|
"Nobody who has ever been on a falling elevator and survived, ever approaches such a conveyance without a
fundamentally reduced degree of confidence." - Robert Reno, after the 1987 crash
FOREX MARKET
The market seems to be moving into quiet mode a bit early ahead of the Christmas break, as the past sessions were very quiet compared to last weeks action. The EUR/USD is likely to range between 1.1950
and 1.2060, as these levels seem to define the next step for the pair. We prefer a move higher, with a
removal of resistance suggesting a try at 1.2170 or better to the upside.
Yesterday, due to the depo auction sustained by the NBR, some clients decided to sell the hard currency
in order to place their liquidity in RON deposits, so the exchange rate fell to 3.6425, the lowest. After the
time for placing the bids at NBR expired, the market began to purchase the euro, taking the EUR/RON
upwards in the 3.6620. On Tuesday, the local forex market opened at 3.6510 and moved higher until
3.6570, the most. It seems the EUR/RON rate is dead-locked in the 3.6510/50 area and we shall have a
very quiet session.
MONEY MARKET
The National Bank managed to reduce the RON surplus from the money market as it withdrew the entire
offer of the commercial banks through yesterday's depo auction. In the early trade, the ON interest rates
stood at 5-7%, however later the yields decreased to 3.5-5.5% levels.
|
Domestic Markets Foreign Exchange Rates |
||||
| � |
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
EUR/RON |
3.6494 |
-0.0138 |
-7.99% |
-8.23% |
|
USD/RON |
3.0390 |
-0.0130 |
5.00% |
5.16% |
|
GBP/RON |
5.3628 |
-0.0429 |
-4.42% |
-4.55% |
|
CHF/RON |
2 3540 |
-0.0152 |
-8.42% |
-8.67% |
|
Interbank Market Interest Rates (%) |
||||
| � |
ON |
1M |
6M |
12M |
|
BUBID |
1.56% |
4.88% |
4.81% |
4.88% |
|
BUBOR |
4.25% |
7.44% |
7.28% |
7.19% |
|
LIBOR (EUR) |
2.34% |
2.41% |
2.61% |
2.79% |
|
LIBOR (USD) |
4.28% |
4.37% |
4.66% |
4.81% |
|
Romanian Equities |
||
| � |
Last |
Daily (%) |
|
BET |
6,639.69 |
-0.87% |
|
BET-C |
3,948.81 |
-0.59% |
|
BET-FI |
45,041.13 |
-0.78% |
|
RASDAQC |
1,740.63 |
-1.38% |
|
Romanian Bonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
117.31 |
-0.03% |
3.30 |
|
02-Jul-10 |
5.75% |
108.86 |
-0.06% |
3.58 |
|
06-May-12 |
6.50% |
126.67 |
-0.09% |
3.71 |
|
22-Jun-15 |
4.125% |
99.82 |
-0.05% |
3.81 |
|
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% |
|
RO0505CTN031 |
20 September 2005 |
22 September 2005 |
22 December 2005 |
5.33% |
|
International Equities |
||||
| � |
Last |
Daily Change |
Year Low |
Year High |
|
S&P500 |
1,259.92 |
-0.58% |
1,154.05 |
1,272.74 |
|
DJI |
10,836.53 |
-0.36% |
10,767.77 |
10,883.51 |
|
NASDAQ |
2,222.74 |
-1.32% |
2,114.05 |
2,273.37 |
|
XETRADAX |
5,350.18 |
-0.07% |
5,176.59 |
5,353.66 |
|
NIKKEI 225 |
15,641.26 |
1.62% |
10,825.39 |
15,778.86 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1984 |
-0.18% |
|
GBP/USD |
0.0000 |
0.00% |
|
USD/CHF |
1.2945 |
0.31% |
|
USD/SEK |
7.8380 |
-0.46% |
|
USD/JPY |
116.62 |
0.21% |
|
EUR/USD trading rate |
|||
|
Support |
� |
Resistance |
� |
|
Sup. 1 |
1.1930 |
Res. 1 |
1.2060 |
|
Sup. 2 |
1.1900 |
Res. 2 |
1.2100 |
|
Sup. 3 |
1.1870 |
Res. 3 |
1.2150 |
|
Sup. 4 |
1.1760 |
Res. 4 |
1.2260 |
|
Commodities |
||
| � |
Latest |
Daily (%) |
|
GOLD |
506.5 |
0.05% |
|
SILVER |
8.56 |
0.47% |
|
OIL (BRENT) |
56.53 |
-3.48% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
| � |
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
USD |
0.50% |
3.00% |
3.50% |
4.25% |
4.25% |
4.50% |
USD 1,000 |
|
EUR |
0.50% |
3.00% |
3.50% |
4.00% |
4.25% |
4.25% |
EUR 1,000 |
|
RON |
0.50% |
4.0% |
4.5% |
5.0% |
5.0% |
5.50% |
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.