Gold and bonds likely stable solutions Fitch and Moody’s – the Banker

Quotes gold and national bonds Monday may be quiet waiting to hear the message of Fitch and Moody’s – to assess intelligence. EUR/PLN may, in their opinion, to remain in a narrow range 4,37-4,38. For debt markets, can be substantial detailed data on inflation in December, which GUS will be served at 14.00.

“the EUR/PLN, waiting to hear the message of the Agency is likely to be stable, in the area of 4,37-4,38. Then everything will depend on the content of these messages,” wrote Monica Jacket from the Bank Email.

According to analysts of mbank small volatility in EUR/usd in recent days (despite significant fluctuations in the case of other emerging market currencies) was also the result of investors ‘ expectations on Friday of the decision from Fitch and Moody’s.

“we do Not expect the rating to change Russian in none of these cases (and this will be selected as a negative term), so after the weekend, gold could significantly strengthened,” they added in the morning report.

Most, 13/16, a REUTERS poll of economists believe that neither Moody’s or Fitch will not change the rating of Russian, nor its prospects during Friday’s search.

Analysts at Bank Millennium, I believe that a calming effect on the markets can work yesterday saying the Prime Minister Blows the Awl, who confessed that he expects good news from two rating agencies.

“this suggests that the previous estimates will be saved. Recall that information about the rating will be submitted to the government before its official publication,” he wrote.

As noted by analysts of PKO BP is also the domestic debt market is waiting for the decision by Fitch and Moody’s.

“After a more powerful correction in the market interest rates where the yield has fallen by almost 20pb Thursday brought stabilization in the pending decisions of the rating agencies. Concerns of the Agency regarding reduction of retirement age are balanced by the good situation of the budget in 2016, market consensus indicates a lack of movement from Fitch and Moody’s”, it says.

Arkadiusz Trzciołek with PKO BP also expects that the final data on inflation and its structure in December 2016 (publication is scheduled for 14.00 h) can be the key to ensuring that the way the consumer price index in the coming months.

“the Risk of accelerating the growth of consumer prices in the future may again cause harm to the obligation to respect,” wrote the analyst.

	.	Thu	Thu
	9.15	16.15	9.20
EUR/usd	4,3719	4,3729	4,3784
USD/PLN	4,1095	4,0984	4,1146
CHF/PLN	4,0785	4,0728	4,0798
EUR/USD	1,0639	1,067	1,0641
OK1018	2,00	1,99	1,95
DS1021	2,84	2,86	2,80
DS0726	3,56	3,58	3,49

(PAP)

pony/ Osh/