Ride The Ruble...ridethepig
Here I continue to lean on RUB longs with another Fed cut coming very soon. The funding currency is switching from USD to EUR, meaning that inflation will continue to fall.
On the Russian side, softening PMIs did put pressure on the RUB however markets are ambitiously pricing a CBR cut which I believe is out of scope for the next meeting.
For the flows: Sell LMT Entry 71.0 | TP 67.4 | SL 72.0
=> The risk to my thesis is an improvement in US data translating to a more hawkish Fed affecting the funding currency transfer.
All the best those trading RUB into CBR.
On the Russian side, softening PMIs did put pressure on the RUB however markets are ambitiously pricing a CBR cut which I believe is out of scope for the next meeting.
For the flows: Sell LMT Entry 71.0 | TP 67.4 | SL 72.0
=> The risk to my thesis is an improvement in US data translating to a more hawkish Fed affecting the funding currency transfer.
All the best those trading RUB into CBR.
Trade ativo
Nota
We will need a hand here if our stops are to hold for the afternoon session...Nota
Almost clearing time... stay short Nota
Targets in play here with the weekly close
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.