FX forecast for June 16
https://www.ipn.md/index.php/en/fx-forecast-for-june-16-7966_976115.html
Today focus will be mainly on the first formal BRIC summit, due to start in Yekaterinburg, and in particular on the theses of the finance chiefs of the participating countries – Brazil, Russia, India and China. Most likely they will address the issue of diversifying their asset reserves and the possibility of buying IMF bonds, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo.
Other events that may move markets today will be the release – at 9:00 GMT – of the German ZEW Economic Sentiment indicator and the release of a report on the US real estate market, at 12:30 GMT.
[EUR/USD] Fundamentals show an attack on the support level at $1.3740 may recur today as it happened last night.
[EUR/MDL:] The euro will trade today at the Moldovan currency exchange facilities at 15.30 – 15.35 lei (bid) and 15.47 – 15.55 lei (ask).
[USD/MDL:] 11.10 – 11.12 (bid) and 11.17 – 11.20 (ask).
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