Tag Archives: ruble

Russia – Watch Putin’s Parliament Speech Tomorrow For Signs of Policy Change Over the Plunging Ruble

All eyes continue on the currency as Russian equities ex-currency are flat. Clearly however, if you are a USD investor and own Ruble based assets in USD you care about the currency and if you think the Ruble is going to 60, hands off buying Lukoil (LUKOY, quote) in ADR form.  

Analysis Emerging Markets Insight ETFs Oil Ruble Russia Tim Seymour

Ruble Move Overdone

The pain trade in the Sochi Olympics has been pulling for the Russian hockey team (who was eliminated today.  As Dick Enberg would say “Oh my!”) but the pain trade in the currency markets may in fact be the Russian Ruble which today has fallen to all-time lows against the Euro and dancing near worst of the crisis (Feb 09) and all-time lows. 

Analysis Currencies Market Updates Ruble Russia Tim Seymour