USDRUB continues to trade within borders we defined in our last update, however the range has narrowed. (see related idea)
As volatility compresses, and the price is trading between upper 1st standard deviation from 1-year mean and lower 1st standard deviation from quarterly mean, there current range now is 62-66.5
USDRUB is very correlated to WTI Oil, which is...
The BRICS (Brazil, Russia, India, China and South Africa) are highly watched emerging markets because they represented roughly 22 percent of global GDP in 2014. However, the global economic slowdown and increased geopolitical tension has weighed heavy on these markets. Although, India may be the most resilient economy out of the BRICS.
India has felt its share of...
WTI Oil measured in Russian Rubles reveals some hidden truth behind USDRUB rate against the background of falling Crude prices.
The idea of Ruble devaluation is to hold oil price measured in Rubles within 1st standard deviation from 1-year mean. (current target range is thus 2800-3475 Rubles per barrel)
Basically such policy creates PERCEIVED budget stability,...
People are starting to talk about the Russian ruble again after 3 months of practically no chatter on the Twittersphere following the December RUB crisis. Amazingly, the ruble is one of the best currencies in 2015. Given the poor fundamentals in the Russian economy, I'm starting to become a bit skeptical on the potential for further USDRUB losses over the medium...
In my previous analysis "Que 2008," I likened this drop in oil similar to the one we've seen in 2008. This was based on both over leverage in the oil and equity markets, diverging fundamentals and a strengthening dollar throughout 2009 - which brought on deflation.
Prices did collapse through $60 as expected, and nobody is willing to cut production to reserve...
