Free Trial
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.
RUSSIA
- USD/RUB trades +0.53% higher this morning, brushing off early selling pressure on the BBDXY somewhat with oil +0.15% higher.
- The cross broadly ignored gains in oil markets following an expected output increase from OPEC+ yesterday – potentially suggesting some risk aversion ahead of US-Russia talks on the weekend and slightly quieter holiday markets.
- The cross is now approaching 76.00, with RUB underperforming some of its EM peers without the trajectory of the Ukraine crisis seeing any material changes ahead of the meeting.
- Price action is now approaching overbought levels on the RSI and has corrected +3.79% higher since 27 Dec with Feb & April 2021 levels (76.35-65) coming into focus if we see a move above 75.9190 (26 Nov high).
- On the international front, the FOMC minutes and PMI data will be the key focus as market look for clues on the path of rate hikes in the US.
- Intraday Sup1: 75.2853, Sup2: 75.0630, Res1: 75.9091, Res2: 76.21
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok