end of 2011. - Beginning of the second wave of the crisis - page 53
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
If the USD/RUB breaks through 33.50 on a repeat of the high, we will see at least 42-43 RUB/$1 in early 2012.
And if we smoke, we might break through better. And if you bite, then it may break through by such a highs that it will not be enough.... Any lows will appear as maximum highs.....))))
EUR/USD approached a strong resistance level of 38.2% at 1.3830, which is unlikely to pass without a correction.
Below are two scenarios that could lead to further developments:
Here are two scenarios that could lead to further developments:
You are our screenwriter
The scenarios aren't very interesting. Can you elaborate and give out something more intriguing?
The scripts don't look very interesting. Can you refine them and give out something more intriguing?
EUR/USD approached a strong resistance level of 38.2% at 1.3830, which is unlikely to be passed without a correction.
Below are two scenarios that could lead to further developments:
The plan is for the second (lower) point, most likely. And in general it seems that this picture with the levels was "copied" from my terminal, just kidding ;0))
Do you mean that price will correct from the rising wave to the 61.8% price point of 1.34?
Do you mean that price will correct from the upward wave to the 61.8% price point of 1.34?
Bank of Russia reserves fell by another $6.4bn over the week http://top.rbc.ru/economics/13/10/2011/620096.shtml
The Bank of Russia's foreign exchange reserves shrank by another $6.4bn (-1.2%) over the week. (-1.2%) and stood at $510.4bn as of 7 October, the Central Bank said in a statement. This is the lowest level in six months: the last time reserves were at this level was April 8
The central bank's reserves are thinning rapidly as the regulator tries to keep the falling ruble exchange rate within acceptable limits. In September alone, the reserves have lost $28.2bn (-5.17%). (-5,17%).
At the beginning of the year, the amount of Russia's gold and foreign exchange reserves was recorded at $479.4 billion. Thus, during the first nine months of 2011 the reserves increased by $ 31bn.
The historical maximum of Russia's foreign exchange reserves was recorded on August 8, 2008, when their volume reached $ 598.1bn. The historical minimum was 10.7bn dollars registered on April 2, 1999.
International Reserves of the Russian Federation represent highly liquid financial assets held by the Bank of Russia and the Government of the Russian Federation as of the accounting date. International reserves consist of assets in foreign currency, monetary gold, Special Drawing Rights (SDRs), reserve position in the IMF and other reserve assets.
By early 2012. The Bank of Russia forecasts a decrease in gold and foreign exchange reserves to $515bn by the beginning of 2012. By 2013, according to the regulator's estimates, the reserves may amount to $505bn with oil at $75/bbl, $541bn with $100/bbl and $589bn with oil at $125/bbl. By 2014. The Central Bank expects this figure to be between $478 billion and $649 billion, and by January 1, 2015, between $448 billion and $710 billion. -USD 448-710bn
p.s. The price of ruble depreciation... If it keeps going at this rate, gold foreign exchange reserves will run out very quickly...