The post Israeli cabinet decides on response to Iran attack appeared on BitcoinEthereumNews.com.

The Israeli Broadcasting Authority (IBA) reported that “Israel’s” security cabinet decided to deliver a harsh response to the recent Iranian attack. On Tuesday night, Iran launched over 200 ballistic missiles and drone attacks at Israel after the US had warned just hours before that a strike was imminent. Citing political sources in Tel Aviv, the report mentioned that the response will be severe. However, it is not expected to lead to a regional war.  Market reaction At the time of press, the Gold price was down 0.06% on the day at $2,657.  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 Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are “risk-on”. This is because the economies of these currencies are heavily reliant…

---

Filed under: News - @ October 3, 2024 2:22 am