Rumour: U.S. airstrikes are ready to start hitting Iranian targets in Syria


There are rumours that U.S. airstrikes are ready to start hitting Iranian targets in Syria. 

There are additional reports that the Turkish military vehicles have entered Syria. There is speculation of troop-build up ahead of an invasion.

Also, a US Defense Official has said Iranian boats asked tanker to stop in Iranian waters close by but withdrew after warnings from a British warship.

Market implications:

This is not positive for risk and could counter some of the risk-on sentiment following the dovish rhetoric delivered in Powell's testimony to Congress overnight.  However, so far, nothing not impacting the markets...

Meanwhile, Oil prices have been on the rise. "The latest rise in prices comes on the back of reports that the US considering letting Venezuelan waivers expire for Chevron and other US companies, which would significantly hasten the deterioration in Venezuelan crude production, which is already some 1.6m bpd below its June 2015 levels," analysts at TD Securities explained, adding, that further supporting prices are the "boiling tensions with Iran, which continue to rise as Rouhani considers 'consequences' for the UK's decision to seize an Iranian oil tanker". 

"We continue to suspect that the combination of continued OPEC+ supply discipline, lower US inventories, Libyan and Venezuelan production risks, along with boiling Iran-tensions will all help to lift crude higher, even as demand expectations moderate somewhat. For momentum followers, trends are weak."

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD consolidating its losses amid Brexit and trade uncertainty

EUR/USD is off the weekly highs but holds onto 1.11 amid uncertainty about the Brexit process and doubts that the US and China can reach a deal. Tension toward the ECB meeting mounts.

EUR/USD News

GBP/USD attempting to recover after parliament slowed down the Brexit process

GBP/USD is moving up toward 1.29, trying to recover after parliament rejected the fast-track process that PM Johnson wanted for approving his Brexit deal. An extension to Article 50 and elections are on the cards.

GBP/USD News

USD/JPY struggles below mid-108.00s, over one-week lows

The Greenback held weaker against its Japanese counterpart, with the USD/JPY pair struggling below mid-108.00s, or over one-week lows set earlier this Wednesday.

USD/JPY News

Gold: Clings to gain near the top end of 2-week old trading range

Gold gained some follow-through traction for the second consecutive session on Wednesday and is currently placed at the top end of a near two-week-old trading range.

Gold News

Cryptocurrencies price prediction: Bitcoin Cash, Ethereum & IOTA

The crypto market is bleeding across the board. Major cryptos like Bitcoin and Ethereum fall overnight while Bitcoin Cash engaged the reverse gear during Wednesday’s European session.

Read more

Forex MAJORS

Cryptocurrencies

Signatures