Morning traders, all the eyes are on Nancy Pelosi, she is officially expected to land in Taiwan later today, China has alerted multiple times that they won't tolerate such a move and will act accordingly, hinting at military actions too We can't know what to expect from China, and we can't know if Pelosi will indeed go forward with the schedule, but we know the uncertainty of the situation creates a risk off environment for today, there will be plenty of headlines, plenty of noise, and plenty of volatility today, don't FOMO Else, dovish 50bps rate hike from the RBA overnight, nothing actionable in our view, but it tells us that central banks around the globe are slowly hitting on that "less hawkish" button due to growth and recession concerns, that favors the classic safe havens