USDRUB

European Open Preview – Risk sentiment sours; OPEC summit front and center

Posted on December 6, 2018 at 8:33 am GMT

Risk appetite crumbles as US arrests Huawei CFO, generating worries of re-escalation in the trade conflict Today, all eyes are on OPEC’s meeting (1200 GMT); expectations for a production cut are elevated Loonie nosedives to a 1½-year low as BoC shifts to a more cautious stance Risk appetite falters on fears of “trade war” re-escalation After a relatively calm Wednesday, risk appetite deteriorated once more during the Asian session on Thursday, following news that the CFO of the Chinese tech [..]

Oil rebounds ahead of OPEC meeting amid hopes for production cuts – Forex News Preview

Posted on December 5, 2018 at 11:17 am GMT

The Organization of Petroleum Exporting Countries (OPEC) and its allies will meet in Vienna on Thursday, and expectations for a production cut to stabilize oil prices are riding high. With investors appearing confident such a reduction will indeed take place, the impact on oil prices may depend mainly on the size of any cut. If producers fail to deliver entirely though, crude prices could well visit fresh lows for the year. OPEC and its allies, most notably Russia, are reportedly [..]

Week Ahead – Pound looks to UK data to halt slide; US retail sales and Aussie jobs coming up too

Posted on August 10, 2018 at 12:51 pm GMT

Economic releases will heat up in the coming week with monthly data on inflation, employment and retail sales certain to keep some traders busy as many head off for their summer holidays. Central bank meetings will take a backseat, though the week will not be totally absent of policy announcements as the Norges Bank meets to decide on rates. Australian employment in focus for the aussie The Australian dollar hit its lowest since January 2017 of 0.7278 this past week, [..]

Technical Analysis – USDRUB erases rally; could weaken further in short-term

Posted on April 19, 2018 at 3:32 pm GMT

USDRUB recorded a stunning rally last week towards a 16-month high of 64.83, marking an overall gain of 6.4% during the period. This week, though, the pair is on the backfoot and the technical indicators suggest that the market could ease a little bit in the short-term. The RSI is currently losing strength and looks to be heading towards its neutral threshold of 50 after an exit from overbought levels, while the MACD is slowing down in positive territory, both [..]

Special Report – How have EM currencies fared amid trade risks?

Posted on March 23, 2018 at 3:24 pm GMT

The past few weeks have seen very interesting developments in emerging markets (EM). Some EM currencies have plunged, as rising concerns over a tit-for-tat global trade war amplified the already-troubled outlook for those economies. Others, however, have managed to hold their own quite well so far, defying the conventional wisdom that EM economies are the most exposed to the threat of increased protectionism. The possibility of a retaliatory trade war appears increasingly more realistic with every passing day. The latest [..]

Forex News – OPEC remains committed to cutting output; oil rises; loonie receives a boost

Posted on July 25, 2017 at 2:36 pm GMT

Oil prices maintained their positive momentum, rising for a second straight day after OPEC countries called on several of the organization’s members to adhere to the deal to reduce output. Adding to momentum for the commodity and further boosting prices was the commitment by Saudi Arabia – the world’s number one oil exporter – to cut exports starting next month. The oil-linked loonie gained on the back of these developments, rising to a fresh multi-month high relative to the dollar. [..]

Technical Analysis – USDRUB rising close to all-time high

Posted on January 14, 2016 at 7:50 am GMT

USDRUB has been rising steadily within a channel since bouncing from the October 2015 low of 60.39. A high of 76.73 was hit this week, close to when prices spiked to an all-time high of 78.51. The bullish bias is being highlighted by the positively aligned tenkan-sen and kijun-sen lines, which are both pointing upwards.(on the weekly chart) There is scope to target the all-time high of 78.51 hit back in December 2014. RSI is in bullish territory which indicates [..]

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