The ruble is not set to rise at the beginning of the week

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USD/RUB closed higher after Friday decline of 82 pennies – 62.9 ruble EUR/RUB 63 kopecks to 73.3 ruble against the background of rising oil prices throughout the trading day by more than 3% to 75.8 USD per barrel mark Brent, according to data Libertex. Prices jumped on the background of the agreement of OPEC to increase quotas for the extraction of “black gold” at 1 million barrels per day.
American indices closed trading on Friday mainly on the rise. In the end, the Dow Jones industrial rose 0.49% to 24580,89 points, the index of high-tech companies NASDAQ was down 0.26% to 7781,51 points, the index of wide market S&P 500 – on 0,19%, to 2754,88 points, according Libertex.
The morning formed a negative external background: futures on American indexes are down, Asian markets are trading in negative territory, oil prices went to the area of 74 dollars per barrel on the OPEC decision+.
Futures on American indexes are slightly in the range of 0.44-0.51 per cent, the NASDAQ rises by 0.46%, the S&P 500 by 0.44%, the Dow Jones index is 0.51%. Asian markets fall within 0,11-0,83%, the Australian index S&P/ASX 200 – 0.29%, Nikkei 225 – by 0.58%, the index of Shanghai stock exchange Shanghai Composite – on 0,11%, Hong Kong Hang Seng index decreased by 0.75%.
Negative external background can be somewhat offset by tax period. In our view, USD/RUB protorguetsya between 62,4-63,4 ruble. EUR/RUB is likely to potorgovat in the area of 72.7 73.9 per ruble.
Ivan Marchena,
GK Forex Club