|
"I look for businesses in which I think I can predict what they're going to look in ten to fifteen years time." -
Warren Buffett
FOREX MARKET
On Tuesday, the greenback enforced slightly vs. the euro, as the exchange rate declined from 1.2110 to
1.2035, the lowest. We maintain our expectation for the EUR/USD to approach the 1.2000 support today. We
shall be able to predict the trend of the EUR/USD on Monday, as an interesting confrontation of themes is
ahead on Thursday and Friday. We shall see exactly how focused is the market on the Fed's ”incoming data„.
There was a very good week for the Romanian currency, as it gained gradually vs. the EUR more than 500
pips and we see potential for further appreciation. Also, lately the transacted volumes increased, as well as the
volatility on the local forex market. On January 10th, the main pair fell from 3.6640 to 3.6410 on the back of
EUR selling orders coming from commercial clients as well as speculators. Today, the market opened at
3.6420 and headed slightly for 3.6300 until noon. We expect that the exchange rate will consolidate in the
3.6300 area for the rest of the trading session.
MONEY MARKET
Although, the National Bank did not make any open market operations, the ON interest rates remained in the 5-
7% area, as it seems that the commercial banks found ways for placing their RON surpluses.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Date(%) |
Annualized |
|
|
EUR/RON |
3.6518 |
-0.0215 |
-7.93% |
-7.71% |
|
USD/RON |
3.0169 |
-0.0215 |
4.53% |
4.40% |
|
GBP/RON |
5.3350 |
-0.0361 |
-4.92% |
-4.78% |
|
CHF/RON |
2 3652 |
-0.0167 |
-7.98% |
-7.76% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
4.75% |
5.47% |
4.72% |
4.69% |
|
BUBOR |
7.09% |
7.51% |
7.31% |
7.28% |
|
LIBOR (EUR) |
2.35% |
2.38% |
2.63% |
2.80% |
|
LIBOR (USD) |
4.29% |
4.44% |
4.70% |
4.81% |
| Romanian Equities | ||
|
Last |
Daily (%) |
|
|
BET |
7,256.32 |
0.00% |
|
BET-C |
4,271.51 |
0.07% |
|
BET-FI |
53,660.45 |
-0.23% |
|
RASDAQC |
1,742.36 |
-1.16% |
|
Romanian Bonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
116.86 |
-0.12% |
3.31 |
|
02-Jul-10 |
5.75% |
108.91 |
-0.02% |
3.54 |
|
06-May-12 |
6.50% |
126.64 |
-0.28% |
3.68 |
|
22-Jun-15 |
4.125% |
99.05 |
-0.14% |
4.24 |
|
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 |
1,289.69 |
-0.04% |
1,176.84 |
1,285.45 |
|
DJI |
11,011.58 |
0.00% |
10,717.50 |
11,011.90 |
|
NASDAQ |
2,320.32 |
0.07% |
2,205.32 |
2,318.69 |
|
XETRADAX |
5,494.71 |
-0.77% |
5,295.82 |
5,537.11 |
|
NIKKEI 225 |
16,363.59 |
1.48% |
11,027.94 |
16,428.21 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2059 |
0.17% |
|
GBP/USD |
1.7611 |
-0.08% |
|
USD/CHF |
1.2812 |
0.02% |
|
USD/SEK |
7.7668 |
0.08% |
|
USD/JPY |
114.68 |
0.16% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2040 |
Res. 1 |
1.2110 |
|
Sup. 2 |
1.1970 |
Res. 2 |
1.2180 |
|
Sup. 3 |
1.1900 |
Res. 3 |
1.2200 |
|
Sup. 4 |
1.1800 |
Res. 4 |
1.2230 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
543.8 |
-0.28% |
|
SILVER |
8.92 |
-1.87% |
|
OIL (BRENT) |
62.99 |
-0.02% |
|
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.