Wednesday, June 1, 2011

Collapse in oil prices will not

"During the day the ruble strengthened", - comments Bank.ru head of the work in the financial and stock markets Binbanka Boris Olshansky. "Currency basket dropped to 33.92 rubles. It is 40 cents below yesterday's close. It is obvious that entered the market a major player and the players who sell the currency. Dollars in the market a lot. First of all, the strengthening of the Russian national currency due to rising oil prices. Yesterday the price of oil fluctuated at a level of 70-71 dollars per barrel. Now it has grown to $ 72. Apparently, market participants believe that the bottom of a drop in prices of oil is passed. Growing Russian stock market. On the world market investors to invest again styles in gold. However, we must pay attention to the fact that the global currency market the dollar has strengthened against the euro. Perhaps one of the main reasons - the news from China. The idea is that the government of China will change its investment policy and will not be buying European debt securities. Furthermore, recent European Commission announced that the EU should introduce a special tax on banks. Of course, it has a negative impact on the euro. Noting that 70-80% of the ruble is dependent on oil prices. Although, in theory, the situation on global currency market also has an impact. The idea is that the euro has a negative impact on the ruble. But today it did not happen. In my opinion, next week to continue the strengthening of the dollar against the euro. As the global and Russian markets are very volatile. Make predictions very difficult, the situation can change rapidly and dramatically. In my opinion, the price at $ 70 an equilibrium. I do not think that it is possible collapse of prices for "black gold" - the expert believes. At 17:00 MSK in the UTS MICEX dollar fell to 30.8632 rubles (-0.3742) EUR - 37.9339 rubles (-0.4899).

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