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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.
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...
US Presidential Election: Potential Market Impacts
After 1) a first presidential debate in which Hillary Clinton was seen to have secured a major win over Donald Trump, 2) a vice-presidential debate where the Republican ticket gained back some ground with its supporters, 3) a scandalous revelation regarding a lewd tape of Trump’s self-professed “locker room talk” years ago, 4) a second presidential debate with mixed results for both Clinton and Trump, 5) a withdrawal of support for Trump by some prominent Republicans like House Speaker Paul Ryan, and 6) a release of additional hacked Clinton emails that could further damage the Democratic ticket, Clinton appears by most accounts to be leading the race with an increasingly wider margin.
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 Zealand and Bank of Japan, but there will also be some potentially important central bank meetings in the emerging world as well. While not too many readers are trading the currencies of Hungary, Nigeria, Ukraine or Israel (each of which features a central bank meeting this week), there will be central bank updates from more widely-followed nations like Russia, South Africa, and Turkey.
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 more Northern European persuasion, perhaps the Norwegian krone. Predictably, both of those currencies have been punished amidst the ongoing collapse in oil prices, but the Russian ruble has suffered the most grievous wounds.
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