|
"I don't try to jump over 7-foot bars, I look arround for 1-foot bars that I can step over." - Warren Buffett
FOREX MARKET
On Friday, the Euro has opened directly 60 pips lower than the previous close, with some players regarding as an opportunity
selling the pair above 3.52. The day top remained 3.5320 and until the end of the day the Euro decreased continuously, until
3.5130.
Today we see yet another gap on the charts, as the EUR/RON opened at 3.5050. Commercial clients have taken advantage for now
of the 5-day low, and have bought the pair to 3.5110. The market currently stands at 3.5070 and further consolidation should be
needed for the Euro to fall below 3.50 in the short run.
The current reverse of the RON sell-off is in correlation with moves on other emerging markets. We can see however the RON
breaking this correlation and advance further, as the Central Bank has pledged to maintain a restrictive monetary policy, and high
yields, in the long run, even if as the inflation will approach 5% y/y.
The USD has taken on Friday another shot at the 1.2690 resistance, which held yet again its ground. One of the obvious reasons is
that the greenback had already lost steam, as the move had begun from 1.2830. The EUR/USD is now 1.2750. For an upward
move, a weak Consumer Confidence Index tomorrow should suffice, and if that will not be the case, the 1.2680-1.2690 zone can
give way to 1.2590, which is a medium term pivotal point. For today we expect low volatility, as the US market is closed.
MONEY MARKET
RON O/N yields have increased today to 8/9% on average from 7.5/8.5% on Friday. Deposits are bided occasionally as high as
8.5%, as lenders also have the NBR depo auction as an alternative today.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5218 |
-0.0246 |
-4.58% |
-3.27% |
|
USD/RON |
2.7488 |
-0.0253 |
-11.78% |
-8.52% |
|
GBP/RON |
5.1454 |
-0.0481 |
-4.01% |
-2.87% |
|
CHF/RON |
2.2611 |
-0.0198 |
-5.23% |
-3.74% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.86% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.60% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.61% |
2.76% |
3.06% |
3.28% |
|
LIBOR (USD) |
5.04% |
5.09% |
5.32% |
5.41% |
| Romanian Equities | ||
|
Last |
Daily (%) |
|
|
BET |
7,184.57 |
4.65% |
|
BET-C |
4,366.64 |
4.23% |
|
BET-FI |
40,986.16 |
3.63% |
|
RASDAQC |
1,745.77 |
1.13% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
113.22 |
#REF! |
3.85 |
|
02-Jul-10 |
5.75% |
105.73 |
#REF! |
4.19 |
|
06-May-12 |
6.50% |
121.53 |
#REF! |
4.30 |
|
22-Jun-15 |
4.125% |
94.20 |
#REF! |
4.93 |
|
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 |
1,280.16 |
0.57% |
1,176.84 |
1,325.76 |
|
DJI |
11,278.61 |
0.60% |
11,098.35 |
11,428.77 |
|
NASDAQ |
2,210.37 |
0.55% |
2,158.76 |
2,370.88 |
|
XETRADAX |
5,788.36 |
1.44% |
5,546.24 |
6,140.72 |
|
NIKKEI 225 |
15,915.68 |
-0.34% |
13,106.18 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2743 |
-0.22% |
|
GBP/USD |
1.8605 |
-0.53% |
|
USD/CHF |
1.2250 |
0.42% |
|
USD/SEK |
7.2974 |
0.07% |
|
USD/JPY |
112.33 |
0.24% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2690 |
Res. 1 |
1.2830 |
|
Sup. 2 |
1.2590 |
Res. 2 |
1.2880 |
|
Sup. 3 |
1.2550 |
Res. 3 |
1.2920 |
|
Sup. 4 |
1.2520 |
Res. 4 |
1.2970 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
649.6 |
-0.09% |
|
SILVER |
12.7 |
0.16% |
|
OIL (BRENT) |
69.42 |
2.01% |
|
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.