FINANS DAILY
"When your work speaks for itself, don't interrupt." - Henry J. Kaiser
FOREX MARKET
On Monday, the EUR/USD maintained in recent range between 1.3120-1.3160 levels amid modest transacted volumes, as the
US and Asian financial markets were closed for holiday and no major data were released. The yen came to great focus these
days, as the market is awaiting the rate decision from the Bank of Japan on Wednesday. Analysts are divided over whether the
BoJ will raise its policy rate to 0.5% from 0.25% presently. However, irrespective of the monetary policy outcome, the market
realized that this move won't put an end to the carry trades, as just one rate hike will only make them more expensive. On
February 20th, the euro gained some ground against the greenback, as the bids climbed until 1.3190 level in early forex trading.
On Monday, the Romanian currency was bided for 3.3740 at the opening and shortly after it started a rally against the euro
breaking the 3.3700 support zone. The selling pressure went as far as 3.3670 level, where the importers decided to purchase the
hard currency and the bids outpaced 3.3700 threshold, ending the session in the 3.3750 zone.
On February 20th, the domestic forex market opened in the 3.3750 zone, but the selling orders prevailed and pushed the bids
until 3.3700 area. It seems that plenty of stop-loss orders are placed at 3.3700 level, therefore this threshold is so difficult to be
broken. The pair reversed its move to the upside climbing up to 3.3800 zone by noon time, as the low ON interest rates are
affecting the domestic currency. RON is likely to face a slight downward correction this week, due to the low short term yields,
quite common for the last days of the reserve period.
MONEY MARKET
On Monday, the National Bank continued its partial sterilization policy, however there could be noticed that NBR increased
slightly the draining since the policy rate had been reduced to 8%. NBR withdrew RON 3bln which represents only a quarter of
the overall offer of 31 commercial banks. The high liquidity in the domestic money market, specific for the last days of the
reserve period, pushed the overnight interest rates down to 1/3% zone.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3727 |
-0.0036 |
-0.27% |
-0.24% |
|
USD/RON |
2.5681 |
-0.0048 |
0.02% |
0.02% |
|
GBP/RON |
4.9981 |
-0.0150 |
-1.34% |
-1.18% |
|
CHF/RON |
2.0810 |
0.0005 |
-1.52% |
-1.33% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
0.88% |
5.99% |
6.03% |
6.03% |
|
BUBOR |
2.63% |
7.49% |
7.84% |
7.81% |
|
LIBOR (EUR) |
3.58% |
3.66% |
3.95% |
4.11% |
|
LIBOR (USD) |
5.39% |
5.32% |
5.39% |
5.37% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,839.63 |
0.38% |
|
BET-C |
5,677.05 |
1.53% |
|
BET-R |
60,896.79 |
-1.27% |
|
RASDAQC |
2,821.70 |
0.10% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
107.87 |
-0.13% |
4.41 |
|
02-Jul-lO |
5.75% |
104.20 |
-0.03% |
4.37 |
|
06-May-12 |
6.50% |
118.75 |
-0.01% |
4.38 |
|
22-Jun-15 |
4.125% |
95.51 |
-0.12% |
4.79 |
|
Romanian State Government Bonds and T-Bills |
||||
|
Latest issues |
Auction Date |
Issue Date |
Maturity Date |
Avg. Yield |
|
RO0510DBNI36 |
08 August 2005 |
608 August 2005 |
10 August 200510August20 |
7.48% |
|
RO0515DBN143 |
15 August 2005 |
15 August 2005 |
17 August 2005 |
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 |
1,318.03 |
0.00% |
1,236.20 |
1,456.81 |
|
DJI |
12,767.57 |
0.00% |
12,741.86 |
12,767.57 |
|
NASDAQ |
2,496.31 |
0.00% |
2,431.07 |
2,502.82 |
|
XETRADAX |
6,987.08 |
0.20% |
6,788.23 |
6,973.32 |
|
NIKKEI 225 |
17,939.12 |
-0.01% |
14,500.26 |
17,940.09 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3148 |
0.06% |
|
GBP/USD |
1.9505 |
-0.01% |
|
USD/CHF |
1.2357 |
0.09% |
|
USD/SEK |
7.0303 |
-0.15% |
|
USD/JPY |
120.01 |
0.33% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3120 |
Res. 1 |
1.3180 |
|
Sup. 2 |
1.3070 |
Res. 2 |
1.3220 |
|
Sup. 3 |
1.3040 |
Res. 3 |
1.3260 |
|
Sup. 4 |
1.2960 |
Res. 4 |
1.3350 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
669.2 |
-0.27% |
|
SILVER |
13.93 |
-0.50% |
|
OIL (BRENT) |
56.78 |
0.19% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
SM |
9M |
12M |
Minimum Amount |
|
|
USD |
-0.27% |
.27% |
4.50% |
.27% |
5.00% |
5.50% |
USD 1,000 |
|
EUR |
0.50% |
.50% |
.50% |
.50% |
.50% |
.50% |
EUR 1,000 |
|
RON |
3.00% |
0.19% |
0.19% |
7.75% |
7.75% |
8.25% |
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.