Created
: 2025.06.02
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Ukraine launches major drone attack on Russian bombers
World FX news
Breaking news
Ukraine launches major drone attack on Russian bombers
New
2025.06.02 10:13
2025.06.02 10:13
2025.06.02 10:13
Ukraine has carried out a "large-scale" drone attack against Russian military bombers in Siberia, striking more than 40 warplanes thousands of miles from its territory, a security official said early Monday.
Ukrainian President Volodymyr Zelensky stated that 117 drones were used in the so-called "Spider's Web" operation by the SBU security service, striking "34% of [Russia's] strategic cruise missile carriers". Russia confirmed Ukrainian attacks in five regions, calling them a "terrorist act."
Market reaction
At the time of writing, the Gold price (XAU/USD) is trading 0.74% higher on the day to trade at $3,310.
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.
Last updated
: 2025.06.02
Related articles
Fed's discount rate meeting minutes: Businesses are preparing staff reductions if costs rise
19 minutes agoFed's Goolsbee: We could see a direct tariff effect on prices within a month
2025.06.04 02:24Fed's Cook: Tariffs could lead to stagflation environment
2025.06.04 02:18EUR/JPY rebounds off moving average support despite Eurozone inflation miss
2025.06.04 02:02EUR/GBP falls as Eurozone inflation reinforces dovish ECB expectations
2025.06.04 01:24USD/CAD Price Forecast: USD/CAD bearish structure intact, short-term bounce hinges on 1.3700 support
2025.06.04 00:40
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?
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.
Most viewed
Fed's discount rate meeting minutes: Businesses are preparing staff reductions if costs rise
The Federal Reserve's (Fed) discount rate meeting minutes from April 7, 28, and May 8 revealed that policymakers are increasingly uneasy about looming economic impacts, mostly from US trade policy.
New
2025.06.04 03:25WTI Crude Oil extends gains as Canada wildfires, geopolitical tensions, and a broadly weaker US Dollar support prices
West Texas Intermediate (WTI) Crude Oil prices continue their upward trajectory on Tuesday, marking the second day of gains. At the time of writing, WTI is hovering near Monday's high, trading around $63.06 per barrel, reflecting a nearly 2% increase on the day.
New
2025.06.04 02:36Fed's Goolsbee: We could see a direct tariff effect on prices within a month
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee fell in step with the Fed policymaker crowd on Tuesday, admitting that while things look good right now, policy uncertainty remains elevated at the hands of President Trump's whiplash tariff policies, and the Fed is beginning to brace f
New
2025.06.04 02:24Fed's Cook: Tariffs could lead to stagflation environment
Federal Reserve (Fed) Board of Governors member Lisa D. Cook noted on Tuesday that although the US economy appears to be in a healthy place for the time being, the biggest economic threat to stability remains the Trump administration's trade policies.
New
2025.06.04 02:18EUR/JPY rebounds off moving average support despite Eurozone inflation miss
The Euro (EUR) has been gaining strength against the Japanese Yen (JPY), traditionally seen as a safe haven, on Tuesday.
New
2025.06.04 02:02Gold price falls over 1% as strong US jobs data lifts US Dollar
Gold price trims some of its Monday gains as it edges down over 1% on Tuesday following jobs data from the United States (US), which reveals that the labor market remains tight. At the same time, the overall strength of the Greenback weighed on the non-yielding metal.
New
2025.06.04 01:42EUR/GBP falls as Eurozone inflation reinforces dovish ECB expectations
The Euro (EUR) is suffering a setback against the Pound Sterling (GBP) on Tuesday, with prices falling to the 10-day Simple Moving Average (SMA) near 0.8415.
New
2025.06.04 01:24USD/CAD Price Forecast: USD/CAD bearish structure intact, short-term bounce hinges on 1.3700 support
The Canadian Dollar (CAD) holds firm against the US Dollar (USD) on Tuesday, with the USD/CAD pair edging lower during the American session to trade around 1.3710.
New
2025.06.04 00:40Fed's Bostic: The best approach for monetary policy is patience
Atlanta Federal Reserve President Raphael Bostic indicated that a robust economy provides the US central bank with the opportunity to consider the effects of tariffs on inflation and growth, while also expressing openness to the potential for a single interest rate cut later this year.
New
2025.06.03 23:17USD/JPY steadies ahead of US JOLTS data and potential clues on the health of the US labour market
The Japanese Yen (JPY) is edging lower against the US Dollar (USD) on Tuesday as market participants await the release of the US Job Openings and Labor Turnover Survey, scheduled for 14:00 GMT.
New
2025.06.03 22:43Disclaimer:
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.
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
