Ukraine launches major drone attack on Russian bombers

The post Ukraine launches major drone attack on Russian bombers appeared on BitcoinEthereumNews.com.

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…