The threat of trade wars depresses the markets, the ruble is losing ground

  • And
  • +A

Asian markets continue to suffer from discharge fears around international trade. The MSCI index excluding Japan develops immersion in 2-year lows against the background of the adoption of the American legislator project, complicating the purchase and investment of China in technology US.
American courts also do not welcome the current initiatives of the administration, actively declining last week. Noteworthy is that the DowJones fell this week below the 200-day mA, which often heralds the development of a strong momentum of sales. Earlier this year, the stock has got support on approach to this level, but this time the forces of the buyers are in no hurry to enter the market.
Meanwhile, the currency market is not yet decided movement. The dollar index on Tuesday rose 0.3% after declining in the previous three trading sessions. EURUSD is trading near 1.1650. In the event of deterioration in the stock markets, the dollar may receive short-term support, acting as a protective asset. However, the risks of tariffs can seriously inhibit the potential growth of the us economy and force the fed to act more cautiously, impeding the growth prospects of the dollar in the coming years.
Russian stocks lost yesterday followed global trends, and this trend is likely to remain in force. On the other hand, oil prices rose on Tuesday on 3.6%, kept the retreat of the Russian market.
But it has not helped the Russian ruble. The USD / RUB pair gained 24 kopecks to the dollar to 63.03. Tightly associated with the dynamics of international markets and demand risks, the ruble, is probable, and the environment will remain under pressure in spite of positive dynamics of oil. The pair EURRUB makes very measured movements, losing Tuesday’s 2.5 pennies.
____________
Alexander Kuptsikevich,
Financial analyst,
FxPro