USD/RUB 6 replies
Rub's accountability 184 replies
Which brokers pay big swap for USD/RUB short position? 8 replies
Shorting Eur/Rub 3 replies
Reliable broker for USD/RUB 26 replies
QuoteDislikedBut why is this happening right now? What changed on Monday?
What we're seeing in recent days resembles full-blown panic. There's nothing really new. At this point, it's about psychology: Fear has taken over, and there's clearly a rush on the part of traders and investors to get their money out of Russian assets. We're seeing a run on the entire country.
QuoteDislikedWhat’s the best-case scenario for Russians right now?
In an ideal world, Putin would see that his economy is crumbling (the weakening currency and surging interest rates make for a deadly combination of economic contraction and rampant inflation) and take steps to convince Europe and the U.S. to ease the sanctions. That would probably be enough to stem the panic and also offer real economic benefit. To do that, he'd have to dramatically pull back activity in Ukraine; frankly, that's extremely unlikely. Putin's adventures in Ukraine are very...
DislikedThe Russian stock market has been getting pummeled along with the Ruble; is it just me or does seem like the perfect opportunity to get in (if anyone is able to)? Rubles are dirt cheap right now and you can buy those Russian stocks dirt cheap as well... hypothetically, if one were to convert their Dollars to Rubles and scoop up Russian stocks, when both go up in value the gains will be magnified. No one wants anything to do with Russian stocks right now, sort of reminds me when the US market bottomed out in early 2009.Ignored
DislikedI'm out, closed all shorts in the 67's. Too many brokers are no longer going to allow trading the RUB and/or increasing margin requirements. Small adds with microlots turn into big gains/losses. This is too volatile for me, I'd like to sleep comfortably tonight lol. Too risky to get caught long or short and be closed out of the position by the broker (not margin called, but just because they decide they no longer want to offer the pair) before the move/profit comes. I will constantly monitor the RUB as I find all the news fascinating; currency value...Ignored
DislikedThe Russian stock market has been getting pummeled along with the Ruble; is it just me or does seem like the perfect opportunity to get in (if anyone is able to)? Rubles are dirt cheap right now and you can buy those Russian stocks dirt cheap as well... hypothetically, if one were to convert their Dollars to Rubles and scoop up Russian stocks, when both go up in value the gains will be magnified. No one wants anything to do with Russian stocks right now, sort of reminds me when the US market bottomed out in early 2009.Ignored
Disliked{quote} We haven't seen anything yet. Back in 1998 the Russian interest rate was *150%* - read that again. No point in getting in until the dust settles and even that's debatable. Who the hell knows what kind of crazy idea will Kremlin pursue to resolve these issues. We're talking major geopolitical risks here, not just economic ones. What we're seeing is complete dismantling of their economy and the real $hit hasn't really hit the fan yet. Gazprom is talking about laying off 1/5 of its workforce (give and take 85,000 people). God only knows what...Ignored
DislikedNot sure if anyone is still brave(/foolish?) enough to trade the pair, but thought this was a hell of a good analysis of the situation (especially in relation to potential for a default) by James Rickards: http://www.bloomberg.com/video/ruble...SlmLCVHIQ.html On a humorous note, the spreads offered by Forex.com are now 52,897 pips (with no open trades available however). You have to admit, that's pretty funny. {image}Ignored