Select Language

Russian and Syrian airstrikes hit Aleppo and Idlib as rebels take control

blockHeadVisual
  1. HOME
  2. Get information
  3. World FX news
  4. Russian and Syrian airstrikes hit Aleppo and Idlib as rebels take control

World FX news

search
Breaking news

Russian and Syrian airstrikes hit Aleppo and Idlib as rebels take control

  • X
  • facebook
  • LINE
  • RSS
  • X
  • facebook
  • LINE
  • RSS
New update 2024.12.02 08:29
Russian and Syrian airstrikes hit Aleppo and Idlib as rebels take control

update 2024.12.02 08:29

Russian and Syrian jets have carried out a series of air strikes on Syrian rebels who are advancing through the country after seizing its second-largest city, per Reuters

Syrian President Bashar al-Assad has vowed to fight back and stop the rebels, whom he described as "terrorists." The rebels, led by jihadi group Hayat Tahrir al Sham, took over most of Aleppo in a shock offensive on Saturday. They claim to have also entered the city of Hama. 

Market reaction

At the time of writing, the Gold price (XAU/USD) is trading around $2,645, down 0.32% on the day. 

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 on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity.

The major currencies that tend to rise during periods of "risk-off" are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world's reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them - even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.

 

Date

Created

 : 2024.12.02

Update

Last updated

 : 2024.12.02

Related articles

Show more

Writer

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?
No loading Yes loading

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Previous article

prev

AUD/USD softens to near 0.6500 ahead of Australian Retail Sales data

Next article

Gold Price Forecast: XAU/USD holds below $2,650 on US Dollar rebound

prev

Most viewed

Crude Oil trades stuck in tight range ahead of crucial OPEC+ meeting

Crude Oil is still trading in a tight range on Monday, similar to levels seen last week,  ahead of the most crucial OPEC+ meeting ahead of 2025 to be held on Thursday. Before the gathering, Iranian official Afshin Javan threw the cat among the pigeons by
New
update2024.12.02 20:35

Silver price today: Silver falls, according to FXStreet data

Most recent article: Silver price today: Silver falls, according to FXStreet data Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
New
update2024.12.02 18:30

Pound Sterling loses 1.2700 level against US Dollar after Trump defends USD dominance

The Pound Sterling (GBP) pulls back below the 1.2700 mark on Monday after more invective from President-elect Donald Trump bolsters the US Dollar (USD).
New
update2024.12.02 18:17

Forex Today: US Dollar rebounds as December gets underway with high-tier data releases

Here is what you need to know on Monday, December 2: The US Dollar (USD) gathers strength against its major rivals to begin the month of December.
New
update2024.12.02 16:06

GBP/USD Price Forecast: The potential support level to watch is near 1.2600

The GBP/USD pair tumbles to near 1.2700 during the early European session on Monday, pressured by the firmer US Dollar (USD) broadly.
New
update2024.12.02 15:59

ECB's Kazaks: In my view, rate cuts must continue

European Central Bank (ECB) policymaker Martins Kazaks said on Monday, "in my view, rate cuts must continue." He added that "we see that the inflation problem will soon end." Market reaction The above comments fail to affect the Euro , as EUR/USD loses 0.48% on the day to trade near 1.0525, at the press time.
New
update2024.12.02 15:29

FX option expiries for Dec 2 NY cut

FX option expiries for Dec 2 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
update2024.12.02 15:04

WTI remains below $68.50 amid firmer US Dollar, OPEC+ meeting in focus

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.25 on Monday.
New
update2024.12.02 14:59

AUD/USD slides back below 0.6500 on US-China trade war fears, notable USD strength

The AUD/USD pair starts a new week/month on a weaker note and slides back below the 0.6500 psychological mark during the Asian session, snapping a three-day winning streak.
New
update2024.12.02 14:46

ECB's Lane: At some point, policy needs to be driven by upcoming risks

"At some point, policy needs to be driven by upcoming risks rather than being backward-looking," European Central Bank (ECB) Chief Economist Phillip Lane said in a Financial Times (FT) interview on Monday.
New
update2024.12.02 14:40

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

arw
  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Line

Line
Facebook

Facebook
X

Twitter
Cancel