Market Updates: Safe Haven Triggers, Russia Plans to Launch New Missile Systems! - Forex News by Strategia Forex

Market Updates: Safe Haven Triggers, Russia Plans to Launch New Missile Systems!

Posted Tuesday, February 5, 2019 by
Arslan Butt • 1 min read

As per recent news from Moscow, Russia will run to produce two distinct land-based missile launch systems before 2021 to counter to Washington’s planned departure from a landmark atomic arms control pact.

President Vladimir Putin announced during the weekend that Russia had rejected the Cold War-era Intermediate-range Nuclear Forces Treaty (INF), which forbids both countries (USA and Russia) from placing short- and intermediate-range land-based missiles in Europe.

The market gets nervous by the likes of these fundamentals and investors trigger the uncertainty. For now, the market hasn’t shown any reaction, however a response from the United States can trigger safe-haven appeal in the market. GOLD may trade bullish over this news while keeping the stock markets under pressure.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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