On the presented chart we have prepared, you can see correlations of Ruble currency with Telecoms, Steel producing, Concrete producing, Land transport and Medicine. As you can see Ruble is building a solid ground to become a back end for the developing world destroyed by conflicts and fist fights. ATR is going down and from the june it shows backward correlation with Ruble. This is good because this means Ruble can rise without volatility. Telecommunications prices are falling after this event. Steel producing showing strange pattern and can be a risk for the Ruble. Concrete producing and transportation developing a good foundation. Transportation industry is still and strong. And medicine industry showing weakness but we see rise in pharmaceuticals profits so we hope this will drag whole venture up.
Comment
⋅
Remember i am not your financial advisor. You are at your own risk. This is not an investment advice.
So would you see the rouble appreciating significantly in 2024?
UnknownUnicorn462803
⋅
@yividus, Well, answering your question seriously, it's simply politics against finance, trading and commerce. Politics are bad investors, do not steal they hate competition.