|
"When I was young, people called me a gambler. As the scale of my operations increased I became known as
a speculator. Now I am called a banker. But I have been doing the same thing all the time." - Sir Ernest Cassel
FOREX MARKET
EuroZone Industrial Production for November was out at 1.3% vs. 1.0% expected. The US CPI for December
stood at -0.1% vs. +0.2% expected, while the CORE CPI was out at +0.2%. As the data were favorable for
both European and US economy, the EUR/USD remained still within recent ranges yesterday. On January
19th, the dollar seems to have regained some strength on the back of latest news, however it did not erode the
1.2050 support level. We still favor a break weaker in the USD in the coming days, although we admit that the
two weeks in a tight range have taken all momentum out of the market and it may be more prudent to wait for
a break of 1.2180 resistance before reacting, as the EUR/USD looks terribly indecisive.
On Wednesday, the EUR/RON stood still in the same area as the day before, as the traded volumes were thin,
so any substantial order could move the market. Lately, the National Bank did not make any sterilization
operation, flooding the market with RON surplus. Due to these circumstances, the Romanian currency
weakened in the last days, as the exchange rate climbed until 3.6500. Today, the market opened at 3.6430,
then the quotes moved a bit higher to 3.6500 area. However, as the NBR decided to drain some of the excess
on the market, the RON enforced slightly to 3.6400. We expect that the Romanian currency would move back
in 3.6300 area until the end of the week.
MONEY MARKET
As lately the NBR did not make any draining operation, the surplus in the market has pushed the ON interest
rates in the 0-2% area. The yields rose to 2.5-5.5% on Thursday, as soon as the NBR announced depo auction.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.6486 |
0.0009 |
-8.01% |
-7.63% |
|
USD/RON |
3.0110 |
-0.0001 |
3.59% |
3.41% |
|
GBP/RON |
5.3214 |
0.0130 |
-5.16% |
-4.91% |
|
CHF/RON |
2 3589 |
0.0052 |
-8.22% |
-7.83% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
0.92% |
4.69% |
4.81% |
4.78% |
|
BUBOR |
2.81% |
7.38% |
7.36% |
7.33% |
|
LIBOR (EUR) |
2.34% |
2.38% |
2.62% |
2.78% |
|
LIBOR (USD) |
4.30% |
4.49% |
4.72% |
4.80% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,554.14 |
-2.15% |
|
BET-C |
4,436.52 |
-2.06% |
|
BET-FI |
50,984.43 |
-3.43% |
|
RASDAQC |
1,738.02 |
-0.31% |
|
Romanian Bonds |
||||
|
Maturity |
Cudoii |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
116.60 |
-0.29% |
3.35 |
|
02-Jul-10 |
5.75% |
108.67 |
-0.32% |
3.59 |
|
06-May-12 |
6.50% |
126.10 |
-0.54% |
3.75 |
|
22-Jun-15 |
4.125% |
99.14 |
-0.52% |
4.23 |
|
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 |
1,277.93 |
-0.39% |
1,176.84 |
1,294.18 |
|
DJI |
10,854.86 |
-0.38% |
10,896.32 |
11,043.44 |
|
NASDAQ |
2,279.64 |
-1.00% |
2,205.32 |
2,331.36 |
|
XETRADAX |
5,432.30 |
-0.51% |
5,419.05 |
5,542.13 |
|
NIKKEI 225 |
15,696.28 |
2.31% |
11,160.88 |
16,454.95 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2091 |
0.06% |
|
GBP/USD |
1.7561 |
-0.36% |
|
USD/CHF |
1.2829 |
0.08% |
|
USD/SEK |
7.7124 |
0.07% |
|
USD/JPY |
115.25 |
-0.22% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2100 |
Res. 1 |
1.2180 |
|
Sup. 2 |
1.2030 |
Res. 2 |
1.2230 |
|
Sup. 3 |
1.2000 |
Res. 3 |
1.2270 |
|
Sup. 4 |
1.1970 |
Res. 4 |
1.2380 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
547.5 |
0.16% |
|
SILVER |
8.89 |
-0.34% |
|
OIL (BRENT) |
63.29 |
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.