Holiday Companies Left Reeling After Egypt Air Disaster

With tens of thousands of holidaymakers left stranded in Egypt due to the recent air disaster, Binary Options traders may be wondering if this alleged terrorist attack is going to have an affect both on the share values of companies based in the holiday and travel market sectors and on airlines too.

This is something which does need thinking about, for with people based in countries such as the UK, France and Germany and also Russia choosing to take their winter breaks is the hot and sunny Egyptian climate there are sure to be same major knock on effects due solely to that air disaster.

However, we have seen no major changes in regards to the share values of major airlines and travel companies so far. But that may change as soon as emergency flights which have been laid on today and tomorrow to bring back stranded tourists finally arrive and bring back those holiday makers.

The companies who may see a reduction in the value of their share values are going to be those who base a lot of their business on flying holiday makers to and from Egypt.

However, with most companies offering holidays and flights to all destinations of the world, it is likely to be the case most people who had planned on visiting Egypt will simply select somewhere else to visit instead.

If you are thinking of placing some trades in the next few days or even weeks then one thing that will be affected by the recent air disaster will be the value of the Egyptian Pound, and as such it may be worth you placing some Forex related trades on that currency and pairing it up with some of the major currencies of the world.

We have already started to see the Egyptian Pound losing value with most other currencies and if their holiday and tourist industry is going to be massively affected by the air disaster, and it is increasingly looking like it will be, then the value of the Egyptian Pound may go into freefall.

So you are likely to see many more chances of locking in a profit by placing your trades on the currency of Egypt rather that risking your trading funds on taking a punt on holiday and travel companies, as they are unlikely to be hugely affected by the current situation.