Multiple deaths reported in shooting at Munich Shopping Center

Felipe Erazo FXStreet

Munich police confirm that a major operation at Olympia-Einkaufszentrum Mall is underway, after shots have been fired and H24-TV says there are casualties. On social media videos, people can be seen running with their hands up, while others are hiding within the facility.

UPDATE (20:29 GMT): Death toll has risen to 8, Munich Police confirmed via Twitter.

UPDATE (20:06 GMT): At least 3 people in serious conditons on Munich hospital and an unknown number with moderate injuries after shooting, says Süddetsche Zeitung.

UPDATE (19:44 GMT): Munich police reports 6 people killed, still unknown number injured in shooting attack. Also, authorities say that only one shooting location has been confirmed and they're looking for up to three gunmen.

UPDATE (17:28 GMT): Local police via Twitter (@PolizeiMuenchen) is asking people to stay away from public spaces. Also, reports crossing the wires say that there are several shooters on a second incident in Stachus area of Munich. No one has been arrested yet.

UPDATE (17:10 GMT): No clear information about casualties, but AFP says there is one person killed and 10 injured. German television NTV is reporting "possible" 10 deaths in shopping center, while Muencher Abendzeitung newspaper talks about possible 15 fatal victims.

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

EUR/USD holds steady above 1.1850 in quiet session

EUR/USD stays defensive but holds 1.1850 amid quiet markets in the European hours on Monday. The US Dollar is struggling for direction due to thin liquidity conditions as US markets are closed in observance of Presidents' Day holiday.

GBP/USD flat lines near 1.3650 ahead of UK and US data

GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.3650 on Monday. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important data releases from the UK and the US.

Gold corrects lower, tries to stabilize above $5,000

Gold started the week under bearish pressure and declined to the $4,960 area before staging a modest rebound. As trading volumes remain thin with the US financial markets remaining closed on Presidents' Day holiday, XAU/USD looks to stabilize above $5,000 ahead of this week's key data releases.

Bitcoin consolidates as on-chain data show mixed signals

Bitcoin price has consolidated between $65,700 and $72,000 over the past nine days, with no clear directional bias. US-listed spot ETFs recorded a $359.91 million weekly outflow, marking the fourth consecutive week of withdrawals.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

Monero Price Forecast: XMR risks a drop below $300 under mounting bearish pressure

Monero (XMR) starts the week under pressure, recording a 4% decline at press time on Monday after a 7% drop the previous day, putting the $300 support zone in focus.