fund that I started on 03 Oct 06 was liqudated as I was bearish on the cable on the release of yesterday's weaker retail figures.