MACRO VIEW: USDRUB ON THE MOVE UPWARDS AGAIN
USDRUB is on the move again - price broke put above 1st standard deviation from quarterly (66-day) moving average on July 6th, signaling upwards probability.
The move comes in line with WTI Oil, which entered a downtrend recently (see related idea). RUB is very correlated to oil prices, as Russia's key exports are oil and natural gas.
The move comes in line with WTI Oil, which entered a downtrend recently (see related idea). RUB is very correlated to oil prices, as Russia's key exports are oil and natural gas.
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