The ruble remains stable even without much support

  • And
  • +A

The ruble is stable on Wednesday and even attempted growth in early deals, despite the absence of positive signals. Risk assets remain under pressure and are in anxious anticipation of a new round of trade talks in Washington, which will start tomorrow. After the tightening of the rhetoric of three of the Beijing market participants are not very hopeful of a breakthrough in the upcoming negotiations.
The us dollar is trading in a narrow range above the level of 65 rubles., which still acts as a fairly strong support. In the absence of clear signals from the oil market the Russian currency is difficult to determine the precise motion vector, and the activity ahead of the trade talks traders to be in no hurry.
Given that the Forex dollar basically reduced the threat of breakdown region 65,30 RUB at the moment is small.
Russian indices traded lower amid the drawdown of European markets after indexes in Asia. Index Mosberg and RTS fall in the range of 0.5% and in the short term, a significant strengthening of the bearish pressure is not expected, of course, if oil prices do not accelerate to the downside.
____________________
Gennady Nikolaev
Expert
Academy of management Finance and investment