Risk 0 – Ukraine 1

April 16, 2014 by

Well that’s at least how I see it. News reports have just encouraged bids on CHF, JPY and XAU….. so it’s hard on intra-day positions to ignore the situation.


Given that the market knows all, bear in mind that yesterday’s price moves reflected 11 deaths and some strong words form the key players and this morning a risk indicator like the US Treasuries are back to where they were.



People, and therefore the markets, forget quickly, so we will need an escalation in events to provide the same response….. it’s a bit like a crack habit.