USD/RUB

Hello all,
Does anyone trade this exotic pair?

Please discuss!
Thanks.
X

edit: from the looks of the daily doesn't look like much goes on here. But I have one 842.something spike down then back up?
on 2/11/11
Need to check another broker on this.....

Here it looks like there's more action and no 842 pip spike... Hmmm.

think you are alone on this one

Nah, i've been watching USD/RUB for quite some time. Perhaps I'll begin building longs in a bit - only caveat is that the Ruble is so illiquid and the Russian Government can do weird things as far as their currency is concerned.

Areas of interest for me are 26.XX-27.XX

While were on the topic of exotics. Check out USD/SGD ... I'll offer a bit of analysis a bit later.

Hi Xtrade,
considering oil price increasing due to North Africa instability and other factors i think this is a very good pair for a carry trade right now.
Can you suggest a good broker that would allow me to trade this?
Thank you very much

i would say as long as oil keeps going up,ruble is a good currnecy to go long

short usdrub

I don't think the ruble is free floating

bullish on usd/rub

Given recent events I thought this thread would be a hive of activity.

Everywhere I have checked people are suggesting a long on this pair.
Me I have gone heavy short x 7 orders.

Yes USD/RUB is strong long atm...

The interest rate hike. I am not knowledgeable but on the very surface of things, like the NZD, what is not to like about 8% interest? I know the pair is illiquid, and I know the events now are fraught. I am not an enemy of Russia but my country is working hard to propagandize the US that 'we have to go to war.' Military-grade propaganda is being 'legally' used domestically in the US. There was a law passed in Congress changing the 'rules' from limiting it only to use abroad.

Should be an interesting day/night for this pair.

We have started out strong and have the potential to hit the 36.4 handle or above if we get good data from the US.
At this level I will place another short for investment but I may take some longs on the trip up.

Ranging for the last two days...

NATO meeting to be held on the 3rd and 4th Sep 2014 to discuss Ukraine intervention. This should mix things up a little.

Where go USD/RUB !!! 37.10 ?!

I so want to short this pair ... . The positive swap for a short is incredibly attractive.

I went all the way back to 6/2010 (which is all the data my broker has, perhaps because it was simply not traded before), and it is at an all time high.

Unfortunately, the price movement turns upon events in the Ukraine more than anything else, and it is now impossible to tell what Putin will do next (that is, unless he is trading Forex, in which case I would short here if I were him, withdraw his troops and equipment, cash his position in, and then lather, rinse, repeat). However, the economic backdrop is one of increasing sanctions on the Russian Federation by both the EU and the U.S. which will probably have the effect of devaluing the currency (thus driving USD/RUB up further). Moreover, a decrease in the value of the Ruble will have negative economic effects on the R.F., as its consumers will have less and less buying power for foreign goods and the slump in exports due to sanctions will add additional fuel to worsening economic conditions. Ordinarily, a slump in the value of a currency would bolster exports as they become cheaper to foreign buyers.

Naturally, Russia's Central Bank could sell dollars and buy up rubles to bolster the currency as they have done in the past. http://rbth.com/business/2014/03/21/...oat_35269.html

For that reason, I am going to take a measured risk position (comparatively small lot as compared to other entries) short the currency should price strike 37.15 with a TP of 36.239.

My USD/RUB short executed at 37.166 and has a target price of 36.498. The spread is currently a whopping 30+ pips, and FXCM is currently quoting the rollover/swap on the sell side as .96, which is awesome.

I am also surprised that this pair isn't being looked at more. I understand that traders are likely to shy away due to spread, but I imagine it tightens up during the London session so that it is as tolerable as, say, GBP/NZD, which is frequently around 5 pips (can't swear to that, though).

To me, that nearly one dollar US swap is what sells it. Also, I would ordinarily shy away from a currency in which a Central Bank frequently intervenes. Here, however, the intervention has been to bolster the Ruble, which would benefit a short position from this level.

That's my thinking anyhoo ... .

... Also, the swap on a long would be absolutely punishing ... . FXCM says -3.55 for a swap on a long, which is absolutely horrid.

But to be totally honest, shorting from here is a gamble ... . I'm basically relying upon either (1) the Central Bank to intervene; or (2) the Ukrainian situation to cool substantially. Who the hell knows if either of those will happen soon ... . I sure don't.