|
"Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be
successful, to prevent a lot of money becoming a little." - Fred Schwed, "Where are The Customers' Yachts?"
FOREX MARKET
Yesterday, the EUR/RON has opened lower at 3.5050, with an 80 pips gap from the previous close. Buyers however appeared to
take advantage of the 5-day low and, after making a minimum at 3.5030, the Euro was bought to 3.5200. The market closed at
3.5120.
Today buying resumes as the pair advances another 120 pips, to 3.5250, after opening at 3.5130. The EUR/RON was quoted in the
first trading hour at 3.5210 the highest, and now a new wave of buying takes it 40 pips higher. As anticipated, the 3.50-3.52 zone
is appealing to most potential buyers, commercial and financial.
After a quiet Monday, when the US and British markets have been closed for holiday, and the EUR/USD has ranged between
1.2730 and 1.2770, the pair has catched up with yesterday's economic developments and surged in Asian trading to 1.2820. Euro
buying continues in European trading, with the day high standing at 1.2867. Today's US consumer confidence index is
instrumental in the evolution of the EUR/USD. The upside risk is for an extension of the current rise above 1.29, while if the data
shows growing confidence on the part of the US consumers, the pair can return below 1.2790, the retracement of the latest move.
MONEY MARKET
On the Romanian money market, O/N interest rates are at the same 8/9% average. At yesterday's 1M depo auction, the NBR has
borrowed RON 2.4 billion from the commercial banks at an 8.5% rate.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5142 |
-0.0076 |
-4.78% |
-3.42% |
|
USD/RON |
2.7533 |
0.0045 |
-11.64% |
-8.40% |
|
GBP/RON |
5.1325 |
-0.0129 |
-4.26% |
-3.03% |
|
CHF/RON |
2.2507 |
-0.0104 |
-5.23% |
-3.74% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.88% |
7.53% |
7.11% |
6.64% |
|
BUBOR |
8.61% |
8.62% |
8.51% |
8.44% |
|
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 |
7,143.98 |
-0.56% |
|
BET-C |
4,338.19 |
-0.65% |
|
BET-FI |
41,505.95 |
1.27% |
|
RASDAQC |
1,747.49 |
0.10% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
113.13 |
-0.08% |
3.88 |
|
02-Jul-10 |
5.75% |
105.86 |
0.12% |
4.15 |
|
06-May-12 |
6.50% |
121.50 |
-0.02% |
4.31 |
|
22-Jun-15 |
4.125% |
94.61 |
0.44% |
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 |
1,280.30 |
0.01% |
1,176.84 |
1,325.76 |
|
DJI |
11,278.61 |
0.00% |
11,098.35 |
11,428.77 |
|
NASDAQ |
2,210.37 |
0.00% |
2,158.76 |
2,370.88 |
|
XETRADAX |
5,755.02 |
-0.58% |
5,546.24 |
6,140.72 |
|
NIKKEI 225 |
15,859.45 |
-0.35% |
13,106.18 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2834 |
0.71% |
|
GBP/USD |
1.8733 |
0.69% |
|
USD/CHF |
1.2153 |
-0.79% |
|
USD/SEK |
7.2413 |
-0.77% |
|
USD/JPY |
111.81 |
-0.46% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2800 |
Res. 1 |
1.2880 |
|
Sup. 2 |
1.2690 |
Res. 2 |
1.2920 |
|
Sup. 3 |
1.2590 |
Res. 3 |
1.2970 |
|
Sup. 4 |
1.2550 |
Res. 4 |
1.3000 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
651 |
0.22% |
|
SILVER |
12.75 |
0.39% |
|
OIL (BRENT) |
68.7 |
-1.04% |
|
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.