Technical analysis of the situation on the Russian ruble on Forex.

The situation associated with the introduction of US sanctions against Russian companies is gradually calming down. We can look at the technical picture, formed on the Russian ruble in tandem with the US dollar – the USD/RUB currency pair.

Technical analysis of the ruble USDRUBLet’s start with the weekly chart. Continue reading

Central Bank of Russia reduced the interest rate to 7.25% – Decision of 23 March 2018

On 23 March 2018, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.25% per annum.

Central Bank of Russia

Annual inflation remains sustainably low. Inflation expectations are diminishing progressively. The Bank of Russia forecasts annual inflation to be 3-4% in late 2018 and remain close to 4% in 2019. Continue reading

Forex forecast for the Russian ruble (USDRUB) for the week 05-09 March 2018

Last week, the dynamics of the Russian ruble versus the US dollar was affected by several factors.

Forex forecast USDRUB Daily-040318
This is primarily an increase in the S&P rating of the Russian Federation to “BBB-/A-3, market reaction to the speech of the President of the Russian Federation with a message to the Federal Assembly and the dynamics of the US dollar. Continue reading

Standard & Poor’s Ratings Agency upgraded Russia’s rating to investment grade “BBB-“

According to the International Rating Agency Standard & Poor’s – “The sovereign ratings of the Russian Federation on foreign currency obligations have been raised to “BBB-/A-3” thanks to a balanced economic policy and the improvement of the mechanism of transmission of monetary policy, the forecast is “Stable”.

Standard & Poors Ratings

The upgrade of Russia’s rating from S&P reflects a positive view of investors on the Russian market and will allow launching new investment projects in the future. Continue reading