First week of every month is filled with lot's of major news events, such as Interest Rate Decisions and Manufacturing Data which create lot of whipsaw price action and volatility for major currencies. However, all eyes are focused this week on ongoing tension between Ukraine and Russia and traders are expecting some massive price movements.

When currency market opened on Monday, lot of pairs opened with huge gap and the price action indicated risk-off mode, London session was more of a consolidation, however in New York session we have once again seen risk-off sentiment and USD strength. All in all I am anticipating a very interesting week ahead.
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