The Russian stock market to grow tired

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The Russian stock market on Thursday, still slipped into a correction, if it is not resisted it previously. Index Mosberg went down to 2515 points and, quite likely, this is not the limit reduction. The RTS index moved to 1200 points. In both cases, the benchmarks can easily go down to 2-3% without any significant losses. Short-term movement corridor for the ruble indicator is 2505-2535 points for foreign currency – 1185-1205 points.
Oil the evening also loses in weight, but comes to the US dollar. Apparently, the investment world is beginning to consider the accumulated baggage of risks.
The ruble held a nonuniform day trading. The U.S. dollar rose above of 66.03 RUB, but to the area of the resistance 66,05-66,15 not dare to come. On Friday, the ruble will be a nervous day: meets the Central Bank of the Russian Federation, which are waiting for the decision on the key rate. This is the rate will mean that inflation is out of control and disturbing its dynamics. The rates in turn, will signal that the consumer price index even with the VAT rise falls within the expected range and does not need manual control. Very interesting are also the comments of the head of the Bank of Russia Elvira Nabiullina on the ratings of the economy and financial system.
The US dollar will finish today’s session in the corridor 65,85-66,25, the Euro will close Thursday in the range 74,80-75,20 RUB.
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Anna Bodrova,
Senior analyst at information-analytical center,
Alpari