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  • Russian rate hike fails to halt ruble's fall

    From cnbc.com

    Emergency measures by the Russian central bank Monday night, aimed at limiting the ruble's devaluation, looked to have fallen short within hours of their announcement, with the ruble tumbling against the dollar as traders continued to dump the Russian currency Tuesday. The Central Bank of Russia (CBR) unexpectedly hiked rates by 650 basis points in a midnight session on Monday evening. It raised its base rate to 17 percent from 10.5 percent after the ruble suffered its worst trading day for 15 years. The currency rebounded at the open on Tuesday, appreciating 9 percent against the dollar. However, the ruble soon ... (full story)

Putin needs to let the ruble crash and burn......
Traders are smart [email protected]@@rs and i am not talking about FF traders
  •  Guest
  • | IP XX.X.15.153
Quoting timos
Traders are smart [email protected]@@rs and i am not talking about FF traders
are there other non FF traders - who are you taking about
At this rate, Russian S-300 and S-500 will be a bargain to purchase.....
Quoting Schminner
At this rate, Russian S-300 and S-500 will be a bargain to purchase.....
Maybe, but many said that of stocks in the middle of the GFC. Hard to know bottom.
wipe out or get rich currency.....my lucky day
...IMHO, this rate hike looks to me more like a panic attack, rather than a calculated strategic movement...
Alpari UK, wont take any trades.
  •  Guest
  • | IP XX.XXX.14.106
Quoting EventHorizon
Alpari UK, wont take any trades.
elborate this could be important for other locations.
all Russia has to do to end this game is say, "we only accept gold for gas", and gold and gas would jump, and currencies would plummet.

The only reason Russia hasn't done this yet? China won't let them, China's not done sucking up all the gold they can with worthless dollars.
Alpari UK said that they are not taking any USDRUB trades. How much clearer does it need to be stated?
Crimea won't be returned, hence expect oil $20-40, usdrur around 85-100
no rate hikes would help, but still I expect more of them up to 50% and only then expect the nominal value of rur to be decreased maybe by 10% to start with...
Quoting EmptyEterniT
all Russia has to do to end this game is say, "we only accept gold for gas", and gold and gas would jump, and currencies would plummet.

The only reason Russia hasn't done this yet? China won't let them, China's not done sucking up all the gold they can with worthless dollars.
Is so funny people think you can fix the effects, how would they use that gold to pay the people that work in the gas industry, they would have to sell that gold and we are back to square one.
  •  Guest
  • | IP XX.XXX.33.15
Quoting m1kz
Crimea won't be returned, hence expect oil $20-40, usdrur around 85-100
no rate hikes would help, but still I expect more of them up to 50% and only then expect the nominal value of rur to be decreased maybe by 10% to start with...
... won't be returned to where? It already returned to where it belongs, so it seems.
  •  Guest
  • | IP XX.XXX.163.32
This is political turmoil and therefore no trader can predict the outcome - my advice is plan for both worst and best outcomes and only trade what you can afford to lose - good luck because you will need it.
Back the Ruble with gold and watch the rats scatter.
My impression is that USA already won this battle by:
- pushing EU to impose sanctions and food ban to Russia
- under the table deal with OPEC to keep oil prices falling
- immense speculation that led to ruble collapse

So what will follow is economic tension, high inflation, social turmoil and eventually withdrawal of the support of the people for the Russian president. In essence - by rattling guns Putin already lost the "war" (despite some victories like Crimea). The US behind the scenes masterminds (I would say Republicans) executed this scenario to hit the only ground the Russian president relies on - his fellow internal circle of oligarchs.
how about China ? they loss ?
how about US ? they get some benefit from this ?

cheap oil, but Russia not sell to US, they sell to China.
Since Crimea tension explode,, what i see China get many benefit, from gas deal, until many others deal.

personally i think,, China "not do anything" because they enjoy this condition.
US only can put sanction, and enjoy cheap oil from others source.
meanwhile,,, don't forget USD keep high and high, and also don't forget this condition direct or indirect will effecting Europe too, many NATO country at there.
that maybe reasson US sanction is limited, and not last longer than a year.
at 2015 or 2016 i bet 1 cent,,, US will reconsidering their sanction to Russia
  •  Guest
  • | IP X.XXX.174.50
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  • Story Stats
  • Posted: Dec 16, 2014 5:47am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 18  /  Views: 3,679