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141 Capital, Inc. to Begin Trading Operations

January 2nd 2008 - 141 Capital, Inc. has announced the completion of the licensing of certain trading technology and systems from Spooz, Inc. and it is now in the process of commencing business operations.

141 Capital, Inc. Establishes Initial Account

October 3rd, 2008 - Company Moves From Trading Test Accounts to Trading Customer Accounts

FX Update- EUR

EUR/USD cleared out stops on the way up to 1.3739 highs after EUR/JPY rallied sharply on the latest Fed liquidity measures. The cross recorded 141.06 highs, but pulled a big figure back from its highs after equities lost their initial gains in the wake of the announcement. EUR/USD is changing hands around 1.3680, with U.S. names turning dollar sellers on strength. However, broad based deleveraging may weigh on euro ahead, with EUR/JPY expected to come back under pressure.

FX Update: Asian Summary

JPY cross trades dominated the market moves as risk appetite emerged after the record rally in the DJIA and in Asia, as the Nikkei rose over 13%. The JPY cross demand saw USD weaken against GBP, EUR, AUD, NZD and CAD but rally against the USD/JPY. EUR/USD rallied from NY lows under 1.3500 to highs of 1.3692 in Asia. USD/JPY rallied from lows near 100.00 in New York to highs of 103.06 before pulling back to 102.15. EUR/JPY rallied from NY lows near 136.00 to highs of 141.04 before easing to 139.92 on profit-taking. US treasury yields gapped sharply higher after the closure of the US and Japan credit markets on Monday with ten-yr yields the highest since early August. Nymex oil continued to rally after 4.5% gains in NY, rising above $83.00 a barrel with broad-based gains in other commodities such as copper, with copper rising over 6% at the open.

FX Update- USD/JPY

JPY maintained a soft tone, with early gains on Wall Street encouraging more speculative selling. USD/JPY peaked just ahead of 103.00 and EUR-JPY pushed up to 141.70. The BoJ were the latest central bank to come out with its own policy measures following an extraordinary policy meeting. The overnight call rate was kept unchanged at 0.50% and added 30-yr JGBs to its list of eligible JGBs for repo operations. It also froze the sale of its holding of bank stocks. BoJ Governor Shirakawa defended its decision not to cut rates, stating that each Bank should base rate decisions on each nation's economy. Shirakawa said there was no need to guarantee all bank deposits and to adopt full guarantee of debt held by banks. Japan have plied their focus instead on the money markets, which have been severely impacted, but policy makers continue to indicate the relatively healthy positions of Japanese banks compared with Europe and the U.S.

FX Update- JPY

JPY has rebounded vs. most of the majors in response to the pullback in global equity indices, but still remains generally lower vs. the majors. USD/JPY slipped briefly below the 102 handle as US indices slipped to session lows. USD/JPY has since bounced off 102, and is searching for support in the middle of todayâ��s range around 102.20. EUR/JPY, up 0.5% to 139.25, has given back most of todayâ��s gains after peaking out at 141.74 overnight. GBP/JPY, up 1.3% to 179.17, is trading in the middle portion of todayâ��s range after being unable to rally support above the 180 handle earlier in the day.

FX Update: Yen Heads South in Europe

JPY headed lower in early European trade, with profit taking activity picking up as equity markets steadied in Europe despite Asian market losses. USD/JPY rallied from an early European low of 95.40 to trade up to 96.23, clearing good size intra-day stops on Japanese bank books in the process. Meanwhile, EUR/JPY rebounded from 118.30 to trade up to 119.95 and GBP/JPY rallied from 141.30 up to 143.10. Similar movement was also noted in AUD/JPY and NZD/JPY, which traded up to 61.65 and 53.80 respectively. Movement in the JPY crosses has had a direct influence on the dollar legs, with EUR, GBP, AUD and NZD all pushing higher against the dollar. However, the tone remains fragile, with volumes reportedly wafer thin and highly correlated to equity markets. Elsewhere, there was speculation of BoJ in the JPY sell-off, but Japanese banks said there was no sign of them and no contact as yet. Recent press leaks and Japanese rhetoric indicate that the BoJ are unlikely to act unless USD/JPY broke 90.00, although the pace of JPY movement will be a concern and most likely lead to more jawboning.

Canadian September New Motor Vehicle Sales Unexpectedly jump 2.5%

New Motor Vehicle Sales jumped 2.5% to 141.6k following a 2.3% decline beating expectations for a 1% increase. Passenger Car sales were up 2.3% after 3 months of declines with North-American built car sales up 1.4 % and Overseas-built autos posting a 3.8% increase. New Vehicle sales were up in all provinces except Saskatchewan. New Truck sales were also up 2.8% to 66.2k following a flat reading prior. According to StatsCan preliminary data suggests the total number of new motor vehicle sales will be down on passenger vehicles in October.

FX Update- Cable

Cable consolidated ahead of London close, with the pair trading under 1.4900 after it failed to hold above 1.5000. Good real money and leverage account selling putting a top in place around 1.5050. Sterling was also pressured as risk appetite picked up, with the FTSE 100 giving back earlier gains and indicates losses in excess of 1.5%. GBP cross selling featured, with EUR/GBP moving back above 0.8450 after it based at 0.8372, while GBP/JPY traded in to 141.00 after running out of steam at 143.00. U.K. fundamentals remained weak, which should add weight on the pound ahead, but there have been some positives, with good M&A demand and central bank buying this week. Meanwhile, some attention was given to an article, which cited potential for tax exemptions for overseas British companies sending their money back home. The F.T cited KPMG, which predicted the change. A survey by the group found that 70% of businesses would repatriate cash if the Treasury introduced an exemption for foreign dividends.

FX Update: Asian Buyer Lifts Sterling

GBP was boosted by a large Asian buy order, with a central bank mooted on the Cable move from 1.5350 through 1.5400. The Asian account paid a number of London names, which is indicative of thin trading conditions. Cable longs lightened up exposure in Asia, with intra-day accounts and Japanese retail investors offloading GBP against the dollar and the yen, with equity markets coming back under pressure. The market was heavily long after the late NY move up to 1.5533, which marked a move of 3.7% on the session. Sterling fundamentals remain weak, but the technical picture has swung in favour of the topside after spot held above the recent 1.4555 trend low and the subsequent rebound through 1.5250 yesterday. So far, the market is satisfied that UK policy makers are doing everything within their power to help the UK economy. However, there remained concerns over UK government debt, with today's Telegraph indicating that the cost of insuring against a default on gilts surged to 100 bps at one stage yesterday. The DMO said that the government has never defaulted since the origins of national debt in 1694.