Morning all.. A very wild and choppy session in the US yesterday with oil up and down like a lift and a weak close on Wall St. The dollar fell steeply across the board. We have had some calm in some FX markets overnight but the RBNZ cut rates as expected but Kiwi jumped 100 points on the hawkish statement that went with it. Oz released yet another stunning set of unemployment data following the huge beats last month and the AUD took off. There are huge questions being asked as to the quality of this data now. The Nikkei closed down 1.3% after Wall St weakness and the steep fall in USDJPY yesterday. The focus for markets yesterday was once again on the huge volatility in the Oil complex, as it has been for the last week or so now. WTI finished the day down -0.93% and a bit above $37 and has made a new low for the fourth consecutive session now. That was after prices peaked at $39 in the mid-afternoon having surged nearly 4% after the US EIA said that crude inventories were down 3.6m barrels last week. That rally was short lived however with prices at one stage falling 5.5% from those highs, before stabilizing somewhat into the close, albeit still lower on the day. It was a similar pattern of trading for Brent which closed the day -0.37% and just above $40. Looking at the day ahead now, we’re kicking off the European session this morning with data out of France where we’ll get the latest CPI print along with industrial and manufacturing production. Shortly following this will be the October trade numbers for the UK before we get the BoE rate decision around midday (no change expected). At 08:30 we get the Swiss rate decision..Unchanged or tiny cut expected..15 of 19 economists surveyed by Bloomberg expect rates the depo rate to be left unchanged at -0.75%. (3 expect a 25bp cut, 1 expects a 10bps cut) -The 3m-CHF libor rate target is also expected to be left unch. (Lower target: -1.25%, Upper target: -0.25%). good luck..