Spread Betting Demo Simulator Account SpreadCo

3/3 The Rouble

I don't normally trade anything on the forex. I like to keep my cash in USD and just take profit in CAD when it spikes to 1.11 CAD to the dollar. I was up late last night and noticed the rouble is taking a huge hit due to the recent developments in Crimea and Ukraine.
Usually the media hypes up a situation more than it deserves, but the Russian market took a 7-8% hit, showing that there is real fear to the economic sanctions leveraged by the west.
I think that a bet against the ruble (USD.RUB) is a relatively safe one.
The current interest rate in Russia is at 7%, which was raised from 5.5%. This should have promoted a stronger currency but may have only slowed down inflation. This is a country that has gone bankrupt and defaulted on its debts.
Overall this situation is bringing down global markets, but I can only guess at the scope and spread of the overall damage and fear. The best I can do is keep doing what I am doing in equities and try to profit off of Russia.
submitted by Asiansupermarket to Pennystocktrading [link] [comments]

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Do Spread Betting Providers Manipulate Stop Loss Levels?

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