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Russian Ruble Extends Gains, Stocks Erase All Post-Downgrade Losses
"That'll teach them Russians" - oh wait... The kneejerk selling of Russian Rubles and stocks post-downgrade has almost entirely been erased and dip-buyers appear to be greatly rotating from US to Russian stocks today...
Currency has almost round-tripped its losses...
Russian stocks now green post-downgrade...
Charts: Bloomberg
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smart move
It's probably Americans buying Russian stocks. they are so conditioned to BTFD
Got do that laundry somehow. Don't judge.
JP Morgan currently has a fund that is doing nothing but buying up everything in Russia on the cheap. But hey, you go put all your wealth in the Ruble if you feel so inclined.
Maybe, but I suspect the Russian gov is faster.
Not sure what TD is smoking. My quote shows USDRUB at the worst since that brief slide to 80.
I think the label on that graph should read USD / RUB.
Nope. Disregard.
This is why I'm not an FX trader.
Good.
Someone tell S&P actions speak louder than words.
Investing in Russia is what I believe is the correct thing to do. The west is done growing until the NWO gets off of their back. In the West the financial system is one system. Gov't disability, EBT and retirement money in the US comes from the Australia, Japan, the EU, Britain, The movies are all propaganda and showing Russians as the enemy. The West can't fight a nuclear, bioweapon or high energy weapons war. Russia has a low population, natural resources, it connects China with the EU, it has good jogging weather and you would have to be stupid not to invest in Russia today.
There are no kneegrows in Russia. That alone is worthy of investing in.
17.5% on a Bank CD and at the end of the year the Ruble will be worth more than now. Win / Win .
Damn sure I don't have transparency, clear regulations to protect me from Fraud in the US Markets... across all asset classes. I would have negative knowledge over assets and ownership in Russia.
All I would be interested in is a Dacha, apartment, or house some place overseas. Then again property Title is a problem in many countries, especially old countries and old property.
The new Greece government has opened up a row with Brussels about Russian sanctions, even before the cabinet was sworn in.
The Wall Street Journal reports:
Broke mofo thinks they give a shit what he thinks?
Alex, baby, make your coupons and we'll fucking talk, mm'kay bubby?
Believe the USA supported the Military Coup in Greece in 1967... Could be a lot of opposition here to say the Least.
Gold in Rubles baby...gold in rubles.
you are funny: the first graph is not RUBUSD but USDRUB. So, you got the wrong message, RUB is tanking:)
The graph is correct. Wear your glasses in a time of crisis
.
?? do you have any ideea what r u talking about??
USD/RUB is 68 not RUB/USD.
But you believe whatever is colorful:))
made my day, really funny.
mandea, Gold_Spot is being an asshole; but in spite of himself, he's right.
RUB/USD = Rubles per Dollar = how many rubles does it take to make 1 dollar = 68ish. The graph is labeled correctly.
I got this wrong on first glance too.
No, sorry for that, the graph is wrong. Please check yahoo finance: RUSUSD is 0.015.
USDRUB is 68 and the ratio is meaningful: if RUB weakens the ratio will increase. It is so simple, verify on google finance or yahoo. I am trading this stuff so I know:)
You're "trading this stuff," and you're using google and yahoo for your information?
no, i using a proffesional trading platform. I mentioned yahoo and google because it's obvious you do not understand what USD/RUB or RUB/USD is and that's why you believe whatever is delivered to you.
So, basically after S&P, RUB was tanking, or simply put, people sold RUB and bought dollars. That lead USDRUB pair to explode.
If RUBUSD was calculated (which is possible, of course) and apply the same scenario (people sold RUB and bought USD) what happens? Surely, RUBUSD drops. This is why the graph is misleading. If that was RUBUSD would imply that the RUB was actually getting stronger and it is not the case. Since the graph was not corrected, I tend to beleive it's a very rudimental piece of propaganda. RT = ZH. Sad but true.
And believe me, this is gymansium stuff:)))
The vertical axis is clearly labeled "RUB / USD", as in Rubles per Dollar, not the symbol RUBUSD. The correct symbol is USDRUB. It is just another way of looking at the same thing.
no, sorry, the ordinate (vertical axis) is not labeled at all. It's just a text box "RUBUSD". I explained below that a simple change USDRUB into RUBUSD means smth very different.
Come on no-one reading a "financial" blog understands that simple thing??
