|
"By learning to obey, you will know how to command." - Italian Proverb
FOREX MARKET
On April 12th, there was released the US trade balance for February which came out better than expected at USD -
65.7bln, due to a decrease of consumption. The data induced short term volatility as the EUR/USD dropped until
1.2064, but shortly the pair recovered back to the 1.2130 equilibrium zone. Today, the market watchers will be
looking at the US advanced retail sales for March which might give some strength to the dollar if the figure increased
above 0.4% consensus estimate. However, we expect that the pair will remain rangebound in the 1.2070-1.2170 area
during the Easter holiday, the more so as the western European markets will be closed on Friday and Monday.
The domestic currency appreciated further on Wednesday, as the pair reached to 3.4830 level, on back of high euro
selling interest coming both from corporate clients and individuals preparing for the holiday. Today, the domestic
currency intensified its Easter occasional rally. The local forex market started lower at 3.4850 vs. yesterday and
remained within the same zone until noon time. The RON seems like breaking soon the 3.4800 support zone, as the
hard currency remittances continue to flood the domestic market.
MONEY MARKET
The National Bank drained 76.8% of the overall offer of banks amounting to RON 3.75bln, through the three-month
certificate of deposit auction held on April 13th. The yields averaged 8.43%, while the highest accepted rate stood at
8.5%. The open market of NBR had no echo on the Romanian interbank market, as the ON interest rates remained
unchanged at 8-9% levels.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4887 |
-0.0059 |
-5.48% |
-4.30% |
|
USD/RON |
2.8712 |
-0.0115 |
-7.86% |
-6.18% |
|
GBP/RON |
5.0422 |
0.0162 |
-5.94% |
-4.66% |
|
CHF/RON |
2.2172 |
0.0021 |
-5.23% |
-4.11% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.50% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.59% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.60% |
2.64% |
2.91% |
3.17% |
|
LIBOR (USD) |
4.80% |
4.90% |
5.20% |
5.33% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,572.71 |
0.14% |
|
BET-C |
4,541.80 |
0.31% |
|
BET-FI |
46,277.50 |
-0.01% |
|
RASDAQC |
1,717.29 |
-1.28% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
113.83 |
-0.06% |
3.88 |
|
02-Jul-10 |
5.75% |
106.11 |
-0.13% |
4.13 |
|
06-May-12 |
6.50% |
122.41 |
-0.16% |
4.22 |
|
22-Jun-15 |
4.125% |
95.27 |
-0.20% |
4.77 |
|
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 |
1,288.12 |
0.12% |
1,176.84 |
1,311.56 |
|
DJI |
11,129.97 |
0.36% |
11,089.63 |
11,250.11 |
|
NASDAQ |
2,314.68 |
0.19% |
2,249.72 |
2,361.17 |
|
XETRADAX |
5,901.25 |
-0.12% |
5,890.63 |
6,031.39 |
|
NIKKEI 225 |
17,199.15 |
0.21% |
12,309.83 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2111 |
-0.30% |
|
GBP/USD |
1.7525 |
0.07% |
|
USD/CHF |
1.2971 |
0.05% |
|
USD/SEK |
7.7055 |
0.60% |
|
USD/JPY |
118.42 |
0.29% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2080 |
Res. 1 |
1.2230 |
|
Sup. 2 |
1.2030 |
Res. 2 |
1.2330 |
|
Sup. 3 |
1.1980 |
Res. 3 |
1.2355 |
|
Sup. 4 |
1.1950 |
Res. 4 |
1.2400 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
594.8 |
-0.27% |
|
SILVER |
12.64 |
0.48% |
|
OIL (BRENT) |
69.71 |
1.41% |
|
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.