Israel and Iran resume missile strikes as conflict escalates
The post Israel and Iran resume missile strikes as conflict escalates appeared on BitcoinEthereumNews.com. Iran launched a fresh attack on Israel late Sunday, with an explosion seen in the coastal city of Haifa. Israel began further attacks on military targets in Iran, despite international calls for diplomacy and de-escalation, per CNN. Local officials in both countries reported at least 224 deaths in Iran and 14 in Israel, while Iran’s Ministry of Health said that at least 1,277 people have been injured since Israel launched the wave of attacks on Friday. Additionally, semi-official Iranian media outlet Mehr News reported on Sunday that the fourth phase of Iran’s operation against Israel has begun. Iranian officials underscored that they would “respond firmly to any adventurism” from Israel. Market reaction At the time of writing, the West Texas Intermediate (WTI) price is trading 1.78% higher on the day to trade at $72.88. Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit. The Australian Dollar (AUD),…
The post Israel and Iran resume missile strikes as conflict escalates appeared on BitcoinEthereumNews.com.
Iran launched a fresh attack on Israel late Sunday, with an explosion seen in the coastal city of Haifa. Israel began further attacks on military targets in Iran, despite international calls for diplomacy and de-escalation, per CNN. Local officials in both countries reported at least 224 deaths in Iran and 14 in Israel, while Iran’s Ministry of Health said that at least 1,277 people have been injured since Israel launched the wave of attacks on Friday. Additionally, semi-official Iranian media outlet Mehr News reported on Sunday that the fourth phase of Iran’s operation against Israel has begun. Iranian officials underscored that they would “respond firmly to any adventurism” from Israel. Market reaction At the time of writing, the West Texas Intermediate (WTI) price is trading 1.78% higher on the day to trade at $72.88. Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit. The Australian Dollar (AUD),…
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