Russian ruble hits record low, trading on markets is suspended as Putin's forces attack Ukraine | Forex Factory

  • Russian ruble hits record low, trading on markets is suspended as Putin's forces attack Ukraine

    From markets.businessinsider.com

    The Russian ruble plummeted to a record low against the dollar on Thursday, after the country's leader President Vladimir Putin ordered an attack on Ukraine. The dollar was up more than 7% against the ruble, trading at 87.127, at 2:30 a.m. ET. Russian assets saw heavy volatility across the board in European trading. The country's stock index fell more than 20%, leading to a second day of halt in trading activities. "Trading on all markets has been suspended. The resumption will be announced later," MOEX Group, which runs the Moscow Exchange, said in a statement just before midnight, according to Reuters.

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Vancarbon
Feb 24, 2022 3:50am
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They're going to hit the Russian market into submission

Not by the bullet , it'll be a financial "attack " on all fronts , unified and coordinated
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Vancarbon
Feb 24, 2022 3:53am
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The country's stock index fell more than 20%, leading to a second day of halt in trading activities. "Trading on all markets has been suspended.

....and the selling pressure will be maintained imo on the ruble and concentrated on the Russian market(s)
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FXMasterZero
Feb 24, 2022 4:18am
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Im up over $11k in just a week and ive been mainly shorting US and buying Ruble. ?This is easy money if u can deal with the ridiculous spreads. im getting 2.0 lots filled at -$1200 lmao. this is just today alone
Attached Image (click to enlarge)
Click to Enlarge Name: lol.png Size: 52 KB
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Jugoslavija
Feb 24, 2022 6:27am
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Quoting Vancarbon
{quote} I would normally consider that patronising lol .... and yes I do know the correlation between currencies and competitiveness .... I don't think there was malice involved so all good There's also a lot of flaws in the reasoning/logic of that post .I won't be condescending and point them out . I'm sure you're smart enough to know . Ross on the other hand was being patronising :0)
Sorry,English is not my first language.Now I see the tone was not ok.
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RossEdwards
Feb 24, 2022 5:43am
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Wow.. Never figured that..
You mean that if we sell things cheap enough we can sell more???
Amazing.
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RossEdwards
Feb 24, 2022 5:56am
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Quoting FXMasterZero
Im up over $11k in just a week and ive been mainly shorting US and buying Ruble. ?This is easy money if u can deal with the ridiculous spreads. im getting 2.0 lots filled at -$1200 lmao. this is just today alone {image}
Great trade. All profits Courtesy of Центральный банк Российской Федерации,.!!
Like your timing.
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Jugoslavija
Feb 24, 2022 4:55am
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Quoting Vancarbon
The country's stock index fell more than 20%, leading to a second day of halt in trading activities. "Trading on all markets has been suspended. ....and the selling pressure will be maintained imo on the ruble and concentrated on the Russian market(s)
As a trader you do understand that Russian production is getting more and more competitive on international markets by Rouble going down and at the same time Russian Central bank assets going up? Stock market valuations are redundant for Russian population,their savings and pensions are not tied to stock market.
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Trader#30C0
Feb 24, 2022 4:07am
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Putin don't care.. he will mine gold as much as he wants as russia is the second biggest gold mine in the world..
he has prepared anything long time ago, all the sanctions will have no impact whatsoever ..
And look at gold price now.. the higher the gold price, the better for him
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RossEdwards
Feb 24, 2022 6:23am
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Thanks Van...

It wasnt me Gov
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Trader#B4D9
Feb 24, 2022 4:44am
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if they are going to take Russias piggy bank away they better do it completely and SWIFTly
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