After Friday, the decisions of rating agencies Frank could rise by about 11 cents Gazeta.pl

let’s Start with the worst news. Friday after the resolution of two of the three largest rating agencies – and over the next several days, gold can be reduced by a few cents compared to Frank. however, even if such a depreciation of our currency does not happen, then there is a good chance that pretty soon the course will return to the levels to assess the creditworthiness of Poland.

This forecast is based on a simple observation of how gold behaved in three very important moments in the past year. Let’s look at the following graph showing the quotes of gold against Frank. 15 January, Friday, at the end of the day, S&P downgraded Russia’s rating to “BBB+” from “A-”. Golden then had time before the start of the weekend to lose against Frank for about 9 cents, and over the next few days, in addition, some 2 pennies. The size of this loss illustrates the first red rectangle on the chart.

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Now – provided, of course, that the Agency’s us rating downgrade – may be the same. Frankowicze increase in the price of the franc after the negative credit rating have a certain, almost like a Bank. Although, of course, of the scale, we can, at most, reflect, looking like it looked in the past.

read more: What ominous trends, the impact in the near future on economic development?

importantly, gold stronger in the past year reacted to world events than changes in rating, Russian. After the British called for Brexitem Frank podrożał one day to more than 31 cents – the large rectangle on the chart.

And when the trump won the election in the United States, the Swiss currency received within a few days, less than 17 cents – this is illustrated in the right most offset of the rectangle on the chart.

Please note that when a negative assessment of S&P in January last year, gold, because frankly, you quickly remove. Two weeks later, Frank was again worth as much as before the downgrade of Poland, and with the onset of February, he was even cheaper than the Thursday before the decision of the rating Agency.

a Little longer, the rate returned to previous levels after Brexicie. Here frankowicze will have to endure more of the Swiss currency in about a month and a half.

read more: what, a pound? The rate will remain below 5 PLN for a long time?

However, to stop with a statement, as the case may be now. Golden is not always quickly returns after a strong tąpnięciach on the Forex market for more than early estimates. The best proof of this is the fact that now we still have over Frank to pay more than before the election in the United States.

And finally, one more thing. On Friday, as Moody’s and Fitch can conclude that the reduction of the retirement age in Poland to the slowdown in GDP, discussions and adoption of the budget and elimination of our political system, an independent constitutional Court, it is the little things that don’t deserve a change to the rating of Poland. Then we should enjoy, at least, with the strengthening of our currency.

Text taken from the blog “Subjectively about the stock market and the economy.”