Tuesday, March 22, 2016

Brussels Blasts Impact The Markets

This morning the people of Bruxelles woke up to deadly scenes all over the news. Two explosions occurred at Brussels airport and reports of blast in metro. 17 people have been reported killed and dozens are injured. Airports are in lock down, main stations and metro system are also shut down until 6AM tomorrow morning due to a suicide bomb attack and a follow-up blast at the airport and the metro.

The situation impacted the markets immediately. Gold is up $16 to $1,260 from $1,244, the euro is down against the dollar to 1.1188 from 1.1258. All European currencies suffered a decline. Because of the uncertainty caused by the attacks in Brussels, staying out of the markets would be the safest thing you can do today.

My prayers are with the people of Brussels. Stay strong!


8 comments:

  1. This is a terrible tragedy and an unspeakable crime.

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  2. My thoughts are with those poor people.

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  3. To destroy is easier than to create, and that is why so many people are ready to demonstrate against what they reject.

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  4. Very important article that we should follow the developments.

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  5. The attacks come as Europe prepares what for many will be a long holiday weekend. Gold, dollar and yen start to increase as a result.

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