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How I Made $200 Betting against the Russian Central Bank

Hey everyone, check out my article CLICK HERE> ''How I Made $200 Betting against the Russian Central Bank''.
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Russian Ruble to Gain Back Some Ground

It' been a tough year for the Russian Ruble. The currency has lost almost 50% of its value against the US Dollar. Russia's invasion of Ukraine triggered western sanctions on its oil and banking sectors. But most importantly, oil fell by 1/3 this year. Over 50% of Russian budget is filled by oil&gas revenue. November was espeically bad with the Ruble losing 16 percent and the move going parabolic.
Such parabolic moves usually indicate that a top may be near. I expect oil prices to stabilize in De…
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Russian Ruble Selloff to Continue

Investors sold the Russian Ruble on Friday after yet another military escalation by Russia in Ukraine. The currency pair hit a post-1998 high of 37.20 but the losses got trimmed during the end of trading.
I expect the rally in the USD/RUB to continue. The EU has given Russia a 1 week deadline to reverse course or face new sanctions. While I think that the Russian central bank will step in to stop the losses at some point, I don't think they can ultimately stop the Ruble from depreciating. On Mar…
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