Headline from Reuters:

  • US Secretary of State Kerry says if referendum on Ukraine’s Crimea goes ahead, there will be a ‘serious series of steps’ on Monday from the US and Europe against Russia
  • Tension between Russian and US over Ukraine ‘has the capacity’ to affect relationship with Moscow on Syria

Non-specific promises of retaliation are best for politicians because they don’t have to back them up with real action. For traders, it could spark some jitters into the weekend but this is my general and trading attitude toward Ukraine, at least until bullets begin to fly:

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