Reports of rockets hitting Iraqi green-zone

Developing story

Air raid sirens are reportedly coming from the US embassy and explosion that sounded like rocket landing, but its unclear whether its in the Baghdad green zone or a nearby neighbourhood. Markets are on high alert but false reports are to be expected, yet it is crucial to stay aware of these rumours as they develop.

Yesterday, we faced simial reports early on, with confusion as to whether the reports of missiles fired at a US base were indeed real or not. As it transpired, they turned out to be real but it took the market quite some time to react.

What is expected, is that these latest attacks could well have come from the network of Iran-backed militias in Iraq, Syria, Lebanon and Yemen remain intact, and analysts believe hardliners will be empowered by the assassination of Soleimani.

Update

Iraqi military says two katyusha rockets fall inside Baghdad's green zone, no casualties – Statement
Iraqi Government statement: Two Katyusha rockets hit Baghdad's Green Zone. No casualties reported.
(Reuters) - Three Katyusha rockets fell on Wednesday inside Baghdad's heavily fortified Green Zone which houses government buildings and foreign missions, causing a fire, Iraqi police sources told Reuters.

Sirens were sounding inside the Green Zone, and at least one of the rockets fell 100 metres away from the U.S. embassy, the sources said.

Market reactions

On the knee-jerk of these rumours, the Yen has strengthed, from a high f 109.20 to a low of 109.00 so far. Gold prices have also popped from $1,553. to a high of $1,562.

Share: Feed news

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.