|
"If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of ten
thousand brothers or cousins of the original." - Edwin Lefevre
FOREX MARKET
Late on Friday, the EUR/USD reversed its trend, as the greenback recovered due to the same old reason: the rate
differentials. But will the dollar consolidate its recent gains or go even stronger to the 1.1800 area. Bernanke's
first speech on Thursday at the semi-annual Humphey Hawkins testimony will be key this week. So we should
look at Thursday as the important pivot point in the markets this week, and an important "stress-testing" of the
US interest rate. In the meantime, we have US Retail Sales up tomorrow and the important Net Foreign Security
Purchases (TICs) data on Wednesday. Although it's moving into oversold territory, the downside seems to remain
the greater risk for now. We set the short-term resistance at 1.1950, while the key support level stays at 1.1800.
The EUR buying interests took the exchange rate as high as 3.5480 on February 10th, however towards the
closing of the domestic market, the pair fell back to the 3.5300 area. On Monday, the opening bids stood at
3.5320 and moved slightly to the 3.5200 area until noon. As the National Bank is committed on fighting the
inflation, there is a high chance that it would drain a substantial amount on today슏s depo auction, the more so as
the CPI advanced by 1.03% in January, taking the headline inflation to 8.89%. The upside potential of the
domestic currency seems to depend mainly on the volume sterilized by the NBR.
MONEY MARKET
The ON interest rates stay in the 7.5-9% area in the first day of this week. The NBR will hold depo auction every
Monday, according to the latest decision of the NBR administration board at the 8.5% fixed rate. The T-Bill
auction scheduled for February 13th has been cancelled due to recent trends in budget spending and revenue
inflows.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5397 |
-0.0116 |
-4.09% |
-3.66% |
|
USD/RON |
2.9570 |
-0.0079 |
-5.10% |
-4.57% |
|
GBP/RON |
5.1659 |
0.0019 |
-3.63% |
-3.25% |
|
CHF/RON |
2 2760 |
-0.0071 |
-3.88% |
-3.47% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
5.64% |
6.76% |
6.52% |
6.33% |
|
BUBOR |
7.46% |
8.51% |
8.45% |
8.26% |
|
LIBOR (EUR) |
2.35% |
2.42% |
2.71% |
2.89% |
|
LIBOR (USD) |
4.53% |
4.57% |
4.91% |
5.07% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,409.63 |
0.71% |
|
BET-C |
4,923.54 |
0.55% |
|
BET-FI |
53,533.86 |
0.68% |
|
RASDAQC |
1,805.80 |
0.59% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
116.01 |
0.05% |
3.42 |
|
02-Jul-10 |
5.75% |
108.04 |
0.14% |
3.71 |
|
06-May-12 |
6.50% |
125.19 |
-0.10% |
3.86 |
|
22-Jun-15 |
4.125% |
98.33 |
-0.15% |
4.34 |
|
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 |
1,266.99 |
0.25% |
1,176.84 |
1,294.18 |
|
DJI |
10,919.05 |
0.33% |
10,749.76 |
10,953.95 |
|
NASDAQ |
2,261.88 |
0.27% |
2,205.32 |
2,331.36 |
|
XETRADAX |
5,649.60 |
0.00% |
5,323.87 |
5,726.53 |
|
NIKKEI 225 |
15,877.66 |
-2.34% |
11,414.28 |
16,747.76 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1899 |
-0.60% |
|
GBP/USD |
1.7407 |
-0.27% |
|
USD/CHF |
1.3061 |
0.56% |
|
USD/SEK |
7.8295 |
1.12% |
|
USD/JPY |
117.94 |
0.32% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1880 |
Res. 1 |
1.1920 |
|
Sup. 2 |
1.1800 |
Res. 2 |
1.1950 |
|
Sup. 3 |
1.1720 |
Res. 3 |
1.2020 |
|
Sup. 4 |
1.1700 |
Res. 4 |
1.2050 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
544.4 |
-2.31% |
|
SILVER |
9.22 |
-2.85% |
|
OIL (BRENT) |
59.1 |
-1.73% |
|
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.