April 25, 2024

Economic digest 07/12/2020

The dollar/ruble pair fell last week and closed at 70.7275. Medium term couple,Possibly located in wave 3 of the finaldiagonal triangle with 86, which is C in the flat. Options for long-term markings are here. The net long speculative position in ruble futures fell by 800 from 11,900 to 11,100. The RTS index grew and closed at 1245.65, there is every reason to believe that it has already completed wave E of the triangle since 2008 (long-term marking here, medium-term &# 8211; here). The Russian government bond index (RGBI-tr) rose and closed at 611.13. For more details, see the “Results of the Week” program.

World markets

OilI believe that the bottom of the 4-year cycle is alreadyestablished and a long-term upward reversal has occurred. The number of operating towers in the US fell from 185 to 181. The net volume of long speculative positions last week fell by 17,100, from 560,900 to 543,800. The week closed WTI - 40.55, Brent - 43.24.

Euro / dollar(EUR/USD) completed wave C of a flat correction withMarch 2015 (the marking can be viewed here, the dollar index – here), respectively, wave X in the long-term marking, and moves in wave A in the circle in Y. Now the pair is in the fifth wave of this movement, which is the KDT (there is a small chances are I've already finished it). Closing of the week is 1.1299.

Futures on the S&P indexmost likely finished flat correction (marking here). Closing the week - 3178.5.

Goldis in wave B in a circle in the long-termmarking (there is a chance that it has already been completed). His wave B (or X) was a triangle, and he is already moving into wave C (or has completed it, mid-term markings are here). Weekly close: 1798.07.

Bitcointhere is every reason to believe that the impulse from the year before last low was completed on June 26, most likely there was a correction to it, and the cryptocurrency turned upward.

RUH666 (ancestor of Rüchism)