The ruble is under pressure of external factors falls against dollar

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Wednesday, August 28, the third consecutive day, crude oil finished the day a moderate growth of quotations. Bidding started near the mark of $59.4 per barrel for Brent, followed by a slight decline to $59,2. Then it was replaced by growth, at the beginning of the American trading session the price reached $60,4, although by the very end of trading fell to $59,8. Higher prices in the American session contributed to the statistics of the energy information Administration of the United States, which showed a decrease in oil reserves for the week by 10.0 million barrels, while experts expected a decrease of only 2.1 million barrels.
Thursday morning price correction continued, oil was trading near $59,3 per barrel. Probable trading range for the remainder of the day for Brent crude is at $58.7-59.9 per barrel. The medium range which is defined by the closest significant support levels and resistance remains between $57,8-61,0.
Major Western stock indices showed on Wednesday multidirectional movement. Despite ambiguous sentiment of global investors, Russian market on the eve of the rose. At the end of the day the ruble Mosberg index has added 0,68%, dollar-denominated RTS index to the weakening of the ruble grew slightly less, by 0.64%. Among leaders of growth – “LUKOIL” (+2,13%) and ALROSA (+1,69%). Dow 30 increased by 1.00%. Thursday morning most of the stock markets of the APR countries moderately declined by 0.1-0.2%. The exception was the Australian ASX, which grew by less than 0.1%.
Futures on the S&P 500 index was trading near its 2 in the morning, 882 p., 0.26% below level of closing of the previous trading day. Slight morning decline in Asian markets and oil prices formed a moderately negative external background before the auction of the Russian shares. Likely day the corridor index Mosberg is in the range of values 2650-2705 points, the RTS index — 1255-1280 points. Today financial statements under IFRS will release “Gazprom”, “rosseti”, AFK “Sistema”, “Aeroflot”, “RusHydro”.
On the eve of the ruble is again under pressure. Its reduction contributed to the end of the tax period and the overall negative background in the currency markets of developing countries. At the end of the day on Masuria, the dollar rose to RUB 66,8000 (+35,75 COP.), and the European currency has grown to RUB 73,9250 (+23,75 COP.). Morning correction in oil prices may cause a further gradual decline of the ruble. The expected daily range for the dollar — 66,1-67,5 rubles, for European currency — 73,2-74,7 RUB.
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Vadim Iosub,
Senior analyst,
“Information-analytical center “Alpari”