ridethepig | RUB Market Commentary 2019.02.12
Here we go for a round of EM FX market updates and with Oil on the move first up USDRUB.
After the doldrums of Thanksgiving liquidity is starting to enter back into play, although with market out of position there is no need to overload exposure. The USD tide is turning and clients here are pressing the buy side on RUB crosses to play the dollar sell-off.
More activity coming with NY session, a good level to pick up offers as the cross drives through technical momentum at 64.3x.
Best of luck all those in RUB
After the doldrums of Thanksgiving liquidity is starting to enter back into play, although with market out of position there is no need to overload exposure. The USD tide is turning and clients here are pressing the buy side on RUB crosses to play the dollar sell-off.
More activity coming with NY session, a good level to pick up offers as the cross drives through technical momentum at 64.3x.
Best of luck all those in RUB
Comment:
A simple breakdown in play for the NY session
Trade closed: target reached:
Well done all 63.4x targets reached!