"financial blog" LOL. not quite. but, yeah the label is upside down; happy, now ? BTW, that's state of the art on this "financial blog". LOL.
retraction; my bad.
Sorry but no. the label is upside down. it's USD/ RUB that's 68. RUB/USD is around .015 or so.
Yeah, you're right; sorry. The Label is upside down; it should say USD / RUB as you state. But that's state of the art around here. the statements, on the other hand are correct, the Ruble is recovering well from it's recent correction.
what does it mean "recovering"? getting stronger? Now, if you say that USDRUB parity goes higher, say from 35 last year to almost 80, doeas that mean to you RUB is stronger? It's a parity, ratio or whatever. If RUB gets weaker, USDRUB ration gets higher (you divide USD to a smaller value). I try to use very simple example, like this from arithmetics. In fact, investors and traders are selling RUB for Dollars. Then, obvious USDRUB goes higher and RUBUSD lower.
Reality (check also news but not from RT) and see that the facts stands differently from what is posted here. Now on which side are you? facts or stupid propaganda?
If this is propaganda I see the effect of russian budget cuts. Gets sloppy:)
Coach Yellen looks at her bench......"PPT, check into the game!"
Skid Marks, on my undies, reminds me Barry, of you!
Things are getting hot (for WW3). Hopefully, the American military will have the say if DC neocons and Brussels kommissars try to make this move:
Medvedev has threatened that Russia will respond without restraint if restricted in the use of SWIFT
Today is the day 70 years ago the Russians liberated Auschwitz.....I dont think they took any more German Prisioners after today....
If you're actually interested in this subject; you could read up on it; or even watch some U-Tube histories; such as "WW11, the Battles"; almost no living Germans returned to Germany. Something like 2,000 out of the 36,000 that surrendered at Stalingrad got back to East Germany; in 1955. But mostly; just no survivors. It was a vicious fight to the death. The Germans starved their Russian prisoners and vice-versa. Auschwitz didn't change anything; the only good German was a Dead German. It was a full blown Armageddon.
Holding on to my June CME contrtacts on the Ruble; will roll them over. Rutin for Putin; but not just with my mouth.
I made a little money 2 years ago betting against Western fear and for the Russian government. It should turn out well if you can hold on for the medium term. Russian fundamentals are good, even if they are getting pasted right now in the propaganda war.
I agree and understand. Will roll contracts forward; looking for about early next year for completion.
So, however you read the graphs, it looks like the half-life of sanctions is about a day? Time for more sanctions! Woot!
Can't wait for the Fed to accuse the Russians of manipulating their markets and currency.
The truth will not be reported until the black Jesus is out of office. Move along, nothing to see here.
Republcans will be no better.
Russia is funnelling tens of millions of dollars to anti-fracking environmentalist groups in the United States.
http://freebeacon.com/issues/foreign-firm-funding-u-s-green-groups-tied-to-state-owned-russian-oil-company/
Very same thing happened to the Canadian Oil Sands......Actors were brought in........showing evrything that was wrong...
Lands mined in Ft Mac. have been reclaimed, buffallo roam. Yet....the balkins, flairing gas into the night sky make that area look like a large American City. The Media is bought and sold to manipulate the sheep.
The hole that your standing next to is hard at the bottom, it could get padded by those who broke the system, just some have nails in them so many that take the plunge will not survive. JMHO.
Russia 'junk' pays depositors 18% while Western AAA+ pays depositors 0. Reality inversion.
Yeah, Gaslighting.
The title of this junk article says "Russian Ruble Extends Gains" and it basically shows the graph of USDRUB (where clearly after S&P downgrade, RUB sunk badly) but with a text label "RUBUSD" (where someone not familiar with these things would understand that RUB was actually getting stronger!!).
It's incredibble that in the year 2015 some can go so much low on the propaganda scale to misinform readers. That tells what USSR propaganda activists can do.
USSR rubla, was hit, and badly. M/M change is higher than 30%. Like a 3 world country currency.
Simply sick.
Have a look at 1) RUBUSD
https://www.google.com/finance?q=RUBUSD&ei=vuPHVMOoMaGCwAP1vYHICQ
2)USDRUB
https://www.google.com/finance?q=USDRUB&ei=xuPHVMmyEerGwAO98IDoDg
So..?
Blank. my bad.
good, because that thing you posted with RUB getting off the bottom was surreal.
Now, see how easy is to mislead readers?
unbelievable.
And.......Its gone... USD/RUB at 68