Botten ur för den ryska ekonomin. - Klarar inte längre att betala räntorna.

Russian Ruble shows a stage 4 breakdown; this is the technical evidence that there is more to the Russian Economic story. Specifically, stage analysis shows inflation and a general decline in confidence in Russia's medium of exchange. It shows more than that; even though there is news in Moscow, we have yet to learn about it. Technicals, by definition, are forward-looking at signals. If the Russian Ruble continues to decline, the population will be unable to pay their bills. Inflation and hyperinflation affect daily life, and people pay for their lives at a basic level. Inflation, evidenced by the Ruble's decline, will cause tension that could reformat Czarist Russia today regarding a change from the Boyars or the Serfs. Let's watch and see the effect of the Ruble's decline on Russia's Geopolitical stability. Let's hope this will make the world a better place.

The ruble against the yuan on the Moscow Exchange weakened by 2% at the close of trading, to 14.67 rubles, reaching a new low since March 2022 with the following resistance of 14.70 rubles. The official exchange rates of the dollar and euro of the Central Bank of the Russian Federation amounted to 105.06 rubles and 110.49 rubles, respectively (against 103.79 rubles and 108.87 rubles a day earlier), reflecting another round of noticeable weakening of the ruble. On Forex, the dollar and the euro rose above 107 rubles and 113 rubles, respectively.

At the beginning of the trading day, the Russian stock market is unlikely to find reasons to return to a steady increase, remaining at the mercy of a negative geopolitical background and a possible escalation of the conflict at any moment, which also pushes the ruble to multi-month lows. At the same time, the Russian authorities at the moment do not express concern about the devaluation, emphasizing only its advantages for exporters, which indicates the risks of new lows of the ruble, which, however, may be helped by the tax period at the end of the month.