There is no much to think about if you are long term Forex investor. Russian currency have never been so cheap before and will not stay here for long. After Ukraine crisis is over and the pace of sanctions had calm, we can expect speculation and investment to come back to Moscow to carry on as usual. This is the most powerful country on this globe. Its currency is...
If Russian USD debt isnt fully paid that would be the perfect catalyst to push even lower the Ruble. The Russian situation has been the most interesting currency trade last couple of months
The USDRUB blow up was something we can compare to the big USDJPY move. The difference is that this was not due to a change in monetary policy. Of course RUB will not weaken forever. From time to time the Russian Central Bank tries to block the sharp wekness. They have already spent huge amounts on FX intervention, but of course it was not enough to stop or...
The Russian authorities are concerned with the current level of the Ruble. That means they will use measures that can add value to the Ruble. So you have the Russian central bank with you on this trade.
The Russian Ruble is highly correlated with the Russian stock market, that means an inverse correlation with USDRUB. I believe that the Russian stock market is...
USDRUB has touched the long-term uptrend line and has broken the short-term downtrend line. It seems the correction is over and the new motive wave up has started. My target: 40-41 rubles per $1 in 1-1.5 years.
the U.S. and the European Union announced a fresh round of sanctions against Russia on Wednesday 16 of July following the annexation of Crimea back in March and ongoing tensions in the east of Ukraine. The U.S. package was the largest round of penalties so far, with Russia's oil producer Rosneft hit as well as other energy, financial and defense firms....
Support comes in at HS at 36,18 and around 36,00
w the TL/Daily S1. A break below would bring interest
to the larger, daily completed AB=CD Bearish pattern.
Topside, resistance at 36,55 and 36,75.
Further down, support comes in at 35,85/35,75 and
FIB/PIVOT confluence at 35,24-28.
Price has completed a rather harmonic AB=CD with this
last move up. A break above 37,20 could accelerate upward
move, since a failure of respecting the pattern completion
often result in dramatic PA. However, from a technical
point of view on Daily time frame, the level right now is not
attractive for longs. Either wait for a break higher (preferably
on a close...
