Thursday, October 12, 2006

Fund Performance per day (inception 03 Oct 06) : -0.03%

Today

AUD - The strong labor market within Australia has lended more strength to argument that the RBA will raise interest rates by 25 basis points to 6.25 pct in its November meeting. According to one economist, the Australian economy remains capacity constrained and household incomes will continue to be boosted by employment gains and wages growth.

JPY - Japan's current account surplus in August rose 22.2 pct to 1.48 trln yen from 1.21 trln a year earlier, increasing at a bigger rate than the market had estimated after rising 7.1 pct in July. Economists had been expecting a surplus of 1.45 trln yen, the consensus forecast in a Nihon Keizai Shimbun poll. However consumer confidence figure released today was slightly below expectations, but did not have much impact on the JPY, the JPY instead strengthen on the BoJ's comments that they will only raise rates whenever they perceive necessary

Later

2030h - USD : Trade Balance / Jobless Claims

0200h - USD : Beige Book

0750h - JPY : Import/Export Price Index

God Speed in the markets

No comments: