Sunday, June 19, 2016

Polish bonds are undervalued. What next for gold? – Forsal.pl

“Today’s session expire will be marked by yesterday evening the suspension by the Prime Minister Cameron campaign before next week’s referendum on Brexitu. The campaign was suspended on both sides, ie. supporters Brexitu supporters remain the UK in the EU “- wrote in a morning report Monika Kurtek, chief economist at Postbank.

” financial markets treated the information on the suspension of the campaign as retreating specter Brexitu, hence there was also quite a violent reaction. strengthened m .in. British pound weakened US dollar. (…) the value of gold completely, however, will depend on global sentiment. in Asia traded today are increases in stock indexes in Europe and the session also will start probably from increases , but then is very probable return of pessimism. the EUR-PLN, after yesterday’s first breaking above 4.45, and then returning to around 4.41, maybe a week end in the range of 4,43-4,45 “- she added.

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The Islands moderated somewhat related campaign Brexitem in response to the death of a Member of the Labour Party Jo Cox, who died as a result of injuries sustained in an attack in Birstall in central England. Striker shot MEP and attacked her with a knife at her duty Deputies in the local library.

Even before the information about the death of Cox supporters of both to remain, and outputs the UK from the EU suspended until the end of the day the campaign before the referendum on June 23 on continued membership of the country in the Union. The Labour Party and the UK Independence Party (UKIP) announced on Friday evening that it will recall also all the events that have been scheduled for Friday.

Analysts at Bank Pekao SA indicate that until the clarification of the issues Brexitu EUR / PLN should fluctuate in a wide range of 4,40-4,46.

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According to analysts of the bank PKO BP, strengthening in the Polish debt market may take place after the results of the referendum in the UK.

“During the Friday session will be published next monthly economic data. We will learn, among others, retail sales (market forecast: 3.0 percent. Yoy) and industrial production (market forecast: 4.7 percent. Yoy) . however, as in the case of the recent publication of the domestic market remain should be influenced by information coming from the world. Although Polish bonds seem at the moment undervalued, it is however a clearer appreciation of the market probably will have to wait for the results of Thursday’s vote in the UK “- posted in morning report, analysts from PKO BP.

a similar view regarding the impact of the national debt market are analysts with Pekao SA.

“bond yields will remain in our opinion, stable with the valuation of the 10-year benchmark around 3.25 percent. data from the domestic economy are likely to be neutral for the market “- posted the morning analysts Pekao SA.

About hrs. 14.00 CSO will data on producer prices, industrial production and retail sales.

& gt; & gt; & gt; Read also: Euro after 4.50? British referendum could weaken the zloty

Fri section. section.
9.00 16.25 9.00
EUR / PLN 4.4378 4.4507 4.4432
USD / PLN 3.9508 3.9973 3.9365
CHF / PLN 4.0970 4.1260 4.1094
EUR / USD 1.1233 1.1134 1.1286
PS0418 1.82 1.83 1.75
PS0721 2.56 2.57 2.46
DS0726 3.28 3.28 3.27
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