FX forecast for June 18

[EUR/USD] Investors are still undecided what to do with the EUR/USD parity, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. According to him, this pair has got under the influence of the U.S. capital market and the oil market. “If we superimpose the euro/dollar graphics on the oil price graphics we’ll see how they amazingly match”, says Mihalache, adding that at a price of $74 a barrel, oil is now overestimated. The euro is currently trading around $1.3940, and in the course of the day it is expected to trade between $1.3870 and $1.3980. One of the technical indicators that proved efficient in this period, the Bollinger line, is now crossing the $1.3870 mark, and if exceeded, the bears could try again the $1.3780 mark. An event that is going to influence today the future moves of the EUR/USD pair will be the release – at 13:30 GMT – of the claims for unemployment benefits in the U.S. [EUR/MDL] The euro will trade today at Moldovan currency exchange facilities at 15.40 – 15.45 lei (bid) and 15.55 – 15.60 (ask). [USD/MDL] A deficit of physical lei was felt on the domestic market, while the demand for the dollar was quite low. Today the American dollar will trade at 11.10 – 11.13 lei (bid) and 11.18 – 11.20 lei (ask). For further details visit www.fb.md