|
"A long life may not be good enough, but a good life is long enough." - Benjamin Franklin
FOREX MARKET
The US Existing Home Sales for February was out at 6.91M vs. 6.50M expected, triggering a strong USD
rally yesterday and overnight. Therefore on Thursday, we saw the EURUSD rejected in the 1.2080 zone and
dropped until 1.1960 support however it held up once again. On March 24th, the players seem to be cautious
with EUR/USD traded in the 1.1960-1.1980 zone until the New Home Sales for February will be released,
expected 1200K, while in January it was at 1233K, as these figures will give us clues regarding US growth.
The domestic currency went back on the bullish path on March 23rd, as it seems that the Ron has been
oversold lately due to the extremely low ON interest rates. The pair fell from 3.5270 until 3.5030 on back of
commercial purchases. On Friday, the bids started in the 3.5050 area, but soon the quotes climbed until 3.5180
which opened the appetite for EUR selling taking back the pair at the opening levels. We maintain our view
regarding the 3.5000 level to hold up support today.
MONEY MARKET
The new minimum reserve period had started today and brought a steep increase of the ON interest rates to 7.5-
9% area, the more so as on Monday, NBR is to hold the usual depo auction. Monday will be an important day,
As the National Bank will announce the monetary policy rate, which is expected to remain flat by most of the
banks.
Starting March 23rd, Finansbank has hiked again its interest rates, offering for several maturities the best
yields in the market both for RON and EUR deposits.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5128 |
-0.0232 |
-4.82% |
-3.95% |
|
USD/RON |
2.9114 |
-0.0176 |
-6.57% |
-5.38% |
|
GBP/RON |
5.0748 |
-0.0428 |
-5.33% |
-4.37% |
|
CHF/RON |
2.2291 |
-0.0167 |
-5.23% |
-4.28% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.67% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.36% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.59% |
2.63% |
2.89% |
3.12% |
|
LIBOR (USD) |
4.66% |
4.81% |
5.07% |
5.19% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,576.48 |
-0.60% |
|
BET-C |
4,513.07 |
-0.51% |
|
BET-FI |
48,935.42 |
-0.24% |
|
RASDAQC |
1,737.36 |
0.14% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
114.65 |
-0.03% |
3.69 |
|
02-Jul-10 |
5.75% |
107.12 |
0.02% |
3.89 |
|
06-May-12 |
6.50% |
124.13 |
-0.23% |
3.97 |
|
22-Jun-15 |
4.125% |
97.19 |
0.03% |
4.47 |
|
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 |
1,301.67 |
-0.26% |
1,176.84 |
1,307.25 |
|
DJI |
11,270.29 |
-0.42% |
11,151.34 |
11,317.43 |
|
NASDAQ |
2,300.15 |
-0.14% |
2,239.81 |
2,314.64 |
|
XETRADAX |
5,947.11 |
0.25% |
5,673.36 |
5,932.31 |
|
NIKKEI 225 |
16,560.87 |
0.43% |
11,900.32 |
16,747.76 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1960 |
-0.89% |
|
GBP/USD |
1.7315 |
-0.76% |
|
USD/CHF |
1.3176 |
0.93% |
|
USD/SEK |
7.8079 |
0.76% |
|
USD/JPY |
118.05 |
0.87% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1955 |
Res. 1 |
1.2000 |
|
Sup. 2 |
1.1860 |
Res. 2 |
1.2110 |
|
Sup. 3 |
1.1830 |
Res. 3 |
1.2190 |
|
Sup. 4 |
1.1780 |
Res. 4 |
1.2220 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
548.6 |
-0.14% |
|
SILVER |
10.64 |
1.82% |
|
OIL (BRENT) |
61.29 |
1.01% |
|
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% |
3.25% |
3.75% |
4.25% |
4.50% |
4.50% |
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.