Get started

Russian

Why has the Russian ruble not collapsed yet? Russia’s efforts to prop up the ruble appears to be working despite sanctions imposed by Western countries aimed at cutting the Kremlin’s access to external resources and crippling the nation’s ability to fund its war against Ukraine.   Last week, the ruble surged to a more than two-year high against the euro and the US dollar, recouping its losses during the war. The rally was triggered by Russia’s last-ditch attempt to avoid defaulting on a eurobond on Friday.   Russia’s finance ministry paid $564.8 million in interest on a 2022 eurobond and $84.4 million on another 2042 bond, the ministry said Friday. Both payments were made in US dollars, marking a reversal from its previous threat to pay its debts in rubles.   To begin this week, the ruble has continued its strong performance, with the USDRUB down almost 3%. As it stands, Rubles are exchanging hands at less than 69 per USD. Rating cut to selective default Prior to the payment of these bonds, Russia had earlier paid its dollar-denominated bonds in rubles, triggering a rating downgrade by S&P Global Ratings to “selective default.”   The rating agency said investors won’t likely be able to convert those payments into dollars equivalent to the amount due as sanctions on Russia are predicted to worsen in the coming weeks.     Gas for ruble In a bid to bolster the ruble and retaliate against Western sanctions, Russia, one of the top oil-producing countries worldwide, required “unfriendly” buyers of the country’s natural gas to pay in rubles. While many European Union leaders were quick to reject the Kremlin’s demands, one of Germany’s biggest energy companies, Uniper, said it was ready to buy Russian gas by converting its euro payments into roubles.   "We consider a payment conversion compliant with sanctions law and the Russian decree to be possible," a spokesman was quoted by BBC as saying recently, adding that the absence of Russian gas “would have dramatic consequences for our economy.”   Russian national energy giant Gazprom recently cut off its gas supplies to Poland and Bulgaria due to their refusal to pay in rubles.   Commodity powerhouse Many countries’ reliance on Russian oil and other commodities like wheat has helped the ruble avoid collapse and may play a role in supporting the currency moving forward.   Vyacheslav Volodin, a top Russian lawmaker, over a month ago said Russia should demand ruble payments for other commodities like wheat, fertilizer, and lumber, adding that Western governments have to pay for their decisions to sanction Russia.  
U
by BlackBull_Markets
4
MOEX reopens after 1 month haltedImportant restrictions as Moscow's Exchange reopens 4 hours a day: - Short-selling banned - Selling of shares banned for foreign investors - Only 33 stocks available for trading After being halted for 1 month, the Russian market reopens with important restrictions. Also, many institutional brokers from the EU and other NATO countries banned trading on Russian assets. From the technical analysis perspective, it's impossible to assess accurate price movement with so many restrictions and market manipulation by the Russian Federal Bank that is trying to avoid a market crash. So far, the measures have been successful and the aim is to keep holding the market until this crisis is resolved. The downtrend though, it's still there with an important resistance line, even with short-selling banned and other restrictions, Russian investors could panic and sell at market. This is absolutely historic.
RUS:IRUS
by alvaromroo
1
Russian Economy Collapse >>> Russian Ruble is in free-fallin less than one week Russia lost 270 Billion in Economic Value ... the Russian Ruble is in free-fall >>> Russian Ruble is off 60% and is currently trading less then 1 penny ( 0.0081 USD )( 20% less than 1 penny ) >>> the UN Sanctions are a total fiasco to Vladimir Putin >>> Russia must stop the WAR and negotiate sees-fire (ASAP) otherwise it will lose all of its Economic Value by the end of March 2022 >>> Putin caused Disaster to Russian Economy >>>
Long
by SwingTrader-07
3
USDT premiums soar on Ukraine's Exchng The last time USDT premiums spiked so suddenly on Kuna was during the initial stages of the COVID-19 pandemic in 2020. Against the backdrop of an ongoing Russian invasion, the price of Tether's USDT stablecoin soared to as high as 36.97 Ukrainian hryvnia (UAH) ($1.23) on Ukraine's Kuna exchange on Thursday. The total trading volume of all cryptos on the exchange amounted to about $4.4 million in the past 24 hours. During the same period, mid-market rates from foreign exchange data provider XE indicated that the UAH currency had only surged to a maximum of 29.89 per U.S. dollar. In other words, the conversion rate for USDT was much higher than typical UAH/U.S. dollar transactions. USDT has a theoretical peg of one-to-one with the U.S. dollar. At the time of publication, the UAH/USDT trading pair is valued at 31.89 on Kuna, compared to the UAH/USD exchange rate of 29.80. That indicates an implied premium of 6.55% for USDT. In context, USDT is currently trading at its theoretical peg on other centralized exchanges, such as Binance's global platform. However, data from Binance Ukraine suggests its USDT listing is trading at a premium of greater than 7% against the Ukrainian hryvnia. Earlier on Thursday, the National Bank of Ukraine announced that it had fixed the foreign exchange rate of the UAH, limited cash withdrawals at banks, and suspended the issuance of electronic money (fiat currencies in digital form). When a nation sets the exchange rate of its currency, a black market quickly develops where consumers transact foreign currencies based on rates that reflect actual economic conditions. Related: Twitter users ask Ukrainian armed forces to start accepting crypto donations In a video posted on Thursday, Kuna founder Michael Chobanian, who also serves as president of the Blockchain Association of Ukraine, said the exchange is operating normally and banks are still functional despite interruptions. Chobanian described his country as being in a state of "full-time war" and launched a cryptocurrency fund to help charities aiding the Ukrainian Armed Forces and government in their resistance against the Russian invasion. "Let's hope for peace, but if you want peace, you have to prepare for the war," Chobanian said.
