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It’s Christmas Eve… and Ruble is Getting Socks…

This is a syndicated repost courtesy of True Economics. To view original, click here. Reposted with permission.

Anyone wondering about Ruble’s next move from here:

Source: @Schuldensuehner 

should take a look at the third chart here:

As oil stays around USD35 mark, the duration of slump will be weighing on Ruble, with oil/USDRUB spread compressing on re-valuations of the Russian budget and fiscal position. Current spread appears moderately optimistic to me…

As an aside, c Рождеством!

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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