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Search resuls for: "whipsaw"


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☆ Russian ruble jumps even as the US dollar slams other global currencies and Putin escalates the war on Ukraine
  + stars: | 2022-09-23 | by ( Brian Evans | ) www.businessinsider.com   time to read: +2 min
The Russian ruble strengthened Friday to cap off a whipsaw week for the currency. Russia's native currency gained 4.5% against the dollar, hitting 56.7 and climbing to a high not seen since August 25. The rally came while other global currencies weakened against the dollar, which hit a fresh 20-year high. Russia's native currency gained 4.5% against the dollar, hitting 56.7 and climbing to a high not seen since August 25. The ruble has gone from both one of the weakest - and strongest - global currencies this year.
☆ Hedge funds dashed to exit energy positions last week, data show
  + stars: | 2022-09-23 | by ( Nell Mackenzie | ) www.reuters.com   time to read: +2 min
REUTERS/Nick OxfordLONDON, Sept 23 (Reuters) - Hedge funds around the world fled positions in energy stocks, bonds and futures last week just in time to miss this week's whipsaw moves in oil, according to data from two banks. It could be a sign that hedge funds, which often discover trading ideas from market trends, are finding it too tough to bring in the kind of paydays they received from the surge in oil prices earlier this year. And on Friday, oil prices hit their lowest since January as recession fears gripped world markets. His firm had an "amazing run" trading energy futures the first quarter but eventually, the trend ended. The momentum that fueled a stable upward rise in oil prices has changed, said another manager who oversees more than $100 billion and for compliance reasons wished to remain anonymous.
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