Watch the Rubble today. The Russian Federation continued along its path of dictatorship and central, one-man rule as Czar Vladimir Putin removed a credible and popular candidate, attorney Alexey Navalny from standing in the election of 2018. The hapless citizens of mother Russians hardly have any sort of say in the workings of their “government” that is unless they are in the inner circle of the Kremlin, sort of just like under the Communists. However, now at least the capital markets can voice their votes on the jackbooted Putin regime. The USDRUB rate as of press time was rising, meaning that it was taking more rubles to buy a US dollar, i.e. the Rubble was weakening. As you would think. But remember, everything, including everything is rigged in the Russian Federation. You can be sure that the oligarchs and their minions will be ordered to sell US dollars to keep the Rubble artificially strong. There will be only so much intervention that is ordered to take place before the banks will bend to the will of the global markets and relent, letting the USDRUB rate rise illustrating a perfectly democratic statement about what is happening in Russia today.
US Equities Strong
Daily Analysis - 26/12/2017