I can appreciate that and think its a sensible concern. I'm in it for the long haul. I can't describe the current BS as anything other than psychological silliness. I can't imagine RF will let the country collapse without doing something insanely ...

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Obama is signing the new sanctions legislation proposed by Congress which he previously said he doesn't support. Importantly, the legislation doesn't automatically impose any sanctions, but gives Obama the Congressional authority to do so (which ...

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I think you should be very cautious with this and make sure anything you buy doesn't have debt refinance risk. Perhaps focus on companies which export to the west and/or get most of their revenues in non rubles, just have ruble expenses. Regardless ...

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Here's Bloomberg's article about Ruble's value - url Conclusion is it's about psychology and fear at this point. More interesting part to me: Interesting observation, although I strongly disagree with the conclusion. I feel quite strongly the East ...

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Don't want to throw anyone under the bus. Let's just leave it at "heard it from the grapevine." I'm not with them. It's a done deal however. You'll hear about it within a few hours or so for sure by email. Their trading desk is saying they're trying ...

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FYI - for those dealing with market makers: Forex.com is increasing their margin requirements from 20:1 to 5:1 tomorrow at 8:00am. No official statement yet, but expect an email shortly.

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Holy hell. Another massive CBR intervention. 71.70 to 66.80. I think they'll push to <65

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Thank you for posting the link. So much for predictions that sanctions will remain indefinitely. As mentioned, the removal of sanctions being tied to East Ukraine has been hinted on by the US and EU before, but this is the clearest statement to ...

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Here's an article from 2012 analyzing how oil prices historically correlate with the ruble's value. The takeaway is - not as much as you think: url As pointed out by many analysts, the ruble devaluation this year can't be explained by any one ...

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Are they liquidating positions like FXCM?

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The problem is the market isn't following any type of "logic" or correlation at this point and it seems like the players were well prepared to absorb massive shocks and continue business as usual. That's bad news for Rodina. What's next? Probably ...

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Justa candle chart. The interventions are frankly obvious as soon as they start. Not difficult to make decent coin riding these if you're disciplined (although I'm short now and stayed out of this one). Anybody want to make bets on how much money ...

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Hardly a surprise or news but Russia's leadership is set to meet in a few hours to discuss financial situation. I think draconian controls are just around the corner.

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Just hit 70. Told ya. This was probably the biggest intervention by the CBR to date in my opinion. If they let the rub go up to 80 again after such an intervention, the head of the CBR should be taken in the middle of the Red Square...

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Capital controls (restrictions on currency exchange). Put it this way: the CBR just showed it has absolutely no ability to influence the ruble through interest rates, which is what it told the market it would do after it announced the free float. ...

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CBR is intervening. If you're long make sure you have enough of a cushion to withstand some shocks or plan your stop losses accordingly. I think they'll push it to low 70s. After this I think controls are in short order.

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If you're unsure what influence capital controls can have on your positions or why you are taking the position you are taking, I recommend watching this from the sidelines.

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Never forget the golden rule kids: Bulls make money, bears make money, pigs get slaughtered. If you don't know what you're doing, better take a deep breath and think twice. Just throwing it out there.

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Is it common for market makers to pull stuff like this? Seems absolutely nuts to use them if they can pull the carpet from under you at any moment like that.

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Because the ridiculous volatility makes the spread irrelevant for non intraday traders? What are the ramifications for active orders and open positions? I'm not with FXCM but would like to know. EDIT: Apparently the positions will be liquidated on ...

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