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US president Biden arrives in Israel

US president Biden arrives in Israel

The hope here is that his visit will deter other regional actors from stepping in and to ease the ongoing tensions. But amid the heavy scrutiny, it could end up backfiring. That especially after the Israel bombing of the hospital in Gaza that killed at least 500...

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Japan tourism recovers to near pre-Covid levels

Japan tourism recovers to near pre-Covid levels

The number of visitors to Japan rose to 2.18 million in September, highlighting a near full recovery to pre-Covid levels at this point. Relative to 2019, the visitor numbers last month are now roughly 96% of that. Well, a weaker yen is definitely a factor as well I...

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FX option expiries for 18 October 10am New York cut

FX option expiries for 18 October 10am New York cut

There are a couple to take note of for EUR/USD on the day, as highlighted in bold.The main one being at 1.0500 which keeps with the expiries we have seen in the days before as well, adding to a defensive layer for the pair in case price action does trend downwards....

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UK September CPI +6.7% vs +6.6% y/y expected

UK September CPI +6.7% vs +6.6% y/y expected

Prior +6.7%Core CPI +6.1% vs +6.0% y/y expectedPrior +6.2%On the month itself, consumer prices are seen up by 0.5% and that matches up with estimates. The annual readings are showing that price pressures might be more stubborn than anticipated even if the core...

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Inflation on the menu in European trading today

Inflation on the menu in European trading today

Major currencies are mostly lightly changed as we look towards European trading as it is only commodities that are being heavily impacted by the violence in the Middle East. The Israel-Hamas conflict rages on and that is continuing to keep a bid in gold and oil this...

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Xi and Putin have begun their meeting in Beijing

Xi and Putin have begun their meeting in Beijing

Putin had previously not left Russia for many months as there is a warrant out for his arrest for war crimes. Chinese Communist Party Chairman Xi has welcomed him to China though, not being bothered by this. Talks will centre on how China can support Russia's invasion...

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Oil price rocketing higher

Oil price rocketing higher

Oil had a strong session on Tuesday and that's continuing here today in Asia. Surging violence in the Middle East has raised, and keeps on raising, the prospect of negative repercussions for energy exports.We have had better data from China also that also indicates an...

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