So, the dollar continues to gain ground after Joe Biden yesterday signed the $1.9 trillion stimulus bill. On the EURUSD chart the market reaction is clearly visible, the same situation can be seen in many pairs with the dollar. Stock markets reacted positively as well, because it is estimated that about 40% of this money will end up on the stock market. Moreover, a new package of measures is being prepared to modernize the industrial sector, which also attracted investors to the U.S. dollar. In general, there is nowhere else to fall.
The exchange rate of the ruble against the U.S. dollar is looking for its new trend. Now the moving averages with a period of 50 and 200 are moving synchronously and horizontally with the price, not forming a specific signal to buy or sell the pair. Fundamentally, the ruble rate is also supported by quite high interest rates of the Central Bank, which will not decrease any more. But, on the other hand, the dollar is also strengthening on all fronts. As a result, we are waiting for a strong reason, which could form a new trend for the USDRUB.
Gazprom shares approached the significant level of 229 rubles, which they failed to overcome at the beginning of the year. If this time, against the background of favorable external circumstances, the quotations manage to consolidate above this level, then the growth to 235 and higher will follow, according to the market experts.
The last time it was this high was almost a year ago, on February 20, 2020. At that time this mark was strong and now it becomes a landmark resistance. A price fixing above 60$ would open the way to 65.5$ and further to 68$. The OPEC+ deal is bearing tangible fruit, but don't forget about shale oil, whose production companies are able to move in quickly if prices are favorable. In any case, money-inflated markets are showing upward trends, but 2021 does not promise to be a quiet year.
Today, Tatneft shares, both preferred and common, are in the spotlight. All thanks to the forecast of fantastic double-digit proprietary prefs of the company. It is expected 12% yields in the next 12 months. The main shareholder of the company - the Republic of Tatarstan - is particularly interested in high dividends, so it plans to pay them as much as possible. In addition, such forecasts are sure to attract private investors to the papers, which will raise the share price. Already now, Tatneft's ordinary shares are forecast to rise to 650 rubles from the current levels.
The Brent oil price continues to correct after an impressive rise on the back of the extension of the OPEC+ deal until the end of February. Given the current global lockdown, oil prices above 50$ is a miracle at all, and 57$ is a Christmas present, so profit taking is quite logical. In the current situation, we expect the quotes will gradually fall on expectations of spring production build-up to the 48-50$ area, if there is no sudden important news.
Amazon would not mind buying Cyprus. This is what Saxo Bank has shared with the world in its forecasts for 2021. The news has not yet had any effect on Amazon's stock price - the sideways channel of the stock is in full swing. But if the situation comes to real action, it will be an interesting investment idea!
Pound/Dollar exchange rate online The exchange rate of the British pound to the dollar opened Monday with a gap down. The reason is in addition to the unresolved Brexit issues, a new strain of coronavirus that was found in the country. Of course, this is a negative signal not only for the GBP, but also for the global economy, but so far the strongest reaction is GBPUSD quotes. Some Asian countries are already saying that they are planning to close all the airports for planes from the EU and the UK, which will have new consequences for the oil market. We assume that the pound will continue to decline till the New Year, unless there is positive news on Brexit. The dynamics...
Chart and dynamics of Sistema News: Sistema announced that it is extending until December 31, 2021 the buyback or share buyback program for up to 3 billion rubles. Recall that this implies the procedure, the reverse placement of securities, which usually leads to an increase in the price of shares of the buying out company. Possibly, this news will allow to stop the downward correction of the last weeks on the shares of Sistema. More forecasts and news on the Fortrader channel in Telegram Market forecasts, analytics and stock news
The euro/dollar exchange rate online The euro/dollar exchange rate continues to rise actively, having added 14% since spring. Since 2008 we haven't seen the 1.2 rate for EURUSD for a long time, but let me remind you that the Euro was even more expensive, at 1.4, and this means that the current growth is not the limit. The ECB representatives are not averse to it thinking that the rate is justified against the background of the dollar weakness, which means that the bulls are good enough at 1.25. The only thing left is to consolidate above the resistance at 1.22 and go ahead. More forecasts and news on the Telegram channel of Fortrader Market forecasts, analytics and stock news
Kiwi shares today Kiwi shares are last week's outsiders. After the imposition of fines and restrictive measures in relation to payments in favor of foreign companies, the securities lost more than 20% prices at once, returning to the March lows. This is not the first such situation for the Bank, so investors reacted quickly and harshly. As a result, Qiwi shares lost almost half of their value during the fall and winter of 2020, and in general, the decline may well continue, despite strong support around 800 rubles. Some experts say that now is the right time to "catch the falling axe", i.e. to pick up shares at such a low price, appealing to a very good reporting. Here everyone has to make his or her own choice,...
