|
"If money was meant to be held on to, they would have made it with handles." - old poker saying
FOREX MARKET
The European currency rallied as high as 1.2140 on Wednesday as the players on the international market are
pricing in a halt in the hiking policy of the Federal Reserve starting March. The pair retraced in Asia after
euros recent gains, but we expect the downside to be limited to a test of 1.2050. We keep the resistance level
at 1.2200 as it hasnt been broken yet. We favour that the EUR would soar until 1.2500 in the coming days.
The EUR/RON remained in the rangebound area, as it went up and downwards between 3.6700-3.6800 levels
during Wednesdays trading session. However, we could notice a slight depreciation of the domestic currency
during yesterdays trade as the players seem to be more interested in purchasing the euro. At the opening, the
EUR/RON was quoted at 3.6740 and towards noon the pair climbed until 3.6850 level. For the rest of the
trade, we see the euro weaker, as the RON will be sustained by the depo auction organized by the NBR.
MONEY MARKET
On January 5th, the overnight interest rates decreased slightly to 4-6% on the domestic inter-bank market. As
soon as the NBR announced liquidity draining, the rates moved higher by one percentage point.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.6767 |
0.0002 |
-7.30% |
-7.21% |
|
USD/RON |
3.0482 |
-0.0448 |
6.41% |
6.32% |
|
GBP/RON |
5.3499 |
-0.0008 |
-4.65% |
-4.59% |
|
CHF/RON |
2 3691 |
0.0027 |
-7.83% |
-7.73% |
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
4.19% |
5.31% |
4.66% |
4.63% |
|
BUBOR |
6.85% |
7.51% |
7.31% |
7.28% |
|
LIBOR (EUR) |
2.35% |
2.39% |
2.63% |
2.82% |
|
LIBOR (USD) |
4.31% |
4.40% |
4.68% |
4.79% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,045.83 |
3.36% |
|
BET-C |
4,140.21 |
3.05% |
|
BET-FI |
52,699.91 |
4.26% |
|
RASDAQC |
1,755.81 |
-0.16% |
|
Romanian Bonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
117.18 |
0.21% |
3.23 |
|
02-Jul-10 |
5.75% |
109.18 |
0.29% |
3.49 |
|
06-May-12 |
6.50% |
126.95 |
0.36% |
3.64 |
|
22-Jun-15 |
4.125% |
99.06 |
0.29% |
4.24 |
|
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 |
1,273.46 |
0.37% |
1,176.84 |
1,272.74 |
|
DJI |
10,880.15 |
0.30% |
10,717.50 |
10,889.44 |
|
NASDAQ |
2,263.46 |
0.88% |
2,186.74 |
2,273.37 |
|
XETRADAX |
5,523.62 |
1.15% |
5,286.76 |
5,460.68 |
|
NIKKEI 225 |
16,425.37 |
0.39% |
11,014.43 |
16,361.54 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2092 |
0.43% |
|
GBP/USD |
1.7543 |
0.37% |
|
USD/CHF |
1.2794 |
-0.75% |
|
USD/SEK |
7.7254 |
-0.59% |
|
USD/JPY |
115.81 |
-0.18% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2030 |
Res. 1 |
1.2140 |
|
Sup. 2 |
1.1970 |
Res. 2 |
1.2170 |
|
Sup. 3 |
1.1900 |
Res. 3 |
1.2200 |
|
Sup. 4 |
1.1800 |
Res. 4 |
1.2230 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
530 |
-0.49% |
|
SILVER |
8.98 |
-1.64% |
|
OIL (BRENT) |
61.56 |
-0.42% |
|
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.