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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
RUSSIA
- The cross stalled out somewhat in yesterday's session after briefly testing the 200dma at 102.3657 before closing marginally below the 50dma at 102.80, around which, it has fluctuated throughout today's session.
- Instability in oil prices surrounding uncertainty over the OPEC+ outlook has kept RUB on the back foot since late July.
- However, with Key meetings with the US on Cybersecurity and a hawkish CBR meeting in the pipeline, we may see more downside pressure come back into the cross once price action moves back below the 200dma.
- Oscillator momentum has turned lower in recent sessions, but remains marginally above bearish territory at 55, having fallen short of overbought territory.
- Meanwhile the MACD histogram has turned with the moving averages approaching a bearish crossover
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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