10,053,800 Barrels of Oil daily, Russia is the largest Oil Exporter in the world
Lower oil prices forces Ruble lower, USDRUB goes higher
if, $50 Oil, USDRUB hits 60.00 Ruble per USD
With Ruble FX reserves, they can either intervene their currency or influence the price of Oil by Future Contracts.
no rate hike with continued rate stability in forecast, Australian economics understand that rewarding savers is necessary for longterm prosperity. Rates will be hiked in long term census.
TP #1 .8660
TP #2 .8780
Hit lows in early 2014, and building a very bullish trend with higher lows. We can move up much further as AUD is undervalued against most major currencies. -SiamFX Team
Moving down til support holds and provides enough entry opportunities for the bulls to take over. Can USD weaken more and allow another rally for EUR/USD upward to 1.4000? With positions from here to 1.3700 SL under support 3477 and TP at 1.4000. 300 Pip Takeprofit with 220 Stoploss.
Following the long term trend with institutional COT Data powering the direction upward. Short Term targets at 0.950 with bigger targets at resistance of 0.9700
