FINANS DAILY
"Problems are only opportunities in work clothes." - Henry J. Kaiser
FOREX MARKET
On November 24th, the euro got a strong boost against the greenback, occasioned by the US and Japan holiday period.
Therefore some players closed their short positions on the dollar, sending the EUR/USD above the 1.3000 psychological in
thin market conditions. However, the stop-loss orders induced an unexpected rollercoaster ride of the euro vs. the dollar and
the pair broke even the 1.3100 resistance zone. On Monday, the euro continued its rally vs. the dollar up to 1.3172 level,
reaching twenty-month high, although there were no major news on the market. By noontime, the euro seems to be losing
steam as it is traded in the 1.3100 zone, with risks to the downside.
The Romanian currency managed to hold the gains previously made against the euro, despite the dovish mood of investors
towards the emerging markets on Friday. The single currency started at 3.4840 level and climbed gradually until 3.4900
zone by noontime. The 3.4900 resistance zone held on and the pair reversed its move and closed the session at 3.4830 level.
On Monday, the domestic forex market opened at 3.4855 level, but then RON resumed its upward bias approaching the
3.4800 support level. We expect RON to continue its appreciation against the hard currencies and to erode the strong 3.4800
support zone this week, as it is likely to be sustained by the high short term interest rates and strong foreign direct
investments.
MONEY MARKET
The overnight yields stand in the 8.5/9.5% zone on Monday, as the new reserve period has started. Today, the National
Bank will hold its usual one-month deposit auction whipping out the extra liquidity on the interbank market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4904 |
0.0043 |
-5.43% |
-5.97% |
|
USD/RON |
2.6674 |
-0.0228 |
-14.40% |
-15.76% |
|
GBP/RON |
5.1568 |
0.0101 |
-3.80% |
-4.18% |
|
CHF/RON |
2.2054 |
0.0071 |
-5.23% |
-5.75% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.34% |
8.37% |
8.17% |
7.94% |
|
BUBOR |
9.03% |
9.09% |
9.09% |
9.04% |
|
LIBOR (EUR) |
3.33% |
3.48% |
3.74% |
3.86% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.36% |
5.29% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,912.30 |
0.27% |
|
BET-C |
4,941.92 |
0.47% |
|
BET-FI |
62,078.85 |
-0.86% |
|
RASDAQC |
2,373.64 |
1.06% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.68 |
0.05% |
4.11 |
|
02-Jul-10 |
5.75% |
105.24 |
0.05% |
4.14 |
|
06-May-12 |
6.50% |
120.95 |
0.00% |
4.11 |
|
22-Jun-15 |
4 125% |
96.11 |
0.43% |
4.68 |
|
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 |
YearHigh |
|
|
S&P500 |
1,318.03 |
-0.37% |
1,223.69 |
1,406.09 |
|
DJI |
12,280.17 |
-0.38% |
12,321.59 |
12,342.56 |
|
NASDAQ |
2,460.26 |
-0.23% |
2,330.79 |
2,465.98 |
|
XETRADAX |
6,411.96 |
-0.98% |
6,329.46 |
6,480.05 |
|
NIKKEI 225 |
15,885.38 |
0.96% |
14,218.60 |
17,403.96 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3127 |
1.29% |
|
GBP/USD |
1.9372 |
1.11% |
|
USD/CHF |
1.2061 |
-1.38% |
|
USD/SEK |
6.8845 |
-1.45% |
|
USD/JPY |
116.08 |
-0.15% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3050 |
Res. 1 |
1.3200 |
|
Sup. 2 |
1.2980 |
Res. 2 |
1.3280 |
|
Sup. 3 |
1.2860 |
Res. 3 |
1.3350 |
|
Sup. 4 |
1.2840 |
Res. 4 |
1.3480 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
640.2 |
1.38% |
|
SILVER |
13.51 |
3.13% |
|
OIL (BRENT) |
61.71 |
1.68% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
4.25% |
4.50% |
4.75% |
5.00% |
5.50% |
USD 1,000 |
|
EUR |
0.50% |
3.50% |
4.00% |
4.25% |
4.50% |
5.00% |
EUR 1,000 |
|
RON |
3.00% |
7.5% |
8.0% |
8.0% |
8.00% |
8.50% |
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.