Open trading account 
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 for the Dollar.
If Jobs growth comes in as expected and wages disappoint, it's hard to make the case for a September lift-off by the Fed.
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 for the Dollar.
If Jobs growth comes in as expected and wages disappoint, it's hard to make the case for a September lift-off by the Fed.
