April 26, 2024

Economic digest 01/05/2020

The dollar/ruble pair changed little last week and closed at 62.10. Medium term couple, rathertotal, completed wave C of wave 2 finaldiagonal triangle with 86, which is flat (marking here), and is already in wave 3. Long-term marking options are here. The RTS index rose and closed at 1564.18 (long-term markings here, medium-term markings here). The Russian government bond index (RGBI-tr) also rose, set a new all-time high (572.87) and closed at 572.54. For more information about long-term forecasts, see the “Results of the Year” program.

World markets

Oil implemented the “inverted head andshoulders,” and went into correction. When this correction ends (has ended) will depend on where exactly the KDT ended, which was the last wave in the movement from 42.05 (marking here), there are still options (see here). At the moment, flat (more details here) is no longer the most likely option; it is not yet possible to single out one. The number of operating towers in the US fell from 677 to 670. The week closed WTI - 63.05, Brent - 68.70.

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, since the level of 1.21545 was broken (previously this signal was given by the dollar index, breaking the corresponding level), and is moving towards parity. Now the pair is in the fifth wave of this movement, which is KDT. Closing the week - 1.1156.

Futures on the S&P indexWhat is the latest wave of growth, sayIt’s still difficult, most likely this is part of a corrective pattern (wave B of a triangle or flat), and it may already be completed, so I expect a decline in the near future. Closing the week - 3235.5.

Goldis in wave B in a circle in the long-termmarkings. The metal broke through 1366.08, therefore its wave B (or X) was a triangle, and it is already moving in wave C (medium-term markings here). Closing the week - 1551.78.

Bitcoinbroke through the October low, so there is every reason to believe that the impulse from last year’s low was completed on June 26 and now a correction to it is underway (or completed) (wave 2).

RUH666 (ancestor of Rüchism)