Fundamentals
Today's Russian inflation data could increase market bets of an interest rate hike by the Russian central bank in August.
Against low-interest-rate yielding currencies like the U.S Dollar and Euro, we could see a stronger Ruble as long as the risk of U.S sanctions on Russia does not persist.
Key Points:
Russia’s inflation currently stands at 5.50%.
This overshoots the central bank's inflation target of 4.00%
Markets betting on a rate hike by the Russian Central Bank August from 5.00% to 6.00%
Russian 10 Year Bond Yield sits at 7.20%.
Higher Inflation data could push up bond yields are cause the currency to strengthen.
What To Watch
Russian Employment Data & Unemployment Rate
Oil Prices
Inflation Rate
Trade Idea’s
Higher Inflation - Buy RUB
Technicals
RUB at major support levels against EUR @ 88.00
RUB at major support levels against USD @ 72.00
ATR Volatility
USD/RUB 5.64%
EUR/RUB 5.17%
Today's Russian inflation data could increase market bets of an interest rate hike by the Russian central bank in August.
Against low-interest-rate yielding currencies like the U.S Dollar and Euro, we could see a stronger Ruble as long as the risk of U.S sanctions on Russia does not persist.
Key Points:
Russia’s inflation currently stands at 5.50%.
This overshoots the central bank's inflation target of 4.00%
Markets betting on a rate hike by the Russian Central Bank August from 5.00% to 6.00%
Russian 10 Year Bond Yield sits at 7.20%.
Higher Inflation data could push up bond yields are cause the currency to strengthen.
What To Watch
Russian Employment Data & Unemployment Rate
Oil Prices
Inflation Rate
Trade Idea’s
Higher Inflation - Buy RUB
Technicals
RUB at major support levels against EUR @ 88.00
RUB at major support levels against USD @ 72.00
ATR Volatility
USD/RUB 5.64%
EUR/RUB 5.17%
Kayan Kalipha
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Kayan Kalipha
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.