FINANS DAILY
"We are in danger of forgetting that we cannot do what God does, and that God will not do what we can do." -
Oswald Chambers
FOREX MARKET
On Wednesday, the euro could not erode the 1.3050 resistance zone, as there were no important data, and rallied until
1.3036 level. Germany�s Ifo business sentiment for January dropped below market �s expectations and determined a slight
downward move of the euro. However, it is unlikely that the weaker than expected Ifo survey would exert major downward
pressure over the euro, as investors will be considering the VAT hike in Germany as the main reason for the decrease in
business sentiment. Therefore, the EUR/USD declined from 1.3000 zone down to 1.2970 level after the Ifo data were
released in mid-European trading today.
On January 24th, the domestic forex market opened in the 3.3950 zone and shortly afterwards the pair climbed until 3.4030
level which was the intraday high. This level was considered by the off-shore clients as an appropriate level to open new
postions on RON, sending the pair in the 3.3900 area. RON ended the session at 3.3900 level, despite the downward move
of its regional peers, as it was by the recovery of the short term interest rates on the interbank market.
On Thursday, the Romanian currency was bided for 3.3920-3.3930 levels at the opening time. RON strengthened slightly
until 3.3830 levels in early trading, mirroring the move of its regional peers which also faced a slight appreciation vs. euro.
Around noon time, the pair seems to lack a clear direction, oscillating in the 3.3870-3.3900 area.
MONEY MARKET
On Thursday, the overnight maturities are traded for 4.5/7% bids/asks, as a new reserve period has started and are likely to
remain within these levels tomorrow also, as the commercial banks resumed their habit of constituting higher reserves at the
beginning of the period.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3982 |
0.0039 |
0.49% |
0.46% |
|
USD/RON |
2.6143 |
0.0062 |
1.82% |
1.70% |
|
GBP/RON |
5.1640 |
-0.0118 |
1.94% |
1.81% |
|
CHF/RON |
2.0989 |
0.0019 |
-0.67% |
-0.63% |
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
4.38% |
5.54% |
5.63% |
5.81% |
|
BUBOR |
6.38% |
8.00% |
8.09% |
8.23% |
|
LIBOR (EUR) |
3.58% |
3.61% |
3.90% |
4.08% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.40% |
5.42% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,620.96 |
1.48% |
|
BET-C |
5,368.36 |
1.03% |
|
BET-FI |
64,402.85 |
2.72% |
|
RASDAQC |
2,503.49 |
-0.02% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
108.28 |
-0.02% |
4.38 |
|
02-Jul-10 |
5.75% |
104.32 |
0.03% |
4.35 |
|
06-May-12 |
6.50% |
118.97 |
-0.13% |
4.38 |
|
22-Jun-15 |
4 125% |
95.96 |
-0.24% |
4.70 |
|
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 |
0.85% |
1,223.69 |
1,431.90 |
|
DJI |
12,621.77 |
0.70% |
12,477.16 |
12,582.59 |
|
NASDAQ |
2,466.28 |
1.43% |
2,413.51 |
2,502.82 |
|
XETRADAX |
6,748.37 |
1.04% |
6,563.83 |
6,747.17 |
|
NIKKEI 225 |
17,458.30 |
-0.28% |
14,218.60 |
17,507.40 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2992 |
-0.06% |
|
GBP/USD |
1.9714 |
-0.09% |
|
USD/CHF |
1.2455 |
0.10% |
|
USD/SEK |
6.9810 |
0.09% |
|
USD/JPY |
120.65 |
-0.18% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2960 |
Res. 1 |
1.2990 |
|
Sup. 2 |
1.2940 |
Res. 2 |
1.3010 |
|
Sup. 3 |
1.2920 |
Res. 3 |
1.3040 |
|
Sup. 4 |
1.2900 |
Res. 4 |
1.3060 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
646.7 |
0.62% |
|
SILVER |
13.19 |
0.23% |
|
OIL (BRENT) |
55.7 |
2 26% |
|
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.