... dip following the July Central Bank decision, stabilized around 80 ₽ per $1. The key rate cut by 200 bps only moderately reduced the attractiveness of ruble assets – outflows of speculative capital were small, as this step was expected and already priced in. The sale of export currency earnings and selective interventions by the regulator smooth out fluctuations, providing relative stability for the ruble even with a shrinking interest rate differential. Volatility in the Russian currency market has significantly decreased compared to the beginning of the year. The macroeconomic ...

... data and the Fed's rhetoric will dictate market sentiments: confirmation of decelerating inflation and a soft tone from the regulator could support a rally in risk assets, while any “hawkish” surprises or disappointing economic events could increase ... ... number of large companies will release their earnings reports. Let's examine their forecasts and potential impacts on share prices: Vertiv (VRT) – a global provider of power supply and cooling solutions for data centers. The company has emerged as ...

... clear signals of future changes. The oil market remains relatively stable due to coordination among producers, although it remains sensitive to economic risks. The European gas market approaches winter with record reserves, alleviating concerns of sharp price surges. In Russia, heightened state regulation of the fuel market is underway — likely, such "manual control" measures will become the norm in the near future to prevent crises. Meanwhile, the global energy transition continues: renewable energy is achieving record growth, while ...

... balance must be maintained. The market's reaction was subdued: the pound fluctuated in a narrow range, as Bailey did not say anything radically new. The British stock market (FTSE) reacted neutrally, as the tightening policy is already reflected in prices. Nonetheless, investors will keep a close eye on upcoming inflation and labor market data in the UK: Bailey’s words confirmed that these metrics will dictate the regulator's future steps. US: Jerome Powell's Speech and Richmond Fed Industrial Index The American macroeconomic agenda is concentrated in the afternoon according to Moscow time. At 15:30 MSK, Fed Chair Jerome Powell spoke at a conference in Washington....

... September quarterly expiration, which traditionally has an even larger scale of open interest. Long-term market participants note that the impact of one-time expirations is short-lived. Fundamental drivers — such as macroeconomic policy, cryptocurrency regulation, and the pace of institutional adoption — continue to dictate the overall price trend. However, the increased volumes of derivatives indicate the maturation of the cryptocurrency market. Options and futures are transforming from niche instruments into a significant pricing factor. Consequently, savvy investors must pay attention ...