USDRUB currency pair fell over 3.0% during today's session as risk aversion increases. Markets await final decision whether Russia will officially recognize independence of breakaway republics. Throughout the security meeting with Putin, he was repeatedly urged by nearly all of his advisors and cabinets to recognize Donbas.
Most likely president Putin will declare his decision on live on Russian TV in a national address today. Many experts believes, that Luhansk and Donetsk will be recognized as independent. Meanwhile Ukraine government is asking for an urgent meeting of the UN Security Council (which of course includes Russia). Further news regarding this matter may cause increased volatility on markets, so it is worth watching the headlines. The most important will be definitely the response from Kiev and Western countries to Putin's decisions.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appUSDRUB broke above local resistance at 77.85 which coincides with 23.6% Fibonacci retracement of the upward wave launched at the beginning of 2020. The pair is currently heading towards psychological resistance at 80.00, which is marked with upper limit of the 1:1 structure. Source: xStation5
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.