Military: Rocket hits Iraq base hosting US troops – AFP


As per the AFP news, published during Friday’s Asian session, a rocket slammed into an Iraqi base where American troops are stationed in the remote province of Kirkuk.

Key quotes

According to three separate Iraqi security sources, the Katyusha rocket hit an open area on the K1 base at around 8:45 pm local time (1745 GMT).

Both US troops and Iraqi federal police forces are stationed there but neither sustained casualties, according to a statement from Iraq's military.

It said security forces found the launch pad from which the rocket was fired, with 11 more rockets still inside, but the perpetrators were on the run.

Washington blamed the rockets on Kataeb Hezbollah, a hardline Iraqi military faction close to Iran, and conducted retaliatory strikes that killed 25 of the group's fighters.

FX implications

This should ideally weigh on the market’s risk-taking capacity as well as support the oil prices. However, nothing of that sort has happened due to the lack of activity during the Asian session as USD/JPY and WTI both seesaw mostly the same near 109.80 and $51.75 by the time of writing.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD hovers above multi-year lows amid coronavirus fears, ahead of ZEW

EUR/USD is trading just above 1.0820, the lowest since 2017, as the coronavirus outbreak is taking its economic toll on Apple among others. The German ZEW Economic Sentiment figure is eyed.

EUR/USD News

GBP/USD extends losses to sub-1.3000 area, UK unemployment rate in focus

GBP/USD stays mildly negative just below 1.30 while heading into the London open on Tuesday. UK’s Brexit negotiator shares the same view as PM Boris Johnson, increases the risks of hard departure. UK employment statistics will be the key to clarify on the BOE’s bearish bias.

GBP/USD News

Forex Today: Coronavirus takes a bite from the apple, Gold gains, Bitcoin bounces

The coronavirus outbreak's economic impact is growing as Apple, the iPhone maker has issued a warning that it is unable to meet its guidance due to production and issues and closed stores in China. The tech giant's announcement has been weighing on the market mood, pushing gold and the yen higher. 

Read more

Gold: Positive beyond six-week-old falling trendline

Gold prices take the bids above $1585, +0.35%, during the pre-European trading on Tuesday. The yellow metal recently broke a downward sloping trend line stretched from January 08. Early-month top on the buyer’s radar.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex MAJORS

Cryptocurrencies

Signatures