Especially for “the Russian newspaper” Yaroslav Kabakov, Director of strategy IK “FINAM”, gave a forecast of the ruble and the price of gold.
– most Likely, the ruble will remain in the range of 72 to 74 rubles per dollar and 78.5-81 ruble per Euro, the expert predicts. – As long as the price of oil will not overcome the level of 35-36 per barrel. Then we can see further strengthening of the ruble. However, this is expected in the summer months.
the Euro weakened last week against the dollar, reaching the level of 1.0750, however, on Friday attempted to rebound. In the coming days we will likely see further consolidation on current levels.
however, forecasting future trends is complicated by the almost daily initiatives of the ECB and the fed to stimulate their economies, creating volatility in the foreign exchange market.
And it was through the efforts of the Central banks gold prices to stay above 1690 dollars per ounce, making the investors not to rush out of a defensive or shift in Treasury bonds. So in prices of the precious metal in the coming days may well form a short-term boost to the level of 1720 dollars.
Dynamics of the Russian stock market, most likely, this week will remain in a sideways range the index Masuri will be traded between the support level at 2600 points and the resistance of 2700.
overall, the past week has been good for the ruble, and laid a good Foundation for the next few days. He managed to strengthen against the major world currencies to the level of 73.4 per dollar and per Euro 79,55. Substantial support to the currencies of developing countries have had a continuing correction in oil prices and expectations of lifting the restrictive measures and the beginning of recovery in the growth rate of the leading economies amid a slowdown of the spread of coronavirus.
However, the Russian ruble still remains intriguing. It is associated with the actions of the Central Bank to reduce the volume of currency sales and rising prices for Urals above $ 25 per barrel.
From the statistics presented by the Bank of Russia last week, it follows that the volumes are saved. And this week we do not expect substantial reductions. But expect further strengthening of the ruble in the coming days, still not worth it, even with the growth of oil prices. As I said, this is more likely to occur in the summer.