BITSTAMP:BTCUSD
by monicaagrizzi9
1
Russian de-escalation sharply moving marketsSeveral equities have reacted sharply to the suggestion that Russia is de-escalating its presence on the Russia/Ukraine border. As reported by Reuters, Russia has begun to move an undisclosed number of its troops away from the Ukrainian border after completing mock defence exercises. Even so, tensions have not entirely dissipated. NATO, US, and UK officials remain cautious of the situation, with Boris Johnson noting that "the intelligence that we're seeing today is still not encouraging". The markets have been more eager to embrace talk of de-escalation. European Equities spent Tuesday rebounding sharply. The STOXX Europe 600, which is comprised of 600 stocks across 17 European exchanges, broke a three-day losing streak and rose 1.43%. On an individual bourse level, the Italian stock market Index, the IT40, led the way back into positive territory, up 2.17% over the trading day. The German (DAX30) and French (CAC40) indices followed closely, each climbing ~1.9%, and the UK's FTSE100 climbed up 0.98%. US stocks reacted in a similar manner when they opened a few hours after Europe. The US market has recently closed where the NASDAQ rose 2.24%, the S&P500 rose 1.36%, and the Dow Jones rose 1.06%. Commodities also make significant moves on news that Russia is de-escalating. Naturally, commodities would be significantly affected by a war between Russia and Ukraine and NATO affiliated nations that have reacted the sharpest. WTI and Brent have pulled back a shocking 3.7% and 3.4%, respectively. On Monday, Brent oil prices were pushing their way up to USD 100 per barrel after crossing USD 95 per barrel. Before the turnaround in the oil price, talk of USD 110 per barrel was beginning to filter into market predictions. Russia and Ukraine are two of the largest exporters of Wheat. As such, supply concerns for the soft commodity have eased slightly, and with it, the price has pulled back from its two week high. Wheat is now trading down 2.63% to USD 7.8 per bushel. Low supplies could temper more downside for Wheat in Canada and the US. Other major exports of the region are trading down on the easing tensions. Corn, Iron Ore, and Soybean are all trading down 2.86%, 1.37%, and 1.27%, respectively.
BLACKBULL:WTI
by BlackBull_Markets
USDRUB could drop to RR 66-68 once below 72The RUB is getting stronger amid global weakness of USD (DXY) and rising crude oil. Below RR 72 the move to the upside could be invalidated. There is a chance that this drop could extend to the downside to build the large wave Y of WXY flat correction. We saw such a drop in wave W before. The minimum target is to hit the start point of wave X at RR 68. The equal distance with wave W could send the USDRUB even deeper to RR 66. I added the inverse UKOIL on the left scale. It shows that RUB accumulated a huge divergence as oil is rising and RUB doesn't catch up with it. Before last summer the correlation worked amazingly well. Do you agree with this view? Please share your comments below. Cheers!
Short
by aibek
What to anticipate ahead of the US elections Volatility 2020📌 US Elections have been and are always expected to be an extremely volatile event worldwide. Elections, similar to other political or banking sector events, are notably treated by market participants with anticipation and speculation. 📍 Hence as the US election looms, today's Chart is not in regards to the outcome but in regards to current markets positioning just a week prior to the election as well as their future response to each possible outcome. 📍 While we have been facing an overall weak Dollar in the second half of the year, the proclivity for capital being safe harboured in US Treasuries means this is hinged on the global growth outlook establishing a sustainable improving trend, and that in turn may hinge on the world getting through the Covid crisis. However, the upcoming US election presents risks too, particularly given the perceived chance of the election being contested. 📍 Markets are anticipating another US fiscal package, although the timing remains uncertain, and the size and scope of it will be dependent on the election result. Wall Street narratives suggest that US stock markets are pricing in a blue wave on November 3, with Democrats sweeping the House, Senate and Presidency, which would result in many trillions of Dollars in fiscal support. 📍 So far in October Biden's lead in the polls has deducted the risk of a contested outcome and hence supported the US Equity market to recover since September (after the 1st debate), but also drove the risk sensitive Yen. This comes in contrast with the historical reaction of Stock markets in prior elections. 📍 Historically, the stock market slows down and shows a weaker performance in the period leading up to an election, according to a study from US Bank. On average, the equity market showed a less than 6% gain during election years compared with an 8.5% gain in any other given year.
TVC:DXY
by Ridethemacro
Russian RTS index: Worth to watch itLarge triangle could emerge to shape a huge consolidation. Last wave E down is in progress. The trick is that it could be over already as last wave within a triangle could be short. On the other hand it could retest the downside support to complete the pattern in the 650-700 area. This option coincide with my idea that oil and ruble will drop one more time. After that another strong passing move (impulse) could start there to reach 3000. Russia ain't gonna die, it will be worth to buy.
RUS:RTSILong
by aibek