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Ruble

USDRUB Russian ruble is no longer aligned to Crude Oil priceI don`t want to be prophetic, but does George Soros ( 91 years), The Greatest Speculator of all time, want to be remembered as The Man Broke the Bank of Russia too? Developments in Kazakhstan and NATO supporting Ukraine to defend against an invasion from Russia are bad signs for the ruble. US, UK and other officials started the evacuation of their embassy employees Kyiv. The US, UK and other NATO members warned Russia about the heavy sanctions bombardment in case the tension with Ukraine escalates. Bank of Russia wants Full Ban on Crypto, calling Bitcoin a Ponzi scheme. Russia's central bank consider trading, mining and crypto usage illegal. the Russian Ministry of Finance also announced a halt of foreign currency purchases, to withhold the further downslide of the ruble. I see an imminent breakout of usd to all time high if the tensions escalates. Looking forward to read your opinion about it.
Long
by TopgOptions
7
Is this why Russia goes to War?The ruble has been under constant strain from US exporting inflation, even more so during COVID. The ruble is already near record low valuations against the $. Russia has been forced to stem inflation by raising rates: "Reuters: MOSCOW, Dec 17 (Reuters) - Russia's central bank raised its key interest rate by 100 basis points to 8.5% on Friday and said more than one rate increase was still possible in coming months as inflation was near a six-year high. Russia has raised the rate seven times this year from a record low of 4.25%, increasing the cost of borrowing to fight stubbornly high price pressures and expectations for inflation - its main area of responsibility - that are close to a five-year peak." Russia has a severe dollar problem and it seems she is ready to play her trump card. Russia has been feverishly buying gold since 2012, tripling their reserves : (source: tradingeconomics.com). Does Russia along with China and others announce a Gold backed Ruble/Yuan? They cannot risk invasion without severe inflation/hyperinflation. They need to get off the dollar system, the US is already threatening SWIFT. Is this why Russia and China are ready to go to war? To defend their new currency?
by ColdGoAt
USDRUB - Long term view:Greetings dear traders & investors! To your attention we want introduces our long-terms technical view to Russian ruble. As you see, Russian currency get a long term uptrend from 2014 and after ABC-move we start 1-5-move to 90. In 2021, when Biden was come a president of United States, we waiting a strong political and economics restrictions from him on Russian economy. But restrictions is only one part of problems, more important how markets will look on grow up yields of US treasuries. By the way, current oil price is to expensive and looking overbuying and it must some correction here. We also must look in US stock markets, because current technical view is a bad to, lot of professional funds and banks are sell out their positions to retail traders from Robinhood Markets and others. So, we do not want guess, when the moving is start, we just want get you attention to important levels: Resistance: 76.30-76.90 | 79.20-79.80 | 82.80-83.40 Support: 72.80-73.40 | 70.30-70.90 | 66.90-67.50 | 64.50-65.10 With best regards, WMCI.
Long
by WockBruder
2
Cycle is down for the dollar against the Russian ruble.Longer term cycle is down as well as the medium term cycle. Medium term trend is down until June - what a coincidence - cycles for silver are UP until about the same period. That's no surprise silver has a correlation with Ruble. Russia is a large miner of all metals, and silver is in the list. When Russia sells their silver on the open market they receive dollars and exchange them for rubles forcing the dollar to go down in value. The higher the price of silver, the more dollars miners receive - the more demand for Russian ruble. This of course is a very simple representation, however it clearly explains the logic of cycles and how they correlate to one another. Downside price target is 65 rubles for one dollar. Stay tuned for a few more updates today. Please remember futures trading involves a substantial risk of loss and is not suitable for all investors.
Short
by CSInvestment
2
USDRUB could drop to RR 66-68 once below 72The RUB is getting stronger amid global weakness of USD (DXY) and rising crude oil. Below RR 72 the move to the upside could be invalidated. There is a chance that this drop could extend to the downside to build the large wave Y of WXY flat correction. We saw such a drop in wave W before. The minimum target is to hit the start point of wave X at RR 68. The equal distance with wave W could send the USDRUB even deeper to RR 66. I added the inverse UKOIL on the left scale. It shows that RUB accumulated a huge divergence as oil is rising and RUB doesn't catch up with it. Before last summer the correlation worked amazingly well. Do you agree with this view? Please share your comments below. Cheers!
Short
by aibek