|
"I think appreciating risk, being aware of it and respecting it, makes you a good trader. It teaches you to be
disciplined. Discipline allows you to trade effectively." - Larry Rosenberg
FOREX MARKET
The EUR/USD has lost the downside momentum for now and could be due for a short-term consolidation
higher. If the 1.2000 minor resistance falls, the consolidation could take it to the higher 1.2050 resistance area.
A strong move through the 1.1925 base, on the other hand, could open way for a move toward the 1.1800
area. There will be no US data of interest until tomorrow's Trade Balance number.
Yesterday, the Romanian currency followed a steep appreciation on the back of the rumours regarding a
possible hike of the key monetary policy which was eventually confirmed later. In the past few days, it
increased the volatility of the quotes, as only on Wednesday the pair lost 300 pips, falling from 3.5860. The
Administration Board of NBR decided to increase the monetary policy rate by 100 bps to 8.5% as well as the
predictability of their open market operations by organizing depo auctions every Monday.
Also, the NBR tightened again the lending restrictions, as it widened the forex reserve ratio from 35% to 40%
as of March 24th. On Thursday, the EUR/RON stands in the 3.5550-3.5450 area, however there is still room
for further appreciation of the RON until 3.5300 level in the next weeks.
MONEY MARKET
The overnight interest rates remained high in the 8-9.5% levels, due to latest NBR's regulations. The National
Bank announced 3M CD auction today, however they did not drain anything, although the offer of the
commercial banks stood at RON 2.34bln.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5785 |
-0.0090 |
-3.04% |
-2.75% |
|
USD/RON |
2.9886 |
-0.0017 |
-4.09% |
-3.69% |
|
GBP/RON |
5.2077 |
-0.0249 |
-2.85% |
-2.57% |
|
CHF/RON |
2 3048 |
-0.0018 |
-2.66% |
-2.40% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.01% |
6.44% |
5.83% |
5.65% |
|
BUBOR |
8.29% |
8.19% |
7.94% |
7.81% |
|
LIBOR (EUR) |
2.35% |
2.39% |
2.70% |
2.90% |
|
LIBOR (USD) |
4.54% |
4.57% |
4.88% |
5.03% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,334.04 |
-1.77% |
|
BET-C |
4,885.65 |
-1.72% |
|
BET-FI |
54,145.42 |
-1.38% |
|
RASDAQC |
1,798.78 |
-0.56% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
116.06 |
0.01% |
3.42 |
|
02-Jul-10 |
5.75% |
107.79 |
-0.14% |
3.78 |
|
06-May-12 |
6.50% |
124.75 |
-0.45% |
3.93 |
|
22-Jun-15 |
4.125% |
98.15 |
0.11% |
4.36 |
|
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 |
1,265.65 |
0.87% |
1,176.84 |
1,294.18 |
|
DJI |
10,858.62 |
1.01% |
10,749.76 |
10,953.95 |
|
NASDAQ |
2,266.98 |
0.98% |
2,205.32 |
2,331.36 |
|
XETRADAX |
5,649.60 |
0.00% |
5,323.87 |
5,726.53 |
|
NIKKEI 225 |
16,439.67 |
1.03% |
11,414.28 |
16,747.76 |
| International Market Exchange Rates | ||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1982 |
0.13% |
|
GBP/USD |
1.7445 |
0.05% |
|
USD/CHF |
1.2971 |
0.00% |
|
USD/SEK |
7.7310 |
-0.40% |
|
USD/JPY |
118.64 |
0.64% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1930 |
Res. 1 |
1.2000 |
|
Sup. 2 |
1.1900 |
Res. 2 |
1.2050 |
|
Sup. 3 |
1.1800 |
Res. 3 |
1.2110 |
|
Sup. 4 |
1.1720 |
Res. 4 |
1.2190 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
557.3 |
1.68% |
|
SILVER |
9.51 |
2.26% |
|
OIL (BRENT) |
60.46 |
-1.50% |
|
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 |
1.00% |
5.0% |
5.5% |
5.5% |
5.5% |
6.00% |
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.