ING On ruble affects approximation of tax period

ING: On the ruble affects an approximation of the tax period

Having lost to the dollar about 0.7% on yesterday’s close, the ruble became an outsider among the major EMEA currencies. But amid the drop in oil prices to $ 61-62 / bbl to yesterday’s lows of $ 58 / bbl this loss seem insignificant. As a result, the main pressure in oil prices was broadcast predominantly in a lower ruble price of raw materials. Support to the ruble had massive sales from exporters, who confidently closed the continued demand for the currency. Probably affects the approach of the tax period, according to the chief economist at ING in Russia and CIS Dmitry Polevoy. We also note that the options market in recent days resumed decline in implied volatility (from 35-40% to 29-33% for a period of 1 to 12 months.), Suggesting further stabilization of expectations in the ruble. Such dynamics improves the attractiveness "hedge" risks in the ruble. Central Bank will hold two auctions of foreign currency loans secured by rights claims in dollars for a period of 28 and 365 days, with a limit of $ 4 billion., And $ 1 billion. And min. rates ranging from 0.9235% to 1.4209%. Judging by the dynamics of the spread between the interest rate securities and swaps, which yesterday remained in the red, short-term shortage of dollar liquidity in the market is not observed.

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It may not be fun my trading result from 020416

It may not be fun! my trading result from 02/04/16 for 02/19/16 years.

Hello! Since the beginning of the month did not spread trading results VelMarket advisor since optimizes its trade. After a sharp rise of the dollar earlier this month, it had to resort to the use of more conservative settings. Results you can see by clicking on the link, or get acquainted with the statistics below. In a nutshell, say 3 weeks of trading income in the account amounted to almost $ 400 it is 37.21% of the original size of the deposit, I think it is a good result.

It may not be fun my trading result from 020416

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