USD/RUB Daily Outlook
Updated
https://goo.gl/er29WM
https://goo.gl/iz11Bs
Today, the overall USD sentiment was bullish as a continuation of latest hype on the tax-reform that POTUS will present in the next future.
What also helped the USD bullish sentiment is the expected good outcome of this weekend’s meeting between POTUS and Japan’s Prime Minister.
One exception was the USD/RUB: USD lost 1.25% against the RUB. The possible reason for this is that markets might be foreseeing a reduction in the sanctions grip on Russia in the near future.
The no-brainer direction in this pair is still to the downside ruled by a descending-channel in the Daily chart.
The likelihood of this pair moving upside is thin but we shouldn’t rule out the sentiment of obvious oversold condition since the markets are feeling they might have anticipated correctly a release of the sanctions on Russia.
Trade safe!
Alberto Alvarado
https://goo.gl/iz11Bs
Today, the overall USD sentiment was bullish as a continuation of latest hype on the tax-reform that POTUS will present in the next future.
What also helped the USD bullish sentiment is the expected good outcome of this weekend’s meeting between POTUS and Japan’s Prime Minister.
One exception was the USD/RUB: USD lost 1.25% against the RUB. The possible reason for this is that markets might be foreseeing a reduction in the sanctions grip on Russia in the near future.
The no-brainer direction in this pair is still to the downside ruled by a descending-channel in the Daily chart.
The likelihood of this pair moving upside is thin but we shouldn’t rule out the sentiment of obvious oversold condition since the markets are feeling they might have anticipated correctly a release of the sanctions on Russia.
Trade safe!
Alberto Alvarado
Trade closed manually
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