Posted: Apr 18, 2012 19:04
The trade has been to ignore Ukraine until the bullets started flying, well on Tuesday they began to fly and it caused a bout of risk aversion. The US dollar was the top performer while the yen lagged. Chinese GDP is a major risk in the hours ahead. Existing trades on EURUSD GBPUSD USDJPY USDCAD USDCHF and AUDIO remain in progress and a new round of Premium trades will be issued tomorrow.
Tuesday was a busy day in markets. The initial focus was on US CPI (slightly high) and the Empire Fed (soft) but quickly shifted to Ukraine. On the weekend, pro-Russia separatists captured about a dozen government buildings in Eastern Ukraine. The government pledged a military response and delivered it by retaking an airfield.