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 will continue to lose ground. Oil (WTI) fell to a new low of $44.19 dollars yesterday, before rebounding to $44.84. Oil taxes are of the biggest contributors to Russia's budget. Falling commodities across the board will continue to put downward pressure on the Ruble.

I was frustrated with the stop-hunts on smaller timeframes so I'm going a bit longer-term this month.
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