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Do you want to trade USD/RUB? How about trading USD/PLN instead?
USD/PLN has a high correlation with USD/RUB on the daily timeframe.
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!
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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.
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?
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USD/RUB hits another all-time high – could we see 90.00 next?
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EM Rundown: Geopolitical Risks Abound for USD/RUB and USD/TRY
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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 […]
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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 […]