Russian Ruble Rates|Rouble Charts|Russia Ruble RBL Quotes|Ruble News|Russian Ruble Research - gohabizaw.web.fc2.com

Oil Crumbles, Cable Reverses and the Dollar Continues with Bullish Structure. GBP Reacts to CB Talk as the Queen Speaks. USD Waits for Fed Speakers; NZD Vulnerable to RBNZ. Gold, USD Strong Inverse Correlation and in Confluence. FTSE Further Develops Range on Sharp Turn Lower.

Forex Rating - Best Forex Brokers & Forex Companies, Top Forex Brokers and Binary Options Brokers on gohabizaw.web.fc2.com

Dow Jones Industrial Average Struggles to Hold the Gap Higher. Quantitative analysis, algorithmic trading, and retail trader sentiment.

The Russian Ruble continues its plunge versus the US Dollar, and the overall trend is crystal-clear. Yet buying USD RUB seems exceedingly risky. We look to potential alternatives. Ruble Continues Sharply Lower — Direction is Clear. We have recently warned that the Russian Ruble looked at increased risk of continued tumbles and that said volatility could force especially large tumbles in key currencies. And indeed official responses to the USD RUB surge has been insufficient to stem losses.

The temptation as traders is clear: Yet we highlighted a key reason why traders should avoid holding USDRUB positions in a special report from last month: Russian Ruble Plummets to Fresh Lows, USDRUB Trend Seems Crystal-Clear. Lessons from Russ i an debt default of tell us that a political solution will seek to inflict maximum damage on those speculating on further weakness in Russian financial markets.

Russian Ruble Rates|Rouble Charts|Russia Ruble RBL Quotes|Ruble News|Russian Ruble Research - gohabizaw.web.fc2.com

If the Central Bank of Russia is unable to stop further USDRUB rallies via interest rate hikes and interventions, we believe that the Russian government will effectively halt speculation on the domestic currency. Near-zero short-term interest rates in the US Dollar and other major currencies should make investors more than happy to receive 10 percent yields.

USD to RUB Exchange Rate - Bloomberg Markets

And yet the Ruble rout continues; it will be critical to see how markets react to the massive, unexpected interest rate hike.

If Russia Defaults or Institutes Capital Controls, We Expect Significant EM Declines. Last week we highlighted key reasons that Emerging Markets—and EM currencies—would likely do very poorly if Russia were to default on its debt.

The implications seem quite similar if Russian officials were to institute aggressive capital controls. South African Rand, Mexican Peso, and even Norwegian Krona at Risk as Ruble Plummets. And though the Russian currency has clearly fallen further and faster than any of these counterparts, the real financial risks of holding Ruble positions have grown too great as this ongoing crisis sees few signs of slowing.

Could we see a Repeat of ?

If so, Investors Should Batten Down the Hatches. If we take a fairly conservative view of the current Russian crisis, any future government actions could be fairly limited in scope and their effects will be felt in the Ruble as well as Ruble-denominated assets.

Yet as our focus from last week highlights , a further worsening could have substantial knock-on effects not only in Emerging Markets but also in Developed Markets and currencies.

We believe the Euro seems especially at risk on further turmoil given economic links and geographical proximity to Russia—particularly as Western Europe and its allies leave Russia politically isolated. Contact and follow David on Twitter: DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Market News Headlines getFormatDate 'Wed Jun 21 GBP Reacts to CB Talk as the Queen Speaks getFormatDate 'Wed Jun 21 Technical Analysis Headlines getFormatDate 'Wed Jun 21 Gold, USD Strong Inverse Correlation and in Confluence getFormatDate 'Wed Jun 21 Education Beginner Intermediate Advanced Expert Free Trading Guides.

Click here to dismiss. Get Your Free Trading Guides With your broad range of free expert guides, you'll explore: News getFormatDate 'Wed Jun 21 News getFormatDate 'Tue Jun 20 Upcoming Events Economic Event. Forex Economic Calendar A: NEWS Articles Real Time News Daily Briefings Forecasts DailyFX Authors. CALENDAR Economic Calendar Webinar Calendar Central Bank Rates Dividend Calendar. EDUCATION Forex Trading University Trading Guide. DAILYFX PLUS RATES CHARTS RSS. DailyFX is the news and education website of IG Group.