|
"Wall Street professionals know that acting on 'inside tips' will break a man more quicky than famine, pestilence, crop
failure, political readjustment or what may be called normal accidents." - Edwin Lefevre
FOREX MARKET
Gross domestic product in Japan's economy grew at an annual 5.5% pace 2005, expanding five times faster than U.S.
growth. It seems that Bernanke speeches did not move the market and lately the volatility band of the EUR/USD has
decreased. Therefore, we decided to tighten the support/resistance levels to 1.1850-1.1950 for today. However, we
have a busy day in events today which could induce some risks. There will be released the Euro Zone industrial
production data for December, then later the US PPI and University of Michigan Confidence. In case of positive
surprise from EU data, we might see the pair testing the 1.1950 zone in later trading.
On Thursday, the RON enforced further against the European currency, as the pair reached 3.5130, the lowest intraday
value in the last five months. On February 17th, the opening quotes stood at 3.5185, however the EUR couldn㌳t hold
on to this level and slipped downwards. The RON extended its recent gains and is heading smoothly but determined
towards the 3.5000 key support zone. It seems that the interest rate differential is animating still the EUR/RON
exchange rates stronger than any other possible reasons. We do not favour a possible further appreciation of the RON
below 3.5000 area in the coming weeks, as we expect that the National Bank would intervene in case of any steep
movements.
MONEY MARKET
The overnight interest rates stand in the 5-7% area at the end of the week. The commercial banks are preparing for
NBR's depo auction which is to be hold on Monday.
Finansbank has raised the interest rates for the RON deposits by 1 percentage point on February 16th, offering one of
the most attractive yields on the Romanian money market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5255 |
-0.0046 |
-4.48% |
-3.97% |
|
USD/RON |
2.9700 |
0.0069 |
-4.69% |
-4.15% |
|
GBP/RON |
5.1505 |
-0.0011 |
-3.92% |
-3.47% |
|
CHF/RON |
2 2630 |
-0.0027 |
-4.43% |
-3.92% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
4.88% |
6.66% |
6.44% |
6.29% |
|
BUBOR |
6.56% |
8.51% |
8.55% |
8.34% |
|
LIBOR (EUR) |
2.35% |
2.47% |
2.72% |
2.90% |
|
LIBOR (USD) |
4.54% |
4.57% |
4.94% |
5.10% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,144.27 |
0.28% |
|
BET-C |
4,781.65 |
0.37% |
|
BET-FI |
51,435.40 |
1.30% |
|
RASDAQC |
1,769.65 |
0.45% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
115.90 |
-0.02% |
3.42 |
|
02-Jul-10 |
5.75% |
107.98 |
0.09% |
3.72 |
|
06-May-12 |
6.50% |
125.38 |
0.11% |
3.82 |
|
22-Jun-15 |
4.125% |
98.47 |
-0.04% |
4.32 |
|
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 |
1,289.38 |
0.73% |
1,176.84 |
1,294.18 |
|
DJI |
11,120.68 |
0.56% |
10,749.76 |
11,058.97 |
|
NASDAQ |
2,294.63 |
0.80% |
2,205.32 |
2,331.36 |
|
XETRADAX |
5,789.25 |
0.42% |
5,436.05 |
5,764.87 |
|
NIKKEI 225 |
15,713.45 |
-2.06% |
11,565.99 |
16,747.76 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1882 |
-0.02% |
|
GBP/USD |
1.7364 |
-0.13% |
|
USD/CHF |
1.3132 |
0.28% |
|
USD/SEK |
7.9039 |
0.63% |
|
USD/JPY |
117.87 |
0.09% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1850 |
Res. 1 |
1.1950 |
|
Sup. 2 |
1.1800 |
Res. 2 |
1.2020 |
|
Sup. 3 |
1.1720 |
Res. 3 |
1.2050 |
|
Sup. 4 |
1.1700 |
Res. 4 |
1.2110 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
545.25 |
0.92% |
|
SILVER |
9.36 |
2.18% |
|
OIL (BRENT) |
56.07 |
-1.82% |
|
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 |
2.00% |
6.5% |
7.0% |
7.0% |
7.0% |
7.50% |
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.