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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
- USD/RUB trades +0.07% higher this morning, broadly in line with early strength in the BBDXY and flat oil markets.
- Oil felt the pinch on Friday as EU nations warned of impending lockdowns and Japan eyed a potential release of its strategic reserves following discussions with the US.
- Meanwhile, the West ramped up geopolitical rhetoric with US Senators proposing various sanctions packages over speculation of a potential Russian invasion of Ukraine early next year – which the Kremlin spoke out against.
- At this stage it seems like sabre-rattling will continue, with no signs of de-escalation just yet. Local PPI, industrial production and weekly CPI will be monitored this week.
- On the international front, markets will be keeping a close eye on the FOMC minutes for more signs of expedited taper/rates lift-off timelines and concerns about persistent inflation in the US.
- Interestingly, in short-term timeframes USD/RUB continues to trend higher against falling RSI momentum.
- Intraday Sup1: 72.9364, Sup2: 72.6783, Res1: 73.6763, Res2: 73.9435
USDRUB
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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