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Risk assets leg further down on confirmation of strikes in Iran
To be honest, I'm a bit surprised at the second-leg down in risk assets after headlines from ABC crossed the wires with a US official confirming the attacks. Here's another US official who always likes to share what he knows from classified briefings. I think he's pretty much telling us what happened. tweet This line of attack probably also explains the report of the radar station being knocked out. chart Gold is at an all-time high and the yen is up 60 pips. I'm inclined to fade this because I think Iran will let it go. Of course, everyone wants to know about damage and potential casualties first. But if it's ... (full story)