|
"John Maynard Keynes essentially said, don't try and figure out what the market is doing. Figure out a business you
understand, and concentrate." - Warren Buffett
FOREX MARKET
The EUR/RON market has opened yesterday at 3.5530, 140 pips higher than the last close. As in the last 7 days, we have had
significant buying orders in the opening stages of trading, which took the pair to a maximum of 3.5650, in line with local currency
depreciations in other emerging markets as well, notably Turkey. From 3.56, selling interest appeared and the Euro was taken back
to 3.54 and afterwards closed at RON 3.5500.
Today the pair opened at 3.5470, advanced to 3.5510 and from there, players betting on a resumption of the RON appreciation
towards 3.52 and even 3.50, sold the Euro to a day low of 3.5350. The market has currently returned near the opening level and
stays at 3.5460.
The EUR/USD has increased yesterday, before the release of the Durable Goods Orders figure, from 1.2770 to 1.2870. Although
the released data showed a steeper than expected fall in Durable Goods sales, the Euro managed to gain further only to 1.2892.
Next, mainly because the pair had already been overbought, rising by 120 pips prior to the release of the data, the USD surged 160
pips to a low of 1.2728. Today, due to most European markets being closed, the EUR/USD has threaded water since the Asian
session between 1.2740 and 1.2790, currently standing at 1.2770.
MONEY MARKET
Interest rates for RON O/N deposits stand on average at the same 8/9%. Borrowing pressure has diminished slightly since the first
day of the minimum reserve period, as lenders are seldomly offering deposits also for 8.75%.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5544 |
0.0015 |
-3.70% |
-2.66% |
|
USD/RON |
2.7638 |
-0.0047 |
-11.30% |
-8.23% |
|
GBP/RON |
5.2045 |
-0.0046 |
-2.91% |
-2.09% |
|
CHF/RON |
2.2910 |
0.0007 |
-5.23% |
-3.77% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.77% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.68% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.61% |
2.73% |
3.06% |
3.28% |
|
LIBOR (USD) |
5.04% |
5.08% |
5.31% |
5.40% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
6,814.34 |
3.01% |
|
BET-C |
4,143.93 |
2.80% |
|
BET-FI |
38,795.27 |
0.73% |
|
RASDAQC |
1,721.19 |
0.77% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
113.22 |
-0.06% |
3.87 |
|
02-Jul-10 |
5.75% |
105.91 |
0.09% |
4.14 |
|
06-May-12 |
6.50% |
121.83 |
0.25% |
4.26 |
|
22-Jun-15 |
4.125% |
94.56 |
0.54% |
4.88 |
|
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 |
1,258.57 |
0.16% |
1,176.84 |
1,325.76 |
|
DJI |
11,117.32 |
0.17% |
11,098.35 |
11,642.65 |
|
NASDAQ |
2,169.17 |
0.48% |
2,172.86 |
2,370.88 |
|
XETRADAX |
5,587.23 |
-1.61% |
5,546.24 |
6,140.72 |
|
NIKKEI 225 |
15,693.75 |
-1.34% |
13,106.18 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2780 |
-0.04% |
|
GBP/USD |
1.8693 |
-0.39% |
|
USD/CHF |
1.2158 |
0.37% |
|
USD/SEK |
7.2820 |
-0.18% |
|
USD/JPY |
112.57 |
0.23% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2730 |
Res. 1 |
1.2880 |
|
Sup. 2 |
1.2690 |
Res. 2 |
1.2920 |
|
Sup. 3 |
1.2580 |
Res. 3 |
1.2970 |
|
Sup. 4 |
1.2550 |
Res. 4 |
1.3000 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
668.5 |
-0.39% |
|
SILVER |
13.04 |
0.85% |
|
OIL (BRENT) |
67.99 |
-0.47% |
|
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.