Overnight the Ukrainian situation was ignored in large

Overnight the Ukrainian situation was ignored in large. However, it is a conflict waiting to ignite. The biggest development is interim president Oleksandr Turchynov announcing that the country will vote on a national referendum to turn the republic into a federation. This is a massive change in tact from the Ukrainian side as this is the vote that Russia has been pushing for. It has the prospect of dividing the country straight down the middle. The ethnic Ukrainian west and the ethnic Russia east continue to taunt each other with political vitriol which could see a clear divide. The questions become does eastern Ukraine vote for annexation like Crimea and join the Russian Federation, or does it vote to join the new Ukrainian Federation and somehow get the Russian ethic population to accept this? In short, further conflict in the country is a certainty watching gold, EUR, DAX, ruble and Micex (VIEW LINK)


2 topics

Evan Lucas
Market Strategist
IG

Evan joined us from RBS Morgans and has been working in financial markets and the banking sector for over four years. He started his career in Amsterdam with the former ABN AMRO, transferred to The Royal Bank of Scotland and then moved back to...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.