US, UK and France launch Syria strikes targeting Assad’s chemical weapons

Washington (CNN)The US, UK and France launched strikes against targets at three sites in Syria in the early hours of Saturday morning, following a week of threats of retaliation for an alleged chemical weapons attack on civilians in the Damascus enclave of Douma.

“I ordered the United States armed forces to launch precision strikes on targets associated with the chemical weapon capabilities of Syrian dictator Bashar al-Assad,” Trump said late Friday at the White House.
The strikes were launched at 9 p.m. ET, as most of Europe and the Middle East was shrouded in darkness. Photos showed missiles streaking over the night sky in Syria, and witnesses told CNN they heard explosions in the capital Damascus as Trump was making his address. Read More @

Russia warns of ‘consequences’ for US-led strike on Syria

  • Russia’s ambassador to the U.S. warned there would be “consequences” for the strike on Syria, and that a “pre-designed scenario” was underway.
  • In ordering strikes on Syria, President Donald Trump called out both Iran and Russia for their support of Bashar Assad’s government. Read More @


USD will go under pressure this week; we maintain BUY for EUR.


  1. 7.01am – NZD will open and the market should react after Saturday morning bombing in Syria and Russia threatens.
  2. 2.00pm – EUR will go to action when Germany releases the WPI data – which we are expecting to be good. We maintain BUY for EUR.
  3. 8.30pm – USD will release the Core retails sales – which is expected to be neutral or weak; as for manufacturing we are expecting to be good. We maintain SELL for USD.
  4. 10.00pm – US will release the Business Inventories and we are expecting the data to be weak or neutral.

Overall the market will be bias towards the USD as the market is looking towards China for greater initiative to lead the global market. We buy CNH and SELL USD.

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