Yeah, but its not on the reasonable level now, so an entry from current levels my reap substantial profits.
I mean US is going to issue some restriction on buying russian assets what may force some investors to shed holdings there. Oil prices are still low so the ruble is overvalued and its only a matter of time when the bomb will explode. Current USDRUB levels are somewhere near bottom
This one was nice as well I almost feel like I know what I am doing... If you guys had to sell AUD, JPY or EUR in your portfolio of currencies, what would you choose right now?
Sold half my rubles today @ 60.56 on russian sanction news. Holding my euros, my aussie dollars and my czech korunas. Almost entirely liquidated my yens at a loss.
Wrong decision. Wait for rate differentials to shrink to at least 5% to liquidate rubles. Their debt is still pretty attractive for investors.
I needed cash CHF for living expenses. I prefered to liquidate half my rubles because it was one of my biggest in notional( with korunas ). Is that a common figure( 5% rate differential ) among forex traders to decide to unwind a juicy( and risky ) carry trade?
Given huge spread difference, I don't know how u guys can trade rubble. Having said that, there are good stock traders in elitetrader forum but I don't believe there are active FX trader here. Most I believe are broker's saleman who just keep saying the same thing
I've ready some notes from bank analysts they say its 5%, together with risk mounting due to sanctions and oil market uncertainty it may higher (also considering increase in inflation in Russia)