Markets await US data; EUR / PLN will fluctuate within the range of 4,40-4,44 – Onet.pl

Post Bank estimates that the key for the currency market will be the monthly data from the US labor market. We will be at. 14.30.

“Today’s data had turned out to be better than expected, may temporarily push the EUR / USD pair towards 1.10. However, in case of a worse-than-expected reading, Eurodollar can move towards 1.13 “- wrote Monika Kurtek, chief economist Postal comment in the morning.

“(…) in Europe before noon mood may not be the best because of weaker-than-expected December industrial orders in German, then while critical data will be USA. The EUR / PLN week will end probably in the range of 4,40-4,44 “- she added.

Raiffeisen believes that Friday’s data rather will the appreciation of the dollar against the euro.

“If the data meet or exceed expectations, we are likely to observe corrective discount to Wednesday pierced barriers (1,10-1,1060). In turn, the disappointment would accelerate the movement towards 1.14, which has become a potential target after the last breaking mountain of consolidation. Given our macro forecasts, the more likely it seems first of these scenarios “- written in the morning forecast.

Raiffeisen analysts are of the view that stabilization at the level of 4,41-4,42 EUR / PLN may continue and will not influenced by the publication of data from the US labor market.

PROFITABILITY may fall, IF NOT payroll surprise POSITIVE

“the market is higher prices, lower in yields, approx. 2-3 basis points. Yields may fall further during the day, if the payroll does not surprise positively, “- said the PAP Artur Rutkowski, dealer SPW mBank.

Ministry of Finance on Thursday sold bonds OK1018 for 3643.0 mln zł, with demand 5956.0 million zł, and the profitability of 1,665 per cent., and DS0726 bonds for 3,863.0 million zł with demand 5664.0 million zł, and the profitability of 3,168 percent . at the supplementary auction also sold bonds OK1018 for 1002.2 mln zł with demand 2204.2 million zł and DS0726 bonds for 503.0 mln zł with demand 997.0 million zł.

“auction was a turning point: the demand structure shows that finally appeared in demand for Polish bonds” – said Rutkowski.