The South China Morning Post have reported on a UN excoriating 100-page analysis, where the UN’s special rapporteur said that the death of journalist, Jamal Khashoggi, was ‘an international crime’, citing ‘credible evidence’ that Saudi crown prince Mohammed bin Salman could be liable for the killing.
"The report used recordings of conversations from inside the Istanbul consulate where Khashoggi was killed to piece together the journalist’s final moments. The crown prince of Saudi Arabia should be investigated over the murder of the dissident journalist Jamal Khashoggi because there is “credible evidence” that he and other senior officials are liable for the killing, according to a damning and forensic United Nations report.
In an excoriating 100-page analysis published on Wednesday of what happened to Khashoggi last October, Agnes Callamard, the UN’s special rapporteur, says the death of the journalist was “an international crime”.
“It is the conclusion of the special rapporteur that Mr Khashoggi has been the victim of a deliberate, premeditated execution, an extrajudicial killing for which the state of Saudi Arabia is responsible under international human rights law,” she says.
FX implications
There are no direct implications of such news at this time to the FX space, although there is a focus on the Middle East with geopolitical relations already on tenterhooks between the US, the Saudis and Iran. Risk Fx will be underpinned on escalations of such news.
It should be noted that the Trump administration has blatantly turned a blind eye to this situation, concerned more about the strategical alliance it has with the Saudis. However, overnight, that relationship took a blow when the Republican-led Senate voted Thursday to block $8.1 billion in U.S. arms sales to Saudi Arabia and other Arab allies - US Legislators are clearly outraged with the kingdom which has delivered a symbolic rebuke to Trump.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD remained bid above 0.6500
AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.