Currency traders are starting this week as they finished the last week, trading the US Dollar from the long side. Geopolitical tensions are keeping foreign exchange traders cautious, which means a long dollar stance. There are no significant economic statistics to be released until the US trade deficit which will be revealed on Friday. So , the price of Oil and Gold will be just as keenly watched as the comings and goings at the United Nations. The US employment and wage statistics last Friday seemed to many to confirm that the Federal Reserve, under the new stewardship of Mr Bernanke, will be bound to raise interest rates by .25%. Caution should always be observed when markets rely on employment statistics to show where economic policy is heading. The US Dollar will invariably be bought by FX traders on dips unless the international situation changes. Currency traders will keep one eye on the levels at which there are likely to be option strike prices. If option strike prices are broken there could be a flurry of activity to cover positions.