Thinking of trading EUR/RUB?
- 1. Much of the country's economic growth relies on energy revenues thanks to Russia's abundance of natural gas, precious metals and oil. 30% of the world's supply of natural gas comes from Russia, so if the prices fluctuate there, it will affect the rouble, this is to be an upward momentum for the following year. So it is a good time to enter trades involving this currency. 2. Service industry marks number one in Russia' economy, making up to 60% of the nations GDP, again, reinforcing the stability of the rouble.
Trading CFDs involves significant risk of loss
How would you like to trade EUR/RUB?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade EUR/RUB with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. If there are price fluctuations in global oil and other natural energy resources, other than natural gas, it will likely have an effect on the rouble, since the country is very dependant on the health of the energy industry. 2. Global demand for machinery and consumer goods will also affect on the currency, together with monetary policy decisions from both the ECB and CBR. 3. The Russian economy has been under constant stress since 2014. The Kremlin's tough policy on a number of geopolitical issues and the constant threat of new sanctions reduce the investment attractiveness of the region. Such processes are usually followed by the weakening of the national currency.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'