forex forum binary options trade - Forex - USDRUB market and chart overview
  • Welcome to forex forum binary options trade. Please login or sign up.

USDRUB market and chart overview

Started by PocketOption, Feb 25, 2022, 03:59 pm

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.


USDRUB market and chart overview

e and cryptocurrencies

USDRUB market and chart overview

USDRUB analysis of the n ruble and the impact of sanctions

After  launched military action in e, the price of oil jumped to almost 102 dollars per barrel. The price of natural gas jumped by 4.7 percent, as well as the price of gold, which amounts to 1,942 dollars per ounce. The price of American crude oil is at its maximum, $ 97.40. All trading activities on the Moscow Stock Exchange were suspended yesterday because the ruble and stock prices fell to the lower limits set by the stock exchange.

Pair USDRUB is calm today, and the exchange rate fluctuates in the range of 83,000-85,000. Friday is the last day of the stock market in working the week, and we can expect sideways consolidation. Yesterday USDRUB reached an all-time high at 90,000. After that, we had a withdrawal and the current consolidation. It is important to follow the events in e during the weekend because any information will probably have an impact on the chart on Monday.

usdrub-20220225Only a day after the signing of the decree on the recognition of Donetsk and Lugansk, the world stock exchanges started their business in the red. The ruble and the hryvnia first fell but stabilized on the same day.

has strengthened its economic independence and built financial defenses over the past seven years. Still, in the long run, it is unlikely that its economy will withstand the onslaught of coordinated sanctions from the West, according to Reuters.

The European Union and the United States began imposing new sanctions on  after President Vladimir Putin sent tanks to e, extending previous sanctions imposed after the decision to recognize the independence of the two breakaway ian regions.

Measures taken by the West include sanctions and the freezing of assets of several n banks and business people, stopping access to foreign financing, freezing an $ 11 billion pipeline project to Germany, and restricting access to high-tech products such as semiconductors.

claims that the sanctions are against the interests of those who introduced them and that it will not harm its economy since it has billions of dollars in foreign exchange reserves and growing revenues from oil and gas.

Thanks to these facts, with a current account surplus of five percent of annual GDP and a debt-to-GDP ratio of 20 percent, which is among the lowest in the world, the n economy is considered very resilient to financial attacks. In addition, only half of ’s liabilities are in dollars, down significantly from 80 percent two decades ago.

According to Granville, rising oil prices will provide  with an additional 1.5 trillion rubles ($ 17.2 billion) from corporate income tax this year.

“ will be treated as an enemy state cut off from global flows, investments, and other normal economic interactions that contribute to the standard of living, income, productivity, and profitability of companies,” he said.

Signs of economic vulnerability are already present. n household incomes are still below 2014 levels, and according to the World Bank, in 2019 – before the COVID pandemic broke out 19 – annual GDP was estimated at $ 1.66 trillion, well below $2.2 trillion from 2013

Sergei Guriev, professor of economics at French Sciences Pou and former chief economist of the European Bank for Reconstruction and Development, pointed out that ’s nominal GDP per capita, twice as high as China’s in 2013, is now lagging behind.

The post USDRUB market and chart overview appeared first on FinanceBrokerage.

Source: USDRUB market and chart overview