The Ruble has fallen for three consecutive years and is now under massive pressure from crude's unstoppable decline. In October 2015 the RUB touched its local high of 61.88 against the USD and after a short period of con…
The Ruble has fallen for three consecutive years and is now under massive pressure from crude's unstoppable decline. In October 2015 the RUB touched its local high of 61.88 against the USD and after a short period of consolidation entered a rather steep downtrend. Since the beginning of January, the Russian currency has lost more than 10% and made multiyear low at 85.9493 levels. There are several factors affecting the currency movement. It is the most sensitive to the Oil market. Since the beginning of 2016 oil prices have dropped more than 26 percent and Russia is heavily dependent on Oil exports.
This is the reason Russian economy contracted an estimated 3.7% in 2015. Apart from the Oil market, external corporate debt and geopolitical factors are more or less affecting the RUB movement.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
