|
"With enough inside information and a million dollars you can go broke in a year." - Warren Buffett
FOREX MARKET
The US FOMC minutes released on Tuesday were slightly hawkish, but not a big event. It was noted in FOMC
minutes that after the rate hike on January 31st, the monetary policy "seemed close to where it needed to be". Today,
we have the US CPI for January which is expected to advance by 0.5% m/m vs. -0.1% previously. The CPI numbers
might set the trend for the rest of the week in the EUR/USD exchange rate, as a higher inflation in US could lead to
further rate hikes. It seems that the 1.1870 support still holds on, while the resistance moves to 1.1930 area.
The Romanian currency continued to firm up in the busy trading session on February 21st, due to the substantial
sterilization of NBR. The EUR/RON eroded the 3.5000 level and touched the 3.4900 area. On Wednesday, the pair
moved downwards until the 3.4860 level, however soon it was prompted to 3.4980 by substantial buying orders
coming from importers. The sudden appreciation of the EUR could have been supported also by some speculators
who decided to close their positions, taking the profits made so far. We see the EUR/RON still in the 3.5000 area for
the rest of the week.
MONEY MARKET
The ON interest rates surged to 11-13% levels on February 22nd as the National Bank drained the surplus in the
interbank market. If the NBR continues to accept the all the bids coming from commercial banks, the rates might
move even higher.
Finansbank has raised the interest rates for the RON deposits by 1 percentage point on February 16th, offering one
of the most attractive yields on the Romanian money market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4954 |
-0.0088 |
-5.29% |
-4.64% |
|
USD/RON |
2.9332 |
-0.0008 |
-5.87% |
-5.14% |
|
GBP/RON |
5.1166 |
0.0014 |
-4.55% |
-3.99% |
|
CHF/RON |
2 2420 |
-0.0019 |
-5.23% |
-4.58% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.09% |
7.03% |
6.34% |
6.18% |
|
BUBOR |
8.63% |
8.51% |
8.44% |
8.25% |
|
LIBOR (EUR) |
2.35% |
2.49% |
2.72% |
2.88% |
|
LIBOR (USD) |
4.55% |
4.57% |
4.94% |
5.10% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,982.90 |
-2.07% |
|
BET-C |
4,703.20 |
-1.80% |
|
BET-FI |
50,192.65 |
-1.41% |
|
RASDAQC |
1,769.16 |
-0.26% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
115.80 |
-0.16% |
3.43 |
|
02-Jul-10 |
5.75% |
107.95 |
-0.21% |
3.72 |
|
06-May-12 |
6.50% |
125.38 |
-0.25% |
3.81 |
|
22-Jun-15 |
4.125% |
98.54 |
-0.16% |
4.31 |
|
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 |
1,283.04 |
-0.33% |
1,176.84 |
1,294.18 |
|
DJI |
11,069.06 |
-0.42% |
10,892.32 |
11,120.68 |
|
NASDAQ |
2,262.96 |
-0.85% |
2,239.81 |
2,331.36 |
|
XETRADAX |
5,801.04 |
0.12% |
5,649.60 |
5,795.48 |
|
NIKKEI 225 |
15,781.78 |
-0.71% |
11,565.99 |
16,747.76 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1909 |
-0.04% |
|
GBP/USD |
1.7447 |
0.11% |
|
USD/CHF |
1.3089 |
-0.07% |
|
USD/SEK |
7.8790 |
0.24% |
|
USD/JPY |
118.56 |
0.03% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1850 |
Res. 1 |
1.1930 |
|
Sup. 2 |
1.1800 |
Res. 2 |
1.1970 |
|
Sup. 3 |
1.1720 |
Res. 3 |
1.2020 |
|
Sup. 4 |
1.1640 |
Res. 4 |
1.2050 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
554.4 |
0.47% |
|
SILVER |
9.59 |
1.05% |
|
OIL (BRENT) |
58.39 |
-1.85% |
|
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 |
2.00% |
6.5% |
7.0% |
7.0% |
7.0% |
7.50% |
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.