Fund Performance per day (inception date, 20 Oct 06) : -1.908%

Yesterday

Oil - Oil prices fell after the US inventory figures showed a much greater than expected rise in crude oil stocks last week as imports surged despite OPEC output cuts and weather-based supply disruptions in Louisiana and Alaska.

CAD - CPI figures came in line with expectations. The loonie might be weakened by the dip in commodity prices.

AUD - The Aussie was well supported by strong M&A and IPO activity and many Japanese incestors were long AUD/JPY, given recent >AUD1bln worth of Uridashi issued.

USD - It was holiday season but larger than expected inital jobless claims sent the USD diving, the greenback is seeing signs of weakness, especially against the Yen.

Today

Japanese and US makrets were on holidays today, there were hardly any activity in the morning

EUR - The markets focused on the German IFO figures today, which came in at 106.8. The market was expecting a dip to 105.2 and As a result, the EUR gained in most of the crosses, the EUR/USD pair went close to 1.2980 level.

GBP - (From AFX) Third quarter business investment in the UK rose 3.1 pct from the previous quarter to reach a record high, official data showed. The Office for National Statistics said business investment rise by 31.013 bln stg in the latest quarter, up from 30.089 bln in the second quarter. Compared with he same period a year ago, business investment was up 6.9 pct. EUR and GBP looking extremely bullish.

Later

2330h : CAD - BoC Review

0503h : CAD - Economic update

1630h : GBP - Slew of important indicators coming out, including GDP and import/export figures.