News & AnalysisCareer
Trading
Explore a wide range of markets with competitive pricing, deep liquidity, and advanced trading tools.
Learn More 
Platform
Trade seamlessly with TMGM's powerful platform, built for speed, precision, and a superior trading experience.
Learn More Trading Platform
Trading Tools
Academy
Learn the fundamentals of trading with beginner-friendly resources, including guides, webinars, and market insights.
Learn More News & Analysis
Get real-time market updates and expert analysis to stay ahead of trading opportunities
Learn More News & Analysis
About
Learn what sets TMGM apart — our global presence, regulatory strength, and commitment to innovation in trading.
Learn More Why Choose TMGM
Sponsorship
Iran’s Qeshm Island near Strait of Hormuz hit by US strikes — WSJ
A United States (US) attack on Iran’s Qeshm Island on Monday was the latest in a series of limited strikes Washington has conducted secretly against the country in recent weeks, according to a Wall Street Journal (WSJ) report citing US officials.
Before the attacks, US President Donald Trump had downplayed the prospect of renewed war with Iran following Tuesday’s midterm elections.
According to Press TV, Iran’s Islamic Revolutionary Guard Corps (IRGC) said it had intercepted and brought down two US MQM-170 drones south of Qeshm Island in the Strait of Hormuz. It also said the 55th US MQ-9 drone had been destroyed east of the Hormuz Strait.
WTI trades higher
A daily gain of 0.71% puts West Texas Intermediate (WTI) at $95.65 at the time of writing.
Risk sentiment explained: FAQs
Investors’ willingness to accept risk over a given period is commonly described in financial markets using the terms “risk-on” and “risk-off”. Optimism about the outlook characterises a “risk-on” market, encouraging investors to purchase riskier assets. When markets turn “risk-off”, concerns about the future prompt investors to ‘play it safe’. They favour lower-risk assets offering greater certainty of a return, even if that return is relatively modest.
A positive growth outlook usually supports equities and most commodities, apart from gold, during “risk-on” periods. Stronger demand also lifts the currencies of major commodity-exporting countries, while cryptocurrencies advance. By contrast, “risk-off” conditions tend to lift bonds, particularly those issued by major governments. Gold performs well, and safe-haven currencies including the Japanese yen, Swiss franc and US dollar benefit too.
Currencies that typically strengthen when markets are “risk-on” include the Australian dollar (AUD), Canadian dollar (CAD) and New Zealand dollar (NZD), alongside less widely traded currencies such as the rouble (RUB) and South African rand (ZAR). Growth in their respective economies depends heavily on commodity exports. As investors anticipate stronger economic activity and, in turn, greater future demand for raw materials, commodity prices tend to increase during these periods, supporting those currencies.
During “risk-off” periods, the US dollar (USD), Japanese yen (JPY) and Swiss franc (CHF) are the major currencies that generally appreciate. The dollar benefits from its status as the world’s reserve currency and from crisis-driven purchases of US government debt. Investors regard that debt as safe because the world’s largest economy is unlikely to default. Demand for Japanese government bonds supports the yen: domestic investors own a high proportion of these bonds and are unlikely to sell them off, even during a crisis. For the Swiss franc, support comes from Switzerland’s strict banking laws, which provide investors with greater capital protection.
POPULAR ARTICLES
1AUD/USD Price Forecast: Trades near two-week low below 0.7000 as RBA decision approaches2Silver Price Forecast: XAG/USD falls below $50.50 following US attacks on Iran’s Qeshm Island3Japanese Yen trades sideways against recovering USD as intervention risks help cap losses4As USD steadies ahead of US midterm elections, Euro stays under pressure below 1.12005Iran’s Qeshm Island near Strait of Hormuz hit by US strikes — WSJ6British Pound trades lower near 1.3400 as US midterm elections approach7Rebounding oil prices lift Canadian Dollar and weigh on USD/CAD8PBOC raises USD/CNY reference rate to 6.7150 from 6.71469WTI rebounds to around $95.50 on hopes of Iran peace talks
Connect With Us
Contacts
Phone: +61 2 8036 8388
Fax: +61 2 8036 8388
Email: support@tmgm.com
The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
Copyright © TMGM. All rights reserved