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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
- With Risk conditions improving today post-FOMC, RUB/JPY is seen exerting upside pressure on the 50dma & lateral resistance at 1.50
- The cross recently found support above 1.45 and failed to hold below the 100dma, opening up a move back towards prior highs – provided price action can move above the two aforementioned points of resistance.
- Oscillator momentum has become positive and managed to hold above the 50 line in the RSI
- The CBR's accelerated hiking cycle is also a factor helping to drive the divergence between the two pairs – supporting higher demand for RUB assets
- Failure to close above 1.50 & the 50dma and a return to risk-off may see the cross drift back towards July's lows and 1.45 below
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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