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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.
RUSSIA
- GBP/RUB is retesting the 200dma breakout at 102.1694, but stalled out a fraction lower around 101.8732 resistance after bouncing off round number support at 100.00 to for a large bullish engulfing candle with yesterday's price action.
- 50dma & 100dma on the brink of confirming a bearish crossover and oscillator momentum still in negative territory at 38.90.
- Failure to hold above the 200dma will likely result in a retest of the 100 handle, with next major support seen at 97.7901
- Both the UK & Russia have expressed openness to meet to hold a dialogue on normalizing ties, but no concrete meeting date has been set.
- The UK's rhetoric towards Russia at the NATO Summit was undeniably hawkish with relations at an historic low point.
GBP/RUB
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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