Ride The Ruble...ridethepig
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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.
Giao dịch đang hoạt động
Ghi chú
We will need a hand here if our stops are to hold for the afternoon session...Ghi chú
Almost clearing time... stay short Ghi chú
Targets in play here with the weekly close
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