Mike Paterson

Trump says it’s time to act with urgency and determination with North Korea

Trump/Moon holding press conference in Seoul 7 Nov
– thinks NK understands US has unparalleled military strength
– believes it makes sense for NK to come to the table and make a deal good for NK
No freebies then Don, seeing how you’re being so vocal ab…

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ECB’s Lautenschlaeger: I would have liked to see clear exit from QE

 Executive Board and Vice-Chair of the Supervisory Board of the ECB  7 Nov
EURUSD testing 1.1580 again. A break here should trigger a few stops. EURGBP lower again at 0.8805 helping to underpin GBPUSD

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Switzerland Oct foreign currency reserves CHF 741.5bln vs 724.5bln prev

Swiss Oct foreign currency reserves  report now out from the SNB 7 Nov
– prev revised up from CHF 724.4bln
Reserves growing as intervention continues.
Full report
The post Switzerland Oct foreign currency reserves CHF 741.5bln vs 724.5bln prev ap…

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Economic data coming up in the European session

Economic data/event risk coming up in this session 7 Nov
Greetings one and all
Data wise it’s a thin day for anything of real note. CB wise we have Draghi making opening remarks at an ECB forum on banking supervision ( so prob not a…

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