... analysis of the current situation and forecasts for the future development of the oil industry. At the turn of July and August, geopolitics once again took center stage in the oil market. The political crisis in Venezuela coincided with another round of ... ... completely absorbed the "post-COVID" recovery in demand, which is why the dynamics of final consumption are increasingly influenced by long-term factors – a slowdown in demand in land transport due to the spread of electric vehicles, a surge in ...

... balance of supply and demand. Even small allocations of BTC as part of reserve policies can have a strong price impact due to limited issuance and low supply elasticity. Investment Rationale: BTC as a factor for reserve diversification and a tool for geopolitical autonomy. Mechanics of Influence: Long-term "holding" portfolios reduce circulating supply on exchanges. Signaling Effect: Official purchases enhance institutional investors' confidence in the asset class. What to Monitor: Public statements from regulators and changes ...

... other currencies, which leads to a decrease in its demand and, accordingly, its value. In addition, investor expectations were influenced by US economic policy and the outlook for inflation. Investors assume that in the context of increased inflation and ... ... remains a key safe haven asset, and its price can quickly recover when the economic situation changes. In the context of possible geopolitical instability or economic uncertainty, gold may again become attractive to investors, including central banks. For ...

... whether the company will meet the high profitability expectations. Microsoft (MSFT) – another mega-cap entity whose results influence the entire S&P 500 index. Microsoft is important for several reasons: it reflects trends in corporate IT spending (through ... ... optimistic. Despite numerous sources of uncertainty (the concluding Fed meeting, a packed corporate earnings report calendar, geopolitical risks), the US stock market displays notable resilience. Indices have approached historical highs, and the VIX volatility ...

... Additionally, the ISM index for the U.S. services sector (17:00 MSK) will provide an assessment of business activity in the largest sector of the American economy. Ruble Exchange Rate and Currency Market Dynamics The Russian ruble enters August under the influence of mixed factors. The conclusion of the tax period at the end of July has weakened support for the national currency, and last week the exchange rate fell to around ~80 rub/$ amid balancing between high export revenues and geopolitical risks. On Tuesday, market participants anticipate decisions from the Ministry of Finance and the Central Bank of Russia regarding currency operations volumes under the budget rule for August. If the regulator resumes significant foreign currency ...