FINANS DAILY
"The crowd always loses because the crowd is always wrong. It is wrong because it behaves normally." - Fred Kelly,
author of "Why You Win or Lose"
FOREX MARKET
Yesterday, although the EUR/RON has recorded high volatility, the market eventually returned at the end of the session to its
starting point. At the opening, the Euro was bided at RON 3.5850. Initially the pair was sold aggressively and in the first two
trading hours the rate fell to 3.5520. Investors, commercial and financial, therefore took the opportunity to sell close to 3.60,
following the closing of short positions by other players the day before. Near 3.55, buying interest resurfaced and the Euro was
bought constantly to the end of the day, to close at 3.5860.
The market opened today at 3.5850 and after initially making a low at 3.58, soared to 3.6030. The 3.60-3.61 zone has proved
supportive for the Leu so far, as sellers immediately rushed to sell the pair back to 3.5950, the current bids.
The EUR/USD started European trading yesterday around 1.2670. At the start of the US session, the pair had already plunged
more than 100 pips, to 1.2549. The fall came on the back of weak data on Euro Industrial activity and a steep depreciation of
the GBP versus the Dollar, on views that British interest rates will not rise in the medium run.
The pair has until today remained in a range between 1.2550 and 1.2600. After noon however, we should see a move beyond
these intervals, as the figure on US Durable Goods Orders for May will be made available.
MONEY MARKET
RON interest rates for O/N deposits have risen again, by more than 100 basis points, to a 12/17% average, from 11/14% the
day before. The move has been anticipated as we are today in the last day of the minimum reserve period, and on Monday we
should see rates returning to single digit figures.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5829 |
0.0355 |
-2.92% |
-1.99% |
|
USD/RON |
2.8360 |
0.0287 |
-8.99% |
-6.18% |
|
GBP/RON |
5.2160 |
0.0381 |
-2.70% |
-1.83% |
|
CHF/RON |
2.2914 |
0.0176 |
-5.23% |
-3.57% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
9.04% |
7.82% |
7.35% |
6.99% |
|
BUBOR |
12.56% |
8.69% |
8.61% |
8.56% |
|
LIBOR (EUR) |
2.85% |
2.88% |
3.16% |
3.41% |
|
LIBOR (USD) |
5.01% |
5.30% |
5.56% |
5.68% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
6,630.40 |
-0.36% |
|
BET-C |
4,028.74 |
-0.27% |
|
BET-FI |
35,264.28 |
0.28% |
|
RASDAQC |
1,762.98 |
-0.50% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
112.22 |
-0.08% |
4.12 |
|
02-Jul-10 |
5.75% |
105.03 |
0.02% |
4.35 |
|
06-May-12 |
6.50% |
120.36 |
-0.14% |
4.47 |
|
22-Jun-15 |
4.125% |
92.69 |
-0.24% |
5.16 |
|
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 |
1,245.60 |
-0.53% |
1,218.59 |
1,325.76 |
|
DJI |
11,019.11 |
-0.54% |
10,942.11 |
11,079.46 |
|
NASDAQ |
2,122.98 |
-0.85% |
2,072.47 |
2,272.70 |
|
XETRADAX |
5,533.42 |
-0.38% |
5,292.14 |
6,140.72 |
|
NIKKEI 225 |
15,124.04 |
-0.08% |
14,036.73 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2574 |
-0.51% |
|
GBP/USD |
1.8294 |
-0.61% |
|
USD/CHF |
1.2429 |
0.53% |
|
USD/SEK |
7.3365 |
0.69% |
|
USD/JPY |
115.99 |
0.78% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2530 |
Res. 1 |
1.2680 |
|
Sup. 2 |
1.2450 |
Res. 2 |
1.2700 |
|
Sup. 3 |
1.2400 |
Res. 3 |
1.2750 |
|
Sup. 4 |
1.2260 |
Res. 4 |
1.2930 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
583.25 |
-1.61% |
|
SILVER |
10.1 |
-4.99% |
|
OIL (BRENT) |
69.87 |
2.78% |
|
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.