|
"Statistics are like prisoners under torture: with the proper tweaking you can get them to confess to anything" - John Rothchild,
author of "Survive & Profit in Ferocious Markets"
FOREX MARKET
The EUR/RON has opened yesterday at 3.5200 and for the rest of the day has traded in a narrow range, between 3.5180 and 3.5300.
Despite trading for most of the day above 3.5250, the Euro lost steam towards the end of the session and closed at RON 3.5190.
Today the market has opened directly at 3.5270, as yesterday's late drop occurred on the back of very low activity. The day high was set in
the opening minutes at 3.5280 and afterwards sellers have taken advantage of the opening levels and the pair has dropped briefly to
3.5200. Presently, the Euro is bided at 3.5230.
It is likely that in the short run the Euro will trade in a 3.50-3.55 range. The reason is the dominance of commercial flows in the present
market. Speculative trading should resume once there will be more data regarding inflationary pressures in the developed markets,
particularly the US.
Lacking any news in European trading yesterday, the Euro had made a new week high against the Dollar, at 1.2979. For most of the day
however, the pair traded in a range between 1.2920 and 1.2960, awaiting statements from a Central Bankers gathering taking place in the
US. In the middle of American trading, Fed chief Bernanke suggested that inflation in the United States threatens to break the upper
interval of the range envisaged by the Fed Board. This perspective makes a further increase of the Fed's Fund Rate to 5.25% more likely,
and therefore the EUR/USD dropped to 1.2890 following the comments. Today the Euro has managed to regain some of the lost ground,
and trades at USD 1.2930.
MONEY MARKET
RON O/N deposits are quoted today at an 8/9% average on the interbank market. In a 1M depo auction yesterday, the NBR has attracted
RON 1.7 billion at an 8.5% fixed rate.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5295 |
0.0113 |
-4.37% |
-3.08% |
|
USD/RON |
2.7233 |
-0.0209 |
-12.60% |
-8.99% |
|
GBP/RON |
5.1327 |
0.0071 |
-4.25% |
-2.99% |
|
CHF/RON |
2.2618 |
0.0112 |
-5.23% |
-3.69% |
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.95% |
7.58% |
7.22% |
6.75% |
|
BUBOR |
8.69% |
8.60% |
8.52% |
8.48% |
|
LIBOR (EUR) |
2.58% |
2.82% |
3.12% |
3.35% |
|
LIBOR (USD) |
5.04% |
5.13% |
5.31% |
5.39% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,078.23 |
-0.33% |
|
BET-C |
4,289.87 |
-0.44% |
|
BET-FI |
39,646.01 |
-1.70% |
|
RASDAQC |
1,750.14 |
-0.17% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
112.75 |
-0.15% |
4.01 |
|
02-Jul-10 |
5.75% |
105.28 |
-0.27% |
4.30 |
|
06-May-12 |
6.50% |
120.66 |
-0.26% |
4.44 |
|
22-Jun-15 |
4.125% |
93.44 |
-0.03% |
5.04 |
|
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 |
1,265.29 |
-1.78% |
1,177.80 |
1,325.76 |
|
DJI |
11,048.72 |
-1.77% |
11,094.43 |
11,278.61 |
|
NASDAQ |
2,169.62 |
-2.24% |
2,158.76 |
2,370.88 |
|
XETRADAX |
5,621.19 |
-1.16% |
5,546.24 |
6,140.72 |
|
NIKKEI 225 |
15,384.86 |
-1.81% |
13,106.18 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2911 |
-0.28% |
|
GBP/USD |
1.8730 |
-0.60% |
|
USD/CHF |
1.2076 |
0.18% |
|
USD/SEK |
7.1166 |
-0.06% |
|
USD/JPY |
112.27 |
0.56% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2860 |
Res. 1 |
1.2970 |
|
Sup. 2 |
1.2780 |
Res. 2 |
1.3000 |
|
Sup. 3 |
1.2690 |
Res. 3 |
1.3050 |
|
Sup. 4 |
1.2590 |
Res. 4 |
1.3120 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
635.2 |
-1.33% |
|
SILVER |
11.95 |
-3.08% |
|
OIL (BRENT) |
68.15 |
1.05% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
3.00% |
3.75% |
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.