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USD/RUB back to pre-invasion levels; watch USD/PLN and USD/HUF
Eastern European EM pairs may be a good alternative to USD/RUB for the short-term trader.
Eastern European EMs pullback. Can they continue higher?
If USD/RUB continues moving higher, then given the strong correlations, the Eastern European EMs may move higher with it!
Can’t trade the Russian Ruble? Look to Eastern European EMs
There are some Eastern European Emerging Market currencies which are highly correlated with USD/RUB.
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Eastern European EMs highly correlated to Ruble
Where can traders turn if they are interested in taking advantage of the move in USD/RUB? They can look west to USD/PLN, USD/HUF and USD/CZK.
Asian Open: Summit’s up (in the air)
Sentiment took another turn for the worse overnight as the Kremlin is seemingly close to detonating the Biden-Putin summit.
USD/RUB hit flag target. What’s next?
If the headlines continue to be negative regarding Russia invading Ukraine, it should provide a stronger reason for USD/RUB to move higher.
Russian Ruble is reeling
With talks between Russia and NATO ending without a resolution, tensions could continue to rise. If that’s the case, it may mean bad news for the Ruble.
Is USD/RUB ready for a bounce?
USD/RUB has been moving lower, however, the pair bounced off strong support at the 61.8% Fibonacci retracement from the January 2020 lows to the March 2020 highs
Natural Gas goes nuclear, Russia rides to the rescue…but is it enough?
Today brought a modicum of good news for energy-strapped European nations: Russia has offered to increase natural gas exports to the continent, potentially to record highs...
EM Rundown: Could USDTRY bulls quit cold turkey?
Central banks will be traders’ central focus in the G10 this week, with monetary policy “decisions” out of the Federal Reserve, Reserve Bank of New […]
USD/RUB hits another all-time high – could we see 90.00 next?
When most FX traders think of the implications of oil prices, they think of the impact on the Canadian dollar, or if they’re of a […]
EM Rundown: Policymakers set the tone in China, Turkey, Russia, and Poland
As readers of our week ahead report know, it will be a very busy week for monetary policymakers in the developed markets, with potentially high-impact […]
EM Rundown: Dollar at risk against major EM currencies
With a plethora of major central bank announcements out of the G10 this week, traders will be more focused on developed markets than their emerging […]
EM Rundown: Geopolitical Risks Abound for USD/RUB and USD/TRY
For most asset classes, the panic-driven moves of last Monday have been erased, with EURUSD completing its 500-pip round trip, US equities actually closing higher […]
EM rundown: USD/ZAR and USD/RUB test high amidst panicked markets
Traders are still reeling after this morning’s shocking “flash crash.” Liquidity completely dried up at the opening of the North American trading session, with the […]
EM Rundown: The CBR’s “Signals by Omission”
There’s a decidedly risk-off tone to the markets on the first Monday of August, with the US dollar and bonds edging higher at the expense […]
EM Rundown: Greece is Small, China is Big
In last week’s EM Rundown we explored which EM currencies were most vulnerable to a potential Grexit, and while a Greek exit from the Eurozone […]