FX forecast for Apr. 15
All the macroeconomic indicators released yesterday in the United States showed a fair growth of the American economy, which could mean that starting from the second quarter the US will have new jobs, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo.
Today is also a day full of such publications, most important being data concerning unemployment and capital flows.
[USD/MDL:] “In accordance with our earlier predictions, yesterday the dollar continued appreciating against the dollar and reached the 12,58 lei mark. Unfortunately, we don't have the possibility to gauge the impact of the psychological factor, which is traditionally very weighty on the domestic currency market. If people start panicking, it is likely that the USD/MDL pair will rise above the predicted level of 12,55/60 lei, but anyway after things calm down the pair will eventually consolidate around 12.55/60 lei.
The currency exchange facilities today will buy dollars at 12.50 – 12.53 lei and will sell them at 12.60 – 12.63 lei.
[EUR/USD:] The aid provided to Greece lessened its liquidity risks in the short run, but certain other risks remain in the long run.
The profitability of the Greek bonds could prove fatal for the euro, so even if the European currency is now appreciating, the situation could soon reverse.
Resistance levels: $1.3690; $1.3725; $1.3830.
Support levels: $1.3585; $1.3540; $1.3500.
Recommendation to sell at $1.3690 with a take-profit at $1.3580
[EUR/MDL:] 17.00 – 17.05 lei (bid); around 17.20 lei (ask).
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