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French Planes Strike Libya

Following the UN’s decision to authorize air strikes in Libya, the French air force is see in the skies of Libya, and they probably began striking targets.

In the 36 hours that followed the decision by the UN Security Council in New York, Gaddafi has declared a ceasefire, but his forces continued to advance rapidly towards Benghazi.

The operation came as representatives of 22 countries met in Paris discussed the details and set 31 initial targets. Britain will join the operation soon, together with Canadian, Norwegian and Qatarian forces.

The US Air Force will probably join later, as President Obama is out of the country. He’ll get back in a few days and probably sent his forces as well. The Americans are likely to join if Gaddafi uses missiles to attack French targets: either in the sea or in France itself. Libya has long range missiles capable of this.

Oil prices will probably rise, and so will the Swiss franc and Japanese yen.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.