|
"Character is made by what you stand for; reputation, by what you fall for." - Robert Quillen
FOREX MARKET
The EUR/USD reversed on Thursday dropping steeply from 1.2330 to 1.2195, after ECB removed the support of the
European currency by contradicting the expectations of most analysts of an interest rate increase in May. On Friday,
the US Non-Farm Payrolls for March were out at 211k vs. 190K consensus estimate, while US unemployment rate
came out at 4.7% vs. 4.85% expected. The favorable data on US labour market pushed the American dollar to the
upside and induced higher volatility in EUR/USD trading. On April 10th, the pair is being traded in the 1.1.2090-
1.2220 area, as it seems EUR/USD lacks direction and extended its range area. We expect that the EUR sell-off to
halt on Wednesday when US trade balance is released, but until then the 1.2030 support should hold up.
The Easter holidays resumed the upward bias of the Romanian currency as the foreign remittances are likely to
intensify in this period of the year. On Friday, the single currency approached the 3.5000 support, falling smoothly
from 3.5130 level. Today, the opening bids stood at 3.5020, then the exchange rate climbed until 3.5100, the most,
which triggered out strong EUR sell-off and the pair smashed the 3.5000 zone. By now, the domestic currency
pushed until 3.4950 level, but we see the pair rallying until 3.4800 zone by the end of the week.
MONEY MARKET
The overnight interest rates remained high at 8-9% levels, as the commercial banks expect complete draining from
NBR this week, the more so as the foreign remittances could put extra pressure over the CPI.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5101 |
-0.0081 |
-4.90% |
-3.86% |
|
USD/RON |
2.8787 |
0.0234 |
-7.62% |
-6.03% |
|
GBP/RON |
5.0364 |
0.0161 |
-6.05% |
-4.78% |
|
CHF/RON |
2.2262 |
-0.0016 |
-5.23% |
-4.13% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.40% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.51% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.71% |
2.64% |
2.91% |
3.16% |
|
LIBOR (USD) |
4.79% |
4.85% |
5.16% |
5.29% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,316.71 |
1.96% |
|
BET-C |
4,336.43 |
1.56% |
|
BET-FI |
45,293.95 |
0.85% |
|
RASDAQC |
1,718.24 |
0.11% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
114.23 |
0.04% |
3.76 |
|
02-Jul-10 |
5.75% |
106.37 |
0.11% |
4.07 |
|
06-May-12 |
6.50% |
122.60 |
-0.04% |
4.20 |
|
22-Jun-15 |
4.125% |
95.51 |
0.13% |
4.73 |
|
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 |
1,295.50 |
-1.03% |
1,176.84 |
1,311.56 |
|
DJI |
11,120.04 |
-0.86% |
11,109.32 |
11,317.43 |
|
NASDAQ |
2,339.02 |
-0.94% |
2,249.72 |
2,359.75 |
|
XETRADAX |
5,952.92 |
-1.30% |
5,882.38 |
6,031.39 |
|
NIKKEI 225 |
17,456.58 |
-0.61% |
12,309.83 |
17,563.37 |
| International Market Exchange Rates | ||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2095 |
-0.80% |
|
GBP/USD |
1.7425 |
-0.46% |
|
USD/CHF |
1.3008 |
0.69% |
|
USD/SEK |
7.7411 |
1.19% |
|
USD/JPY |
118.22 |
0.50% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2090 |
Res. 1 |
1.2230 |
|
Sup. 2 |
1.2030 |
Res. 2 |
1.2330 |
|
Sup. 3 |
1.1980 |
Res. 3 |
1.2355 |
|
Sup. 4 |
1.1950 |
Res. 4 |
1.2400 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
594.4 |
-0.27% |
|
SILVER |
12.38 |
1.98% |
|
OIL (BRENT) |
67 |
-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% |
3.25% |
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.