Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Thursday, 25 April 15:44 (GMT -05:00)



Foreign exchange market

Near-Term Predictions for Russian Ruble by FortFS


On Monday, the Russian Ruble exchange rate increased by 0,9% up and reached 64 rubles per dollar. The Russian currency managed to regain a part of Friday's loss. Russian assets (currency and bonds) had gained support from a exposure reduction slowdown coupled with higher oil prices. 
 
Monday's tax figures turned out to be strong. According to Bloomberg, the total amount of tax payments replenishing the budget reached 2.62 trillion rubles.
 
Another factor supporting the Russian assets turned out to be the end of the investigation related to Russia's thread in the 2016 U.S. Presidential Elections. For those of you who don't know, a group of investigators accused Donald Trump of some conspiracy with involving Russia. The end of the investigation decreased the tensions and the downward pressure on Russian assets in general. 
 

At this point, those market players who invest in Russian assets are currently interested in auctions held by the Russian Ministry of Finance. At the same time, some Russian experts say that after the period of tax payments that replenished the Russian budget quite a lot, there are very few factors remaining when it comes to backing a stronger ruble. However, the influence of the USA's aggressive rhetorics on the Russian Ruble is still strong. According to ProFinance, the Russian national currency nearly lost the support of exporters after they had to pay yet another tax, but the ruble may still be purchased by foreign investment funds. So, the demand for oil seems to be one of the very few factors backing the ruble and other Russian assets at this point and in the neat future.
 
The current policy pursued by the Federal Reserve is now helping the ruble a bit. However, the currency market interventions pursued by the Russian central bank are playing against it, FortFS reports. This means that those who are now playing against the central bank are likely to give up at some point in the near future, probably in April. While some experts expect the USDRUB exchange rate it fluctuate within the scope of the 63,5-65 range, Sberbank Asset Management experts name a tighter range -  64-65 rubles per dollar. 

 

 

You are free to discuss this article here:   forum for traders and investors

 

Text: Near-Term Prospects of Russian Ruble by FortFS
Add to blog
Got a question? – Ask it here »
 

ETH's At Local Highs: What's In For Ethereum And ICO?

Ethereum is back in the game! It's currently trading around 5-month lows. Still, the market seems to be showing some confidence that the coin has already overcome its existential crisis and managed to recover from crisis that started after the ICO bubble burst in 2018. Will ETH and ICO revive?

Publication date: 17 April 10:42 AM

NordFX Shares Another Forex and Cryptocurrency Forecast for Mid-April 2019

The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.
Publication date: 15 April 10:54 AM

Weekly Forex and Crypto Prediction by NordFX. Mid-April 2019

Any exchange rate between any two currencies is the result of multiple factors affecting the currency pair at any given moment. At the same time, those exchange rates themselves are actually capable of affecting other processes important to specific countries and even the entire world.

Publication date: 09 April 11:01 AM

Weekly USD, GBP, and EUR Forecasts by FortFS

Last week, almost all of the emerging currencies gained some value against the U.S. Dollar. On the contrary, the so-called G10 basket of currencies stayed withing a rather narrow price range against the dollar, with the New Zealand Dollar being the only exception (it devalued by 1% over the reporting period).
 
Publication date: 08 April 12:06 PM

Billionaire Predicts Major Rally for Bitcoin

Michael Novogratz, a billionaire and investment banker, thinks that the Bitcoin exchange rate is going to skyrocket within the next 20 years. In particular, he believes that in two decades, the market cap of the world's first cryptocurrency will exceed the one of gold. For that, the BTC rate will have to increase by 10000% to reach 7,5 trillion dollars.

Publication date: 26 March 12:32 PM

Alpari Eurasia Joins Belarus Association of Financial Market Development

 In order to stay ahead of the rivals, forex companies have to keep on improving, introducing new products and services, innovating, expanding their presence in the global market. Alpari has reported about joining the Association of Financial Market Development in the Republic of Belarus. The decision was made on March 2019, given Alpari's significant contribution to the development and improvement of the local forex industry.

Publication date: 14 March 12:31 PM

NordFX Shares Forex and Cryptocurrency Forecasts for Mid-March 2019

The situation in forex, which is the international currency market, has always influenced many other fields of human life worldwide. In the meantime, traders and investors rely on accurate forex forecasts to earn money. That is why Market Leader keep on telling you about those weekly consensus forecasts, courtesy of NordFX. In particular, the local expert team has come up with another forecast based on the time-tested approach, which boils down to studying tons of related sources, expert opinions, as well as predictions made based on technical and graphical analysis.
Publication date: 11 March 11:13 AM

FxPro Conducts Professional Training for Forex Traders

Making money by trading Forex has been getting more and more popular with retail traders over the last few years. When done in a proper and consistent manner, those investments may generate profits in any economic situation, even during a crisis. But how can you become a successful trader?

Publication date: 10 March 05:52 AM

NordFX Shares Forex and Cryptocurrency Forecasts for Early March 2019

 The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.

Publication date: 03 March 11:09 AM

How Scams Exploit FxPro Reputation

Financial markets are not pure figures, reports, and charts. Any market implies human players in the first place. Unfortunately, not all of those people are kind and honest. Forex and its participants - traders, investors, and brokers - have always been subject to various kinds of manipulations and fraud. With that being said, a market participant can fall pray to scams an all kind of unfair play in the industry surrounding the international currency market.

Publication date: 02 March 01:10 AM