Another swift move in the Russian currency as risk comes back with a bang.

600 odd pips in the last 20 minutes or so

USD/RUB 5 minute chart 16 12 2014

USD/RUB 5 minute chart 16 12 2014

We’ve seen the US dollar recover and oil has had a strong bounce as well to 57.40 from the 53.91 lows.

WTI crude oil 15 minute chart 16 12 2014

WTI crude oil 15 minute chart 16 12 2014