The ruble increased against the background of rising oil prices

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Tuesday, August 11, the auction on ruble pairs closed lower. The pair dollar/ruble slipped 0.49% to 73,11 RUB, EUR/RUB — on 0,47%, to 85,87 RUB, GBP/RUB — on 0,55%, to RUB 95,47
Trading on Masuria opened lower on the dollar and the Euro. The ruble rose against the background of rising oil prices. Sellers of the dollar were strong enough to reach only to the level 72,70 RUB With the drop in the price of Brent crude is 3%, the ruble has lost part of the profit. However, at the end of the day it closed in good plus.
Negative impact on all the markets had a sharp drop of prices for precious metals. Market participants decided to take profits after an impressive rally since August 1 (+78%). In connection with what began to trigger protective of the foot, putting pressure on the yellow metal and accelerated the downward movement. To push them to sell gold could news from the Russian Federation on registration of the vaccine. This was announced by Russian President Vladimir Putin.
Slowing the number of new cases COVID-19 in the United States also pushed investors to take profits. Gold fell yesterday by 5.67% to $1910, on Wednesday to $1872. Against this background, the oil price fell -0.76%, to $of 44.58.
Wednesday, August 12, in the Asian session, Brent crude rose by 0.31% to $44,72. If the situation stabiliziruemost in the precious metal market, the ruble will continue to strengthen to the level 72,40 RUB Buyers need to protect the level 72,70 RUB to repel the attack of the sellers. At the break of the resistance 73,75 the ruble will move into a new phase of weakening.
Vladislav Antonov,
IAC Alpari