|
"It's so expensive to be rich." - Susan Gutfreund
FOREX MARKET
US trade balance was out at USD -68.5bln vs. USD -66.5bln. Despite the worse than expected US trade
deficit, the market showed very little reaction. The EUR/USD remained rangebound in the 1.1900-1.1950
zone on Thursday. We look for today's US non farm payrolls to give us some direction, as this data usually
can move the dollar quite significantly. We expect a recovery of the US labour market, so we see more
downside potential for the pair and the 1.1850 support might be at risk later today but we expect 1.1825
support to hold ahead of 1.1775.
There was a hectic trading on March 9th, as the EUR started a strong rally as soon as the forex market had
opened and climbed until 3.5220 within only several minutes, on the back of foreign clients leaving the
Romanian market. However pretty soon the domestic currency recovered as the EUR sell-off orders appeared
soon and equilibrated the market to more appropriate levels. The pair regained some ground later on and
moved downwards until 3.4840 level. On Friday, the bids started in the 3.4950 zone and remained steady
around this level until noon, falling less than 100pips in the calm trading.
MONEY MARKET
The interbank money market seems dormant today, as the ON interest rates stay flat in the 7.75-8.75% area.
Starting March 9th, Finansbank has hiked the interest rates for the domestic currency deposits, offering
probably the best yields in the market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4978 |
0.0072 |
-5.23% |
-4.42% |
|
USD/RON |
2.9311 |
0.0038 |
-5.93% |
-5.01% |
|
GBP/RON |
5.0962 |
0.0064 |
-4.93% |
-4.16% |
|
CHF/RON |
2.2382 |
0.0024 |
-5.23% |
-4.42% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.13% |
7.38% |
6.89% |
6.51% |
|
BUBOR |
8.47% |
8.59% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.59% |
2.63% |
2.83% |
3.06% |
|
LIBOR (USD) |
4.54% |
4.72% |
5.04% |
5.19% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,650.82 |
-3.21% |
|
BET-C |
4,558.52 |
-2.57% |
|
BET-FI |
46,298.89 |
-2.63% |
|
RASDAQC |
1,719.30 |
-0.37% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
115.05 |
-0.02% |
3.62 |
|
02-Jul-10 |
5.75% |
107.37 |
-0.10% |
3.85 |
|
06-May-12 |
6.50% |
124.59 |
-0.05% |
3.91 |
|
22-Jun-15 |
4.125% |
97.15 |
-0.02% |
4.51 |
|
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% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
Year High |
|
|
S&P500 |
1,272.23 |
-0.49% |
1,176.84 |
1,294.18 |
|
DJI |
10,972.28 |
-0.30% |
10,958.59 |
11,137.17 |
|
NASDAQ |
2,249.72 |
-0.78% |
2,239.81 |
2,314.64 |
|
XETRADAX |
5,732.22 |
1.04% |
5,673.36 |
5,915.15 |
|
NIKKEI 225 |
16,115.63 |
0.49% |
11,737.96 |
16,747.76 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1917 |
-0.11% |
|
GBP/USD |
1.7367 |
-0.01% |
|
USD/CHF |
1.3126 |
0.37% |
|
USD/SEK |
7.9035 |
-0.20% |
|
USD/JPY |
118.08 |
0.18% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1850 |
Res. 1 |
1.1950 |
|
Sup. 2 |
1.1825 |
Res. 2 |
1.1980 |
|
Sup. 3 |
1.1775 |
Res. 3 |
1.2020 |
|
Sup. 4 |
1.1640 |
Res. 4 |
1.2110 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
545.1 |
0.17% |
|
SILVER |
9.93 |
1.22% |
|
OIL (BRENT) |
57.64 |
0.70% |
|
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% |
7.5% |
7.5% |
7.75% |
8.00% |
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.