USD/RUB MACD indicates downside pressure

The failure of MACD to test recent highs indicates that USD/RUB could be facing downside pressure soon.

Over the past two weeks, it has become evident that a bearish divergence between USD/RUB spot and the MACD has developed, which typically implies weakness ahead. Additionally on a 4-hour chart, we can see that the MACD line pushed below its signal line, a further bearish forewarning.

Dec 15, 2015

US CPI: All set to spike? - ING

James Knightley Senior Economist at ING, notes that the US headline inflation is likely to rise sharply as last years’ plunge in oil prices drops out of the annual comparison, but the latest falls in brent crude suggest the Fed can keep policy tightening slow and steady.

Fed lift-off coming: Emerging markets gear up – Goldman Sachs

Research Team at Goldman Sachs, suggests that after an unprecedented decade of near-zero rates, the prospect of monetary policy normalization raises real questions about the implications for economies and assets—all the more so given that inflation and growth expectations are somewhat lower than at the start of prior Fed rate-hiking cycles, while rate and equity valuations are at the higher end of their historical ranges.