Predatory by Nature
USD/RUB 6 replies
Rub's accountability 184 replies
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Reliable broker for USD/RUB 26 replies
Disliked{quote} Capital controls (restrictions on currency exchange). Put it this way: the CBR just showed it has absolutely no ability to influence the ruble through interest rates, which is what it told the market it would do after it announced the free float. Since it can't manage the currency with interest rates, and due to continued risk/excuse of oil prices going down more, and because the CBR doesn't have unlimited foreign currency reserves, it has to do something different. Simply put, the CBR can't play this same game. It needs to change the rules....Ignored
Disliked{quote} Justa candle chart. The interventions are frankly obvious as soon as they start. Not difficult to make decent coin riding these if you're disciplined (although I'm short now and stayed out of this one). Anybody want to make bets on how much money CBR blew today already? My guess is $5 billion+. Will be interesting to see official numbers.Ignored
DislikedAt this point they are rather avoid drastic measures and adjust to it. RUB will settle somewhere. One of the reasons they let ruble float because they were realizing what might be coming (not to this extent though) and did not want to spend money defending it. Capital controls unlikely to help now, they are going to be step back, and create pre-condition for replay of something to the same extent at some time down the road.Ignored
DislikedHead of the CBR said in an interview that they are not planning administrative measures. She talked about adaptation to the new floating rate regime. She believes the current exchange rate is not fundamentally justified, but it will take time for the market to find equilibrium.Ignored
DislikedDear Clients! Due to absent liquidity trading on USDRUB and EURRUB is temporarily closed. We apologize for the inconvenience. Should you have any questions, contact our Customer Service team by phone +7 (495) 710-76-76 from 8:00 EET to 21:00 EET, Monday – Friday. Best Regards, AlpariIgnored
DislikedReason for this huge fall is obviously the OPEC statement on Sunday where they said they don't think about limiting oil supply even if it falls to 40USD per barrel. In conjuction with EU/USA sanctions imposed to RF in summer, RF is export oriented economics. Unfortunately they massively export Gas and Oil. Given the price of oil, it will sunk their 2015 national budget. Currently their budget is calculated for 2015 with approx. 48RUB/USD which is too optimistic and therefore their will lack money on everything. I believe there is no short-term solution...Ignored
DislikedWow, and I thought yesterday's daily candle was insane; today's dwarfs that! From the low of 58 to the high of 80, we've moved 35% in a day, absolute insanity. I've been having some trouble with opening/closing positions on Forex.com (something like "pair not dealable") will occasionally crop up until the cross stabilizes; then I can trade in and out. I'm curious to see what else the Russian central bank has up it's sleeve today or this week. Also, keep in mind that it's Not in the West's best interest to have a rogue nuclear state in a desperate...Ignored