fxsurprise8's Blog

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Looks Like a Slow Monday

Early prices indicate that we will have a slow Monday. This is not unusual after NFP day. The Euro traded in a tight range of only 23 pips in Asia, while the Pound fared even worse at 18 pips.
Oil on the other hand continues to make new lows. The black gold reached $43.38 in the first hour of trading. From here we bounced somewhat to $43.60. The Russian Ruble is trading at 64.13, about 0.29% lower compared to its Friday close. This will help my long USD/RUB but my gains on this trade are very sm…
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Still Holding Long USD/RUB

I'm still holding my long Russian Ruble trade. It's currently up by exactly 2,500 pips, which is amusing since it's only 0.36% in percentage terms. Total gain of around 1 grand.
Oil sank to new lows on Friday, bringing down the Ruble. Russia is a large exporter of oil/gas. But the mixed NFP result led to USD selling, thereby muting the effect somewhat. Investors contrasted the Jobs print, which was as expected, with a major miss in employee wages earlier in the week, ending with a net negative f…
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Small Gains on a USD/RUB Long

My only trade today was a long on the Russian Ruble. My AUD shorts got an unlucky stop-out in the aftermath of the jobs report. I decided not to re-enter, which turned out to be the right move as the AUD/JPY is now at 91.89, close to the post-news highs. Not sure why the Aussie is so strong all of sudden. There remain significant headwinds from China, which is their biggest trading partner and largest export market.
I decided on a long USD/RUB because I think that long-term the Russian Ruble wil…
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