|
"Catch a man a fish, and you can sell it to him. Teach a man to fish, and you will ruin a wonderful business opportunity" -
Karl Marx
FOREX MARKET
The greenback enforced on Monday until 1.1990 area, suggesting there is still room for further appreciation in
the short run. Today, the dollar continued its rally against the EURO pushing stronger towards 1.1900 support
area, as it seems that the market is pricing in further rate hikes from Fed beyond 5.00% in the coming months.
We remain prudent for the moment as we are waiting for the next risk events to take place, before we give an
extended forecast.
extended forecast.
The European currency did not extended its gains vs. the RON on March 6th, as the 3.4800 resistance held on,
however we could notice some consolidation, as the pair reduced its rangebound area to 50 pips. The symbolic
draining of the NBR on Monday put pressure on the RON and the pair climbed until 3.4850 level around
noon, on March 7th. We see the pair heading towards 3.4900 zone by the end of the trading. This move was
far more convenient than intervening in the forex market to soften the sharp rise of the domestic currency. It
seems that the National Bank wants to concentrate the RON excess in the 3M CD auction to be held on March
9th.
MONEY MARKET
The ON interest rates remained in the 7-9% area on the interbank market, although the domestic currency
excess is high for the moment. Maybe, the players are considering seriously to place their RON surplus in the
3M CDs the more so as the analysts expect that the monetary policy rate will stay flat until June.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4803 |
-0.0004 |
-5.70% |
-4.85% |
|
USD/RON |
2.8917 |
-0.0043 |
-7.20% |
-6.13% |
|
GBP/RON |
5.0752 |
-0.0043 |
-5.32% |
-4.53% |
|
CHF/RON |
2.2303 |
0.0032 |
-5.23% |
-4.45% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.32% |
7.19% |
6.74% |
6.48% |
|
BUBOR |
8.61% |
8.59% |
8.63% |
8.48% |
|
LIBOR (EUR) |
2.32% |
2.63% |
2.82% |
3.04% |
|
LIBOR (USD) |
4.54% |
4.69% |
5.01% |
5.17% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,927.75 |
-0.34% |
|
BET-C |
4,696.74 |
-0.21% |
|
BET-FI |
48,640.91 |
-1.97% |
|
RASDAQC |
1,726.51 |
-0.58% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
115.26 |
0.03% |
3.57 |
|
02-Jul-10 |
5.75% |
107.63 |
0.11% |
3.79 |
|
06-May-12 |
6.50% |
124.91 |
0.06% |
3.87 |
|
22-Jun-15 |
4.125% |
97.46 |
-0.29% |
4.46 |
|
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% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
Year High |
|
|
S&P500 |
1,278.26 |
-0.70% |
1,176.84 |
1,294.18 |
|
DJI |
10,958.59 |
-0.57% |
10,993.41 |
11,137.17 |
|
NASDAQ |
2,286.03 |
-0.72% |
2,239.81 |
2,314.64 |
|
XETRADAX |
5,709.80 |
-1.49% |
5,649.60 |
5,915.15 |
|
NIKKEI 225 |
15,726.02 |
-1.10% |
11,695.05 |
16,747.76 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1951 |
-0.92% |
|
GBP/USD |
1.7438 |
-0.90% |
|
USD/CHF |
1.3041 |
0.84% |
|
USD/SEK |
7.8993 |
1.03% |
|
USD/JPY |
117.75 |
0.80% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1890 |
Res. 1 |
1.2020 |
|
Sup. 2 |
1.1830 |
Res. 2 |
1.2080 |
|
Sup. 3 |
1.1720 |
Res. 3 |
1.2110 |
|
Sup. 4 |
1.1640 |
Res. 4 |
1.2180 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
556 |
-1.97% |
|
SILVER |
10.03 |
-1.67% |
|
OIL (BRENT) |
60.5 |
-2.62% |
|
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.