The ceasefire is expected to come into effect on the ground once deal is signedIsraeli military will complete first phase of partial withdrawal within the first 24 hoursHostages may be released as early as Saturday and by Monday at the latest
At the same time, the Israeli military is also saying that it has begun operational preparations in order to implement the ceasefire deal above. The easing of geopolitical tensions here is a good thing for risk trades, though it has largely been phased into the background for quite a while now. But hey, it doesn’t hurt at least. The downside reaction was mostly contained to gold and oil prices, but both have since recovered losses from earlier in the day.
This article was written by Justin Low at investinglive.com.