My biggest concern is they just used up a significant tool. I hope they combine it with politics and an announcement of high likelihood of more intervention to maximize the effect.

USD/RUB

Does anybody else think this was premature by the CBR? God I hope they actually have a plan and know something we don't. This could be a serious PITA for the motherland if they acted too early. Tomorrow will be an interesting day.

USD/RUB

Hope nobody here got wiped out. Don't mean to quote myself but HOLY S.... Just dropped over 30000 pips in seconds. I took last short at 65.4500. Cost basis is ~61.20 (we're almost there! hehe). Still planning I'll be holding through Spring.

USD/RUB

This website may come in as a handy screensaver for those trading this pair (turn on volume): url . - From left to right: USD/RUB, EUR/RUB, USD/bbl (Brent). A buddy of mine who is a banker in Russia emailed this to me yesterday. He said half of his ...

USD/RUB

As far as the political situation: there is still a lot of silly rhetoric, but here are the most recent facts: One development over the weekend was Medvedev's (Putin Jr.) article regarding Ukraine, something that didn't get much coverage in the ...

USD/RUB

I hear a lot of talk about CBR intervening massively to stabilize things. If there's truth to this, I think it would be ill-advised and very likely counter-productive. The RF has to wait for oil prices to stabilize before intervening and for the ...

USD/RUB

I have to disagree. The idea that Russia's oligarchs have a real ability to influence Putin, while a popular theory, does not appear to be supported by any reality. Almost all of Russian oligarchs became rich during the Wild West days of the 90's ...

USD/RUB

I don't mean to turn this into a political debate; however, I disagree as this doesn't appear to be the position of the US and the EU. First, the removal of Putin is not even a remotely feasible goal (despite the Kremlin's statements for domestic ...

USD/RUB

Double Post

USD/RUB

Regarding sanctions: The US Senate just passed a bill authorizing the US president to impose more sectoral sanctions on Russia: url Obama however killed it and said the sanctions would be counterproductive. Obama also doesn't think EU will be on ...

USD/RUB

By the way, those wanting a chuckle can read what analysts think the CBR will do at their meeting. In short, prediction are hilariously all over the place: url Meeting is set to take place 10:30 AM GMT

USD/RUB

Capital outflows are a serious problem. However, the effect of the ordinary people converting their savings to foreign currencies appears to be minimal. Bloomberg had an article about this not long ago: "Russians also haven't been deterred from ...

USD/RUB

I agree with this. In my opinion, the two factors most responsible for the currency's value at the moment are oil prices and real time development and perception of the political climate. The former depends on factors I'm sure everyone here has ...

USD/RUB