Fund Performance per day ( inception date 03 Oct 06) - 105%

Today's Events

AUD: - NAB (NAtional Australian bank) said that its business confidence dropped to 2 points in Sep from 8 pints in the June quarter. Aug Retail Sales up 0.3 vs 0.2 Consensus. According to one economist, "The August results bolsters the view that over time consumers have become more used to living with high gasoline prices". The market is foresees "the RBA is unlikely to move tomorrow, before it gets another read on inflation (due at the end of this month), another rate rise remains on the cards before the end of the year". Overall, I am bullish on AUD given the recent collapse of commodity prices

JPY: - Watch for the tension between North Korea and Japan. According to Bloomberg, "The yen fell against the euro and the dollar after North Korea said it will conduct a nuclear test.." History showed that the yen fell 0.8 percent against the dollar after North Korea fired seven missiles on July 5.. however the currency recouped the loss within two days.

Tomorrow

0730h - RBA Rate Decision, Strong expectation that the RBA will hold rates, although there was some bullish sentiment on the AUD

0930h - AUD : Trade Balance Announced. Market consensus is a $600M deficit but 1 anlyst is forecasting a $900M deficit given the recent export momentum

0945h - USD - Fed's Hoenig speaks on economy

1500h - EUR - Trichet speaks at EU Parliament

1700h - EUR - Eurozone Retail Sales.

God Speed in the markets.