USD/RUB surges over the 85 level, China fails to support its stocks market

January 22, 2016

$25 for a barrel of WTI does not appear so fantastic anymore. Investors speculations multiplied by a continuously increasing market surplus make Oil hit new record lows. Bearish sentiments dominated on Wednesday with WTI breaking the $27 level reaching 26.55 low and Brent touching the $27.10 level. EIA report confirmed the previous fears, showing that US Crude inventories increased by 0.2M barrels, despite a wave of bankruptcies among Oil producers looming large in the U.S.

The collapse in Oil market also impacted the world stocks, sending S&P500 down by 1.17%, Dow Jones down by 1.56%.

Russian currency responded with a steep crash, USD/RUB crossing the 80 level. Russian panic extended today, sending USD/RUB to the historical high at the 85.75 level, making Russian currency the worst performer in developing countries. A further drop in Oil prices may result in further depreciation of Ruble, pulling USD/RUB over the 90 level, with possible interventions from Russian Central Bank.

Asian indices suffer from a sharp sell-off as investors quit risky assets. Nikkei225 fell by 2.43%, Hang Seng dropped by 1.82%. Investors’ shift to the safe havens has made Japanese Yen and Swiss Franc best performers against other major peers – USD/JPY -0.01% to 116.93, USD/CHF +0.02% to 1.0045. Chinese government has tried to keep negative concerns over economic growth away from the market by making huge cash injections. However, this plan has failed and ShComp was trading in the red zonetoday closing up with a 3.23% loss.

Publication source
Tickmill information  Tickmill reviews

January 23, 2017
The Week ahead: Politics to take center stage
Donald Trump is finally in power, a new era has arrived, and his policy plans in the first couple of weeks will override fundamentals. Markets spent more than two months pricing in growth policies promises, lowers corporate taxes, and deregulations, now it is time to deliver as markets will no more move on words but actions...
January 23, 2017
Dollar opens weak as markets cautious on the new Trump administration
The U.S. dollar continued to extend the declines for what could a third consecutive day. On Friday, Donald Trump took office as the 45th President of the United States...
January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...

Tickmill Rating
Grand Capital Rating
Orbex Rating
FIBO Group Rating Trade Rating

TopOption Rating
Empire Option Rating
Binary Brokerz Rating
OptionFair Rating
365BinaryOption Rating
UKoptions Rating