|
"Money can't buy you happinness, but it does bring you a more pleasant form of misery." - Spike Milligan
FOREX MARKET
The USD lost ground against the EUR as the market looks locked on Tuesday's FOMC rate decision which is
believed to be a 0.25% hike, but the debate is whether or not the Fed will change the language of the FOMC
statement this week. The EURUSD bears were rejected in the 1.1700 area all last week, which is now the
new support for this pair. So a more neutral stand from the Fed would likely lead to a break of 1.1900 in
EURUSD. Around noon, the pair was quoted at 1.1880-1.1890 and we believe there is still room for further
appreciation of the euro vs. the dollar.
The RON ended the week stronger, as the market closed at 3.6290 on Friday, due to the high inflows which
are characteristic for this period of the year. Today, the domestic forex market opened at 3.6300 and
gradually the EUR/RON rate climbed until 3.6400, by noon. Dealers believe that the RON will appreciate
until 3.6000 until Christmas, as the hard currency inflows, coming from Romanians working abroad, will
continue to increase.
MONEY MARKET
The overnight interest rates fell sharply on Friday afternoon until 3-5% levels, when the market realized that
the NBR wont organize a depo auction. The rates went even lower on Monday dropping until 2-4% levels,
as the NBR didn't sterilize back the amounts which reached maturity at the beginning of December.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Date(%) |
Annualized |
|
|
EUR/RON |
3.6377 |
-0.0123 |
-8.28% |
-8.72% |
|
USD/RON |
3.0855 |
-0.0160 |
6.70% |
7.08% |
|
GBP/RON |
5.4004 |
-0.0074 |
-3.75% |
-3.95% |
|
CHF/RON |
2 3636 |
-0.0086 |
-8.04% |
-8.46% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
5.75% |
5.59% |
5.03% |
5.00% |
|
BUBOR |
7.44% |
7.51% |
7.41% |
7.31% |
|
LIBOR (EUR) |
2.33% |
2.40% |
2.57% |
2.74% |
|
LIBOR (USD) |
4.17% |
4.36% |
4.64% |
4.81% |
| Romanian Equites | ||
|
Last |
Daily (%) |
|
|
BET |
6,848.24 |
-0.82% |
|
BET-C |
4,062.32 |
-0.66% |
|
BET-FI |
46,033.25 |
-0.08% |
|
RASDAQC |
1,760.67 |
-0.26% |
|
Romanian Bonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
117.71 |
0.07% |
3.21 |
|
02-Jul-10 |
5.75% |
108.98 |
-0.25% |
3.56 |
|
06-May-12 |
6.50% |
126.46 |
-0.23% |
3.76 |
|
22-Jun-15 |
4.125% |
99.85 |
0.12% |
3.80 |
|
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 |
0.28% |
1,143.22 |
1,268.25 |
|
DJI |
0.00 |
0.00% |
0.00 |
0.00 |
|
NASDAQ |
2,256.73 |
0.46% |
2,063.81 |
2,273.37 |
|
XETRADAX |
5,320.11 |
1.06% |
5,081.46 |
5,307.99 |
|
NIKKEI 225 |
15,738.70 |
2.17% |
10,825.39 |
15,551.31 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1827 |
0.34% |
|
GBP/USD |
1.7599 |
0.66% |
|
USD/CHF |
1.2997 |
-0.28% |
|
USD/SEK |
7.9534 |
-0.49% |
|
USD/JPY |
120.80 |
0.19% |
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1760 |
Res. 1 |
1.1900 |
|
Sup. 2 |
1.1700 |
Res. 2 |
1.1920 |
|
Sup. 3 |
1.1640 |
Res. 3 |
1.1950 |
|
Sup. 4 |
1.1600 |
Res. 4 |
1.2000 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
539.5 |
3.40% |
|
SILVER |
9.15 |
2.35% |
|
OIL (BRENT) |
56.22 |
1.90% |
|
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.