GBPUSD Despite an active rise in the dollar last week, GBPUSD quotes remain in an uptrend. There is no agreement between the EU and London yet; there are 2 weeks left until the end of the negotiations. Experts say that the easing from the UK is felt and hope for the best, but until there is no concrete agreement, things may end up differently. The trade agreement and its equality is a stumbling block for the parties, so far everyone is standing their ground, but discussions are very active. Technically there is no breakdown of the GBPUSD uptrend channel, but judging by such activity of the bears, any negative hint will create a sharp downward movement. More forecasts and news on...
Moderna chart and dynamics Moderna share price continues to grow at a huge pace, having added more than 70% in 4 sessions. The reason for this is the comment from the company about the application for the Covid-19 vaccine in the US and EU. In doing so, Moderna says its vaccine is highly effective: 94% on average, and 100% from severe disease. In the U.S., the application will be considered tentatively on December 17. If at least one country accepts the Moderna vaccine, the stock will soar to 200$ and higher very quickly. More forecasts and news on the Fortrader channel in Telegram Market forecasts, analysis and stock news
Brent oil quotes online The oil price is correcting after renewing its highs at 49$. OPEC countries are now actively discussing the extension of the OPEC+ agreement for the next 3-4 months with a possible production increase next year, but the Arab Emirates and Kazakhstan do not support the extension decision yet. The situation is tense, but not like in March, according to representatives of Russia. The nearest support level for Brent is at 46.5$. That's where the market will head if the OPEC doesn't find a compromise quickly. More forecasts and news on Fortrader channel in Telegram Market forecasts, analytics and stock market news
Gold Quotes Online The gold price continues to decline from the highs of 2000$ per ounce, forming a downward channel. Technically gold quotes still have the potential to fall, especially if the 1800$ level is broken down. There is a strong EMA support (200), which risks to become a resistance. The good news about the covid-19 vaccine is the sponsor of this active movement of the last few trading sessions. Nevertheless, the economic situation in the world is such that a rise in gold is almost inevitable. Therefore, such declines are a great way to buy gold on a correction. More forecasts and news on the Fortrader channel in Telegram Market forecasts, analytics and stock news
Mail Group (Mail.ru) shares After a significant (over 8%) decline in Mail.ru shares on the background of the news that the agreement with Sberbank failed, the GDR quotations went up again. VTB Capital reports that this cooperation between the companies is quite stable and no "divorce" is discussed. It is difficult to say what it was. But it is obvious that some kind of agreement did emerge and there is reason to expect growth in Mail.ru shares. The nearest target is 2335 rubles - the upper border of the side channel. More forecasts and news on the Forecaster channel in Telegram Market forecasts, analytics and stock news
Brent Oil Quotes Online The price of oil failed to consolidate above resistance at 43$ and headed to 46.73$. Despite the OPEC countries being quite conscientious in implementing the production reduction deal and the increasing chances of a covid-19 vaccine coming soon, the European agencies IEA and OPEC continue to be pessimistic about oil demand growth in the near term, lowering their forecasts more and more. The second wave of the pandemic is sweeping the world, the restrictions are getting stricter, which means that oil has no reason to grow, on the contrary, additional volume cuts may be needed. We should also not forget that we are waiting for...
Bitcoin Price Online The price of bitcoin continues its active rise, which began in March 2020 at 3750$. The cryptocurrency is now worth 16340$, which has not been the case since the 2018 peaks. Having broken through strong resistance around 13862$, bitcoin has rallied further and continues to move away from the EMA(50) moving average, indicating the strength of the uptrend. Sponsoring this enthusiasm for cryptocurrency bulls is online payments company PayPal, which has announced the introduction of bitcoin into its systems for U.S. residents. The services continue to grow aggressively, which keeps interest in the virtual coin alive. Experts say bitcoin will be at 20,000$. A month ago, these predictions seemed like a joke, but now they look...
Brent crude oil quotes online The price of oil continues to remain in a sideways movement with a downward correction. There are quite a few factors contributing to this, including reduced consumption due to lockdowns and border closures. China's oil imports statistics are putting pressure on oil prices today. China has reduced oil imports more than it says, experts say, while the reduction continues. Domestic consumption is falling, and the largest importer has limited its purchases of fuel. So, in October China received 10.02 million barrels per day, which is lower than in September (11.8 million bpd). And also for the first time in 5 months the volumes fell below 11 million bpd. Obviously, the more relaxed measures in...
Gazprom's stock price online today Gazprom shares continue to correct in a downward channel amid news of an appeal against a fine from the Polish regulator and the need to terminate contracts to finance Nord Stream 2. Investors believe in the company's strength and therefore return to buying. Technically, after breaking through 167 rubles, the stock could rise to 172 and then to 178 within a couple of weeks. The scenario can be cancelled by a pullback to the support of 154 rubles. More forecasts and news on the Fortrader channel in Telegram Market forecasts, analytics and stock news