|
"I never attempt to make money on the stock market. I buy on the assumption that they could close the
market the next day and not reopen it for five years." - Warren Buffett
FOREX MARKET
There will be a very busy week for the EUR/USD as there will be released a lot of important data for both
currencies. We shall have more clues regarding the future interest rate policy of Fed and European Central
Bank. EUR/USD took out the down side swing area at 1.1730/50 and now only has support at 1.1640. A test
of the lows is now expected and a break below that final support could continue the downside action towards
1.1500. This may be a tough week to navigate EUR/USD with all of the data risks ahead. The upside reversal
level comes in around 1.1780 now and first resistance is 1.1730.
The euro closed the week in force against the local currency, as the exchange rate tested the 3.6700 level, however it couldn't erode it. The NBR withdrew on Thursday 70% of the overall offer of the commercial
banks managing to reduce the liquidity of the domestic market. On Monday, the effects of the sterilization
operation are starting to be visible, as the Ron is enforcing on the forex market. Today, the trade opened at
3.6600 and by noon the pair was traded at 3.6500 level.
MONEY MARKET
The interest rates for the overnight deposits reached high levels on Monday, as they are traded for 6-8% per
year. During November, the NBR withdrew RON 10bln from the inter-bank market as it seems determined to
increase the yields.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.6578 |
0.0054 |
-7.78% |
-8.52% |
|
USD/RON |
3.1104 |
0.0165 |
6.44% |
7.10% |
|
GBP/RON |
5.3504 |
0.0067 |
-4.64% |
-5.09% |
|
CHF/RON |
2 3642 |
0.0093 |
-8.02% |
-8.78% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
2.75% |
3.86% |
3.76% |
3.81% |
|
BUBOR |
5.11% |
7.36% |
7.25% |
7.13% |
|
LIBOR (EUR) |
2.12% |
2.32% |
2.56% |
2.71% |
|
LIBOR (USD) |
4.04% |
4.21% |
4.57% |
4.73% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
6,662.31 |
0.64% |
|
BET-C |
3,965.99 |
0.68% |
|
BET-FI |
44,904.21 |
3.81% |
|
RASDAQC |
1,762.18 |
-0.28% |
|
Romanian Bonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
117.90 |
-0.14% |
3.23 |
|
02-Jul-10 |
5.75% |
109.18 |
-0.09% |
3.53 |
|
06-May-12 |
6.50% |
126.90 |
0.24% |
3.71 |
|
22-Jun-15 |
4.125% |
99.56 |
1.81% |
3.91 |
|
Romanian State Government Bonds and T-Bills |
||||
|
Latest issues |
Auction Date |
Issue Date |
Maturity Date |
Avg. Yield |
|
RO0510DBNI36 |
08 August 2005 |
10 August 2005 |
10 August 2010 |
7.48% |
|
RO0515DBN143 |
15 August 2005 |
17 August 2005 |
17 August 2015 |
7.49% |
|
RO0508DBN155 |
15 September 2005 |
19 September 2005 |
19 September 2008 |
7.60% |
|
RO0505CTN031 |
20 September 2005 |
22 September 2005 |
22 December 2005 |
5.33% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
Year High |
|
|
S&P500 |
1,151.74 |
0.21% |
1,137.50 |
1,265.61 |
|
DJI |
10,931.62 |
0.14% |
10,674.76 |
10,916.09 |
|
NASDAQ |
2,263.01 |
0.13% |
2,037.47 |
2,259.98 |
|
XETRADAX |
5,194.27 |
0.12% |
2,090.75 |
5,196.08 |
|
NIKKEI 225 |
14,986.94 |
1.37% |
10,825.39 |
14,784.29 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1689 |
-0.51% |
|
GBP/USD |
1.7078 |
-0.66% |
|
USD/CHF |
1.3226 |
0.27% |
|
USD/SEK |
8.1047 |
0.33% |
|
USD/JPY |
119.86 |
0.55% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1680 |
Res. 1 |
1.1730 |
|
Sup. 2 |
1.1640 |
Res. 2 |
1.1820 |
|
Sup. 3 |
1.1600 |
Res. 3 |
1.1870 |
|
Sup. 4 |
1.1500 |
Res. 4 |
1.1920 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
498.3 |
0.67% |
|
SILVER |
8.24 |
0.86% |
|
OIL (BRENT) |
52.14 |
-0.40% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
3.00% |
3.50% |
4.25% |
4.25% |
4.50% |
USD 1,000 |
|
EUR |
0.50% |
3.00% |
3.50% |
4.00% |
4.25% |
4.25% |
EUR 1,000 |
|
RON |
0.50% |
4.0% |
4.5% |
5.0% |
5.0% |
5.50% |
RON 2,000 |
Released by FINANSBANK Romania S.A., Splaiul Unirii no.12, Bl. B6 040034, Bucharest. For further information please contact Melania Hancila Treasury & Capital Markets Division, Phone 301 73 42, Fax 318 09 61.
Disclaimer: This report does not represent an investment advice and should not be construed as a recommendation to invest in any kind of investment vehicle. The information in the report is based on sources available to the public and believed to be reliable, and there is no claim that is accurate or complete. Thereafter this information can be changed without notice.
Publicat de FINANSBANK Romania S.A., Splaiul Unirii nr.12, Bl. B6 040034, Bucuresti. Pentru mai multe informatii si intrebari, va rugam contactati Departamentul Trezorerie si Piete de capital - Melania Hancila, Telefon: 301 73 42, Fax: 318 09 61.
Acest buletin are scop informativ si nu reprezinta un sfat sau recomandare de a investi in nici un tip de instrument. Informatiile care stau la baza acestui raport zilnic au o sursa publica, considerata sigura insa, nu sustinem ca este completa. Astfel ca informatiile publicate mai sus se pot schimba fara un anunt prealabil.