|
"Discipline without freedom is tyranny. Freedom without discipline is chaos." - Cullen Hightower
FOREX MARKET
As expected, both the Bank of England and the European Central Bank kept policy rates flat, but Trichet �s hawkish
testimony set the euro on a bullish path. ECB�s chairman confirmed the expectations of the market and used the key
word �vigilance� in his speech indicating future rate hike which stirred the appetite of players for the euro. The
purchases pushed the exchange rate above 1.2690 resistance and climbed until 1.2723 level in late trading on
Thursday. New highs set yesterday on the ECB post meeting, the pair reached a new 06 high at 1.2723, but expect
some intra day resistance at the 1.2730 area in the upcoming session. The support level moved higher to the 1.2640
zone which is likely to hold on today, while the first resistance level is set at 1.2730 level, however the US non-farm
payrolls might set the range for today.
The domestic currency ended weaker on Thursday, after it rallied in early trading until 3.4550 zone which seems to
have opened the appetite for the hard currency purchases.
The buying orders pushed gradually the quotes as high as 3.4690 level, however this zone could not held on and the
market closed at 3.4650. In dormant forex trading on Friday, the bids stay dead-locked in the 3.4630-3.4660 zone
until noon. Although the single currency is on a downward path, I expect that the 3.4500 support will remain intact in
the short run, as the hard currency demand coming from importers will stay strong.
MONEY MARKET
The domestic interbank rates entered on a stable path, remaining steady in the 8-9% zone the entire week and it is
likely to maintain the same levels the day ahead NBR�s policy rate meeting on May 11th.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4648 |
0.0011 |
-6.12% |
-4.60% |
|
USD/RON |
2.7526 |
0.0117 |
-11.66% |
-8.82% |
|
GBP/RON |
5.0596 |
0.0208 |
-5.62% |
-4.21% |
|
CHF/RON |
2.2182 |
0.0021 |
-5.23% |
-3.92% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.78% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.54% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.49% |
2.64% |
3.02% |
3.30% |
|
LIBOR (USD) |
4.96% |
5.06% |
5.27% |
5.40% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,373.88 |
-0.31% |
|
BET-C |
4,477.43 |
-0.19% |
|
BET-FI |
46,655.11 |
0.42% |
|
RASDAQC |
1,731.16 |
0.20% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
113.18 |
-0.04% |
4.03 |
|
02-Jul-10 |
5.75% |
105.55 |
-0.07% |
4.25 |
|
06-May-12 |
6.50% |
121.45 |
-0.02% |
4.35 |
|
22-Jun-15 |
4.125% |
94.55 |
-0.15% |
4.87 |
|
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 |
1,312.25 |
0.34% |
1,176.84 |
1,313.21 |
|
DJI |
11,438.86 |
0.34% |
11,283.25 |
11,416.45 |
|
NASDAQ |
2,323.90 |
0.87% |
2,294.23 |
2,370.88 |
|
XETRADAX |
6,039.32 |
1.18% |
5,901.25 |
6,107.12 |
|
NIKKEI 225 |
17,153.77 |
0.00% |
12,958.68 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2681 |
0.63% |
|
GBP/USD |
1.8508 |
0.75% |
|
USD/CHF |
1.2306 |
-0.70% |
|
USD/SEK |
7.3545 |
-0.56% |
|
USD/JPY |
113.68 |
-0.24% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2660 |
Res. 1 |
1.2730 |
|
Sup. 2 |
1.2610 |
Res. 2 |
1.2760 |
|
Sup. 3 |
1.2560 |
Res. 3 |
1.2800 |
|
Sup. 4 |
1.2520 |
Res. 4 |
1.2880 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
679.9 |
2.64% |
|
SILVER |
13.99 |
2.87% |
|
OIL (BRENT) |
72.38 |
-2.54% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
3.00% |
3.75% |
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.