Russian ruble

Don't believe Ruble has any options, so that leaves me out.
Even Lumber has options, although I wouldn't trade that market either. Just cause you can buy the options doesn't mean you can out of them.
 
The Trump victory is a more bullish catalyst for the US Dollar than the probable rate hike in December. His economic plan will add buoyancy to the US financial system. The Ruble will probably continue to trade in strong correlation to the US Dollar because it maintains a high benchmark rate. I anticipate when the Ruble moves up it won't get very far because liquidity has its' merits. On the other hand I anticipate when the Ruble moves down it won't get very far either because of the interest rate incentive.


I also see it ranging in tight band in the near future, 62-67 per Dollar. Keep earning on swaps.
 
Ongoing downtrend in USD.RUB. It looks like we made a smart investment.;)
For sure ! 2 months ago, you and I were a bit alone to believe RUB would appreciate :)
Tradator, what do you think about Turkish Lira? Too early?
I would rather wait but potential is so high... Easily 30% in few months...

CM
 
Will check. I also keep an eye on czech koruna as they are pretty much in the same situation( central bank cap ) as swiss franc before Jan 2015. Those are not real trades for me but just hedges as I live in Switzerland but earn in dollars( I like to convert in different currencies ) .
 
Be careful at pullbacks. Russia won't get out of budget problems with strong ruble while its perfect time for Russian Central Bank to gain back foreign reserves. They need it week right now and downside move is possible only during strong catalysts like oil gains.
Ongoing downtrend in USD.RUB. It looks like we made a smart investment.;)
 
Hello guys could you share the names of brokers you trade USDRUB?
Be careful at pullbacks. Russia won't get out of budget problems with strong ruble while its perfect time for Russian Central Bank to gain back foreign reserves. They need it week right now and downside move is possible only during strong catalysts like oil gains.[/QUOTE/]
 
Hello @pipeguy. Pretty much any futures broker you go to will have IMM access at CME.

tt-chart (75).png
 
For sure ! 2 months ago, you and I were a bit alone to believe RUB would appreciate :)
Tradator, what do you think about Turkish Lira? Too early?
I would rather wait but potential is so high... Easily 30% in few months...

CM

Just checked. The central bank intervention seems like a good catalyst. But I can't trade it with IB so I didn't investigate further.
 
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