Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Expert Chaslau Koniukh
Analytics

Dmitry Babin: the ruble is strengthening – review by Сhaslau Koniukh

28.06.2020
2 min read

Chaslau Koniukh and Analyst of “BKS Broker”: ruble exchange rate is strengthening and the trend will continue in the future.

The oil war with Saudi Arabia, the global decline in demand for raw materials led to a sharp collapse of national money. However, after the fall, the ruble is strengthening against the currencies of the bi-currency basket. Positive dynamics is observed against the background of Brent oil price rise. The value of July futures increased by 3.7% and made 23.6 dollars per barrel.
According to the analysis of experts, last week the ruble showed strong growth against the dollar and the euro. During the trading the American currency lost 59 kopecks, while the European currency – 32 kopecks.
The strengthening of the ruble is primarily due to the increase in oil quotations, however, trends in foreign stock markets also play an important role. For example, last week for Asian exchanges was marked by 1.5% growth. On the European trading floors, the main indexes have risen within 1%, while futures on the US indexes have risen. Indicators on the Russian stock market added 1.2-1.7%.
Dmitry Babin, who is an analyst of “BKS Broker”, commented on the situation. In his opinion, oil prices on the world market are beginning to gradually stabilize. This is primarily due to the activation of investors. They are gradually recovering from the pandemic and the losses it has caused. A couple of months ago companies and funds talked about freezing of projects, tried to keep the maximum amount of capital, now they are already looking at different segments, and analyzing options for investing money. These positive trends contribute to the growth of business and consumer activity, which indicates the beginning of recovery processes in the global economy. Chaslau Koniukh agrees with all Dmitry Babin’s arguments regarding stabilization of the oil price.

Expert Chaslau Koniukh
Expert Chaslau Koniukh

For the Russian currency, the situation is favorable. To maintain the ruble, the Central Bank sells quite a large amount of American money – about 275 million dollars daily. Combined with global trends and the dynamics of other currencies, all this suggests that the ruble is strengthening.
The other day, the Federal Reserve was reviewing the value of the key rate. It was decided to leave it unchanged. This fact is also beneficial for the ruble – as long as foreign markets are stable, fluctuations in the national currency are unlikely. In order to understand how the dollar will behave in relation to Russian money, it is important to clearly monitor what is happening in the world market. As long as the situation there is relatively calm, the ruble does not face a serious fall. However, it should be understood that analysts do not make long-term forecasts due to the instability of some processes. The world has not recovered from the pandemic and demand is still at a low level, so currency fluctuations are quite possible. However, according to Dmitry Babin, there is no need to be afraid of such a collapse, as it was observed in March.  Chaslau Koniukhsupports Dmitry Babin’s statements and singles out the professionalism of analysts in relation to the fact that they do not make long-term forecasts.

Tags: Analytics
0
Previous Post Algorithmic trading as a tool for stock market operations Next Post Russian stock exchange market: history and features

You Might Also Like

Goldman Sachs Bank
Analytics
Goldman Sachs made a forecast for the S&P 500 Index for this year
28.06.2021
oil prices collapse
Analytics
Wood Mackenzie analysts: oil prices expected to collapse
25.11.2021
High inflation: how to protect investments
Analytics
How to make high inflation work for yourself: views of the analyst
08.02.2022
oil quotes forecast
Analytics
Oil quotes: forecast from Swiss bank Julius Baer
23.07.2020
Snap shares
Analytics
Loop Capital Markets analyst: Snap shares could grow significantly over 5 years
18.06.2021
drop oil prices
Analytics
BCS Global Markets analysts: oil prices may fall by the end of the year
01.10.2020

Recent Posts

  • 1cryptocurrency whales are acquiring Ethereum
    Cryptocurrency whales are buying up Ethereum altcoin as its price has fallen
    06.02.2023
  • 2voice assistant Alexa
    Alexa voice assistant forces Amazon to go to extremes
    05.02.2023
  • 3Merck
    Merck announced a deal with Imago
    04.02.2023
  • 4slowdown in inflation in Germany
    Germany and other countries recorded a slowdown in inflation
    03.02.2023
  • 5John Craig Venter
    Who is John Craig Venter and his contribution to science
    02.02.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • The London Stock Exchange has announced the acquisition of Refinitiv

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

cryptocurrency whales are acquiring Ethereum
Cryptocurrency whales are buying up Ethereum altcoin as its price has fallen
06.02.2023
voice assistant Alexa
Alexa voice assistant forces Amazon to go to extremes
05.02.2023
Merck
Merck announced a deal with Imago
04.02.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • The London Stock Exchange has announced the acquisition of Refinitiv
  • Inventor and businessman Isaac Singer: a success story
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics