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""A wise man among the ignorant is as a beautiful girl in the company of blind men." Saadi
FOREX MARKET
On Monday, the EUR/USD has been traded higher at 1.2110 in Asian session, however it fell substantially
lower towards 1.2030-1.2060 zone in the European one. This week the market will look to see if the latest
strong European data can continue to support the latest EUR strength. We need to see a close above 1.2210 to
support the bullish bias and give scope for a test of 1.2320, otherwise the pair is back in a very large range
with no apparent direction, which could leave the EURUSD very quiet in the weeks to come. On the downside
1.1980 is support then to 1.1950, which needs to stay intact if more upside is to come this week.
Lately, the Romanian currency reduced its ranging area within 100 pips, as the market widened and it takes
substantial volumes to move the exchange rate visibly. On Friday, the EUR/USD has been traded within
3.5100-3.5230 levels, while the traded volumes were rather large. On April 3rd, the opening bids stood at
3.5200, but soon the market moved back in the 3.5150 equilibrium zone specific for the last trading days.
MONEY MARKET
On Monday, the overnight interest rates remained flat as compared to the previous week in the 8-9% zone.
Therefore we expect a rather modest offer coming from the commercial banks at the 1M depo auction held by
NBR today, as the RON excess diminished lately on the Romanian money market.
Starting March 23rd, Finansbank has hiked again its interest rates, offering for several maturities the best
yields in the market both for RON and EUR deposits.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5210 |
-0.0048 |
-4.60% |
-3.68% |
|
USD/RON |
2.9079 |
-0.0124 |
-6.68% |
-5.36% |
|
GBP/RON |
5.0506 |
-0.0269 |
-5.78% |
-4.64% |
|
CHF/RON |
2.2296 |
-0.0081 |
-5.23% |
-4.19% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.43% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.58% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.64% |
2.64% |
2.98% |
3.23% |
|
LIBOR (USD) |
4.90% |
4.82% |
5.14% |
5.28% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,536.53 |
0.28% |
|
BET-C |
4,476.05 |
0.28% |
|
BET-FI |
46,581.99 |
1.54% |
|
RASDAQC |
1,716.64 |
0.16% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
114.22 |
-0.09% |
3.82 |
|
02-Jul-10 |
5.75% |
106.51 |
-0.11% |
4.04 |
|
06-May-12 |
6.50% |
123.01 |
-0.18% |
4.14 |
|
22-Jun-15 |
4.125% |
96.31 |
-0.20% |
4.62 |
|
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 |
1,294.83 |
-0.42% |
1,176.84 |
1,307.25 |
|
DJI |
11,109.32 |
-0.37% |
11,150.70 |
11,317.43 |
|
NASDAQ |
2,339.79 |
-0.04% |
2,249.72 |
2,337.78 |
|
XETRADAX |
5,970.08 |
-0.24% |
5,732.22 |
5,984.19 |
|
NIKKEI 225 |
17,333.31 |
1.60% |
12,273.12 |
17,059.66 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2047 |
-0.70% |
|
GBP/USD |
1.7285 |
-0.71% |
|
USD/CHF |
1.3125 |
0.88% |
|
USD/SEK |
7.8310 |
1.13% |
|
USD/JPY |
118.62 |
0.99% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2030 |
Res. 1 |
1.2140 |
|
Sup. 2 |
1.1980 |
Res. 2 |
1.2190 |
|
Sup. 3 |
1.1950 |
Res. 3 |
1.2220 |
|
Sup. 4 |
1.1860 |
Res. 4 |
1.2320 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
584.65 |
-0.40% |
|
SILVER |
11.63 |
-1.61% |
|
OIL (BRENT) |
66.3 |
0.17% |
|
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% |
3.25% |
3.75% |
4.25% |
4.50% |
4.50% |
EUR 1,000 |
|
RON |
2.00% |
6.5% |
7.5% |
7.5% |
7.75% |
8.00% |
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.