Sentiment RISK-OFF! Iran Launches a Mega-Scale Attack on Israel!

thecekodok


Market sentiment is now at risk with reports of a mega-scale Iranian airstrike launched on Israel since midnight last night.


Rising tensions in the Middle East have boosted demand for safe-haven assets with the US dollar also benefiting in the risk-off market environment.


The situation that happened has changed the direction of the movement of the king of the currency that weakened before due to the central bank's monetary policy factor, now it is influenced by the change in market sentiment that is in focus.


Iranian media reported that more than 400 ballistic missiles were reported to have been launched on Israel, causing great havoc.


The United States (US) military was also ordered by President Joe Biden to help defend Israel from the Iranian attack.


However, Iran has issued a warning that it will attack US bases in Israel if they intervene in this war.


Israel held an emergency meeting to discuss the war situation and Israeli leader Benjamin Netanyahu also threatened to launch a counterattack against Iran.


In addition to the US dollar, other safe-haven currencies such as the Yen and the Swiss franc are expected to rise as well as safe assets such as gold.


The price of gold, which experienced a fall influenced by the situation of the OPEC+ talks, began to rise following the news of the Iran-Israel war.


The market sentiment that is currently the focus of the market has ignored the US economic data published in the New York session yesterday.


Looking at the report, the ISM survey data of the US manufacturing sector remains gloomy but the report of open job offers (JOLTS) last August increased to 8.04 million.