Israeli army announced that, in response to Hamas' violation of the ceasefire, it has targeted the group's infrastructure in the Gaza strip over the past 24hrs

Israeli army announced that, in response to Hamas' violation of the ceasefire, it has targeted the group's infrastructure in the Gaza strip over the past 24hrs.

The Israeli army's recent military actions against Hamas signal a potential escalation in the region, which could impact risk sentiment across markets. This development may lead to a flight to quality, benefiting safe-haven assets like gold and the USD, while also increasing volatility in commodities such as oil. Traders should watch for broader geopolitical repercussions that may affect currency pairs, particularly those involving the JPY and EUR, as market participants re-evaluate their exposure amid rising tensions.