MIDDLE EAST TENSIONS HAVE RISEN SINCE APRIL 1, 2024

Special Reports - 17/04/2024

17 April, 2024

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

MIDDLE EAST TENSIONS HAVE RISEN SINCE APRIL 1, 2024: Israel – Iran conflict is escalating

SPECIAL REPORT: GOLD, SILVER, CRUDE OIL

DATE: APRIL 17, 2024

THE SITUATION: TIMELINE

October 7, 2023: Iranian-backed Hamas in Gaza Attacked Israel.
October 7, 2023: Israel Declares War on Hamas.
October 7, 2023 – Present Day: Israeli Army in Gaza in Process of Eliminating Hamas.
April 1, 2024: Israel Conducts Airstrikes on the Iranian Embassy in Syria Killing a Few Iranian Commanders.
April 13, 2024: Iran Retaliates Conducting a Massive Attack on Israel.
LATEST: Israel Considers Retaliation and Potential Attack on Iran

SINCE APRIL 1 THE SITUATION GOT SIGNIFICANTLY WORSE

ISRAEL ATTACKED THE IRANIAN EMBASSY IN SYRIA, KILLING A FEW IRANIAN COMMANDERS. This was yet another step towards greater escalation in the Middle East, raising fears that Iran and Israel could engage in a full-scale war. On April 13, Iran performed massive missile and drone attacks on Israel. Israel is now considering to retaliate.

MARKET REACTION AHEAD OF WEEKENDS SINCE APRIL 1

SAFE- HAVEN GOLD AND SILVER RISE: Since April 1, investors started to fear a potential full-blown war between Israel and Iran. Due to these fears, volatility has risen dramatically, especially hours before weekends as war actions could occur over weekends when markets are closed. Investors have been taking safe-haven Gold and Silver. Gold hit a fresh all-time high of $2431.30 on April 12, while Silver tested its highest price since January 2021 ($29.772) on the very same day. However, the price could decline.
CRUDE OIL RISES: Oil prices have also risen in volatility as the region is rich in oil and one of the most important oil transit checkpoints in the world. Iran itself produces something between 3 and 4 million barrels a day, and exports around 1.5 million barrels a day. On April 12, Crude oil hit its highest price since October 2023 ($87.61). However, the price could decline.

MARKET REACTION AHEAD OF WEEKENDS SINCE APRIL 1: THE NUMBERS

FIRST WEEK: APRIL 4 - APRIL 5 (THURSDAY AND FRIDAY)

NEWS (APRIL 4, THURSDAY): IRAN COULD CONDUCT STRIKES ON ISRAEL OVER THE NEXT 72 HOURS

MARKET REACTION: PRICE CHANGE

Source: Meta Trader 4 Platform

Please note that past performance does not guarantee future performance.

SECOND WEEK: APRIL 11 - APRIL 12 (THURSDAY AND FRIDAY)

NEWS (APRIL 11, THURSDAY): IRAN COULD CONDUCT STRIKES ON ISRAEL OVER THE WEEKEND.

MARKET REACTION: PRICE CHANGE

Source: Meta Trader 4 Platform

Please note that past performance does not guarantee future performance.

CURRENT WEEK: APRIL 17- APRIL 19 (WEDNESDAY TO FRIDAY)

LATEST NEWS: ISRAEL COULD RETALIATE AND ATTACK IRAN OVER THE COMING WEEKEND

POTENTIAL MARKET REACTION: Average price changes from previous pre-weekend price changes

Please note that past performance does not guarantee future performance.

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