Thursday, October 05, 2006

Fund Performance per day (inception date : 03 Oct 06) : 60.3%

Today's events

JPY - BoJ Muto spoke today with slightly hawkish comments, which did almost nothing to appreciate the Yen. Trichet is speaking now and he might say something that might take the market offguard, especially when the EUR is overvalued against the Yen. Yen still at the crossroads.

USD - The dollar edged higher as interest rate decisions by the European Central Bank and the Bank of England failed to yield any surprises and as market players awaited tomorrow's release of key US employment data.

Tomorrow

0750h : JPY
- Official Reserve Assets released

1345h : CHF - Unemployment Rate (SEP)

1900h : CAD -
Unemployment Rate (SEP)

2030h : USD -
The consensus for Friday's key jobs figures is that non-farm payrolls will grow by just 105,000 in September after rising by 128,000 in August. My take is that job figures will be better than expected. I am going long on the dollar






No comments